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Vote 37 |
MINISTRY OPERATIONS |
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Classification by Sub-Vote |
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Estimates 2001/02 |
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Estimates 2002/03 |
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$000 |
$000 |
$000 |
$000 |
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|
443 |
Minister's Office......................................................................... |
443 |
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|
44,791 |
Revenue Collection (net of recoveries).......................................... |
44,272 |
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4,538 |
Debt Collection (net of recoveries)................................................ |
538 |
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|
1 |
— Collection and Loan Management Branch.............................. |
1 |
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4,537 |
— Home Owner Grant........................................................... |
537 |
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49,772 |
Total Vote ............................................................ |
45,253 |
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VOTE DESCRIPTION This vote provides for operations and programs of the ministry, including: (a) Minister’s Office – This sub-vote provides for the office of the Minister of Provincial Revenue, and includes salaries, benefits, allowances and operating expenses of the minister and the minister's staff. (b) Revenue Collection - This sub-vote provides for administration of activities and acts including: · support for ministry executive; · taxation statutes which are the responsibility of the Ministry of Provincial Revenue; · ministry responsibilities under the School Act regarding residential and non-residential school property taxes collected by municipalities on behalf of the province; · advances to local governments in respect of property taxes collected on their behalf; · the Land Tax Deferment Act and related costs; · the Home Owner Grant Act as it relates to the non-municipal areas of the province; · payment of interest or refunds of taxation revenues under statutes administered by the Ministry of Provincial Revenue; · administration and management of public money under the Ministry of Forests Act, the Forest Act, the Forest Range Act and the Forest Practices Code of British Columbia; and · determination, assessment and collection of royalties, taxes, levies and fees on production of minerals, oil and gas resources in accordance with established orders and enactments. Costs are partially recovered from revenues administered by the division. (c) Debt Collection – This sub-vote provides for: (i) Collection and Loan Management Branch - This sub-vote provides for accounts receivable collection and loan management services which are cost recovered from its clients. (ii) Home Owner Grant – administration of the Homeowner Grant Act. |
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Vote 37 |
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MINISTRY OPERATIONS |
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Group Account Classification |
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Estimates 2001/02 $000 |
Estimates 2002/03 $000 |
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MINISTER'S OFFICE |
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Salaries and Benefits........................................................................................................................ |
368 |
360 |
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Operating Costs............................................................................................................................... |
75 |
83 |
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Total .................................................................................................................................. |
443 |
443 |
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REVENUE COLLECTION |
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Salaries and Benefits........................................................................................................................ |
43,270 |
50,603 |
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Operating Costs............................................................................................................................... |
30,636 |
31,395 |
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Other Expenses.............................................................................................................................. |
101 |
101 |
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External Recoveries......................................................................................................................... |
(29,216) |
(37,827) |
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Total .................................................................................................................................. |
44,791 |
44,272 |
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DEBT COLLECTION |
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Salaries and Benefits........................................................................................................................ |
4,338 |
5,375 |
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Operating Costs............................................................................................................................... |
2,693 |
3,355 |
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Government Transfers...................................................................................................................... |
4,000 |
— |
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Other Expenses.............................................................................................................................. |
1,897 |
1,662 |
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Internal Recoveries.......................................................................................................................... |
(8,390) |
(9,854) |
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Total .................................................................................................................................. |
4,538 |
538 |
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Special Account |
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PROVINCIAL HOME ACQUISITION |
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Estimates 2001/02 |
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Estimates 2002/03 |
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$000 |
$000 |
$000 |
$000 |
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482,556 |
Total Account Balance at the Beginning of the Fiscal Year ............ |
482,588 |
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Operating Transactions |
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50 |
Revenue................................................................................... |
25 |
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25 |
Expense................................................................................... |
25 |
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25 |
25 |
Net Revenue (Expense) ............................................................. |
— |
— |
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7 |
Difference Between 2001/02 Estimates and
Projected Actual Net |
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482,588 |
Total Account Balance at the End of the Fiscal Year....................... |
482,588 |
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Financing Transactions |
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Loans, Investments and Capital Asset Acquisitions |
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|
150 |
Receipts .................................................................................... |
100 |
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— |
Disbursements – capital ............................................................... |
— |
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|
140 |
– other ................................................................ |
40 |
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10 |
10 |
Net Cash Source (Requirement) .................................................. |
60 |
60 |
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130 |
Difference Between 2001/02
Estimates and Projected Actual Net Cash |
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140 |
Total Financing Transactions......................................................... |
60 |
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────── * As this is a revolving Special Account, the net cash source (requirement) increases (decreases) the balance of the account. SPECIAL ACCOUNT DESCRIPTION This account was created as a fund by the Provincial Home Acquisition Act, 1967, and was changed to a Special Account under the Special Appropriations Act, 1982. The purpose of the account was to pay grants to qualified British Columbia residents constructing or purchasing a home, and to make loans secured by second mortgages. Currently, mortgage financing is provided from this account to qualified British Columbia residents for the conversion of existing housing into rental suites under the Home Conversion and Leasehold Loan Act, 1979. Most of the BC Second Mortgage program portfolio has been sold to private sector lenders. The province re-purchases mortgage accounts which become more than 90 days in arrears. Revenue consists of interest on outstanding mortgage principal. Expense includes statutory rebates and other miscellaneous program costs. Receipts represent repayment of outstanding mortgage loan principal. Disbursements represent new conversion mortgages, repurchased mortgage accounts and guarantee claims paid under the mortgage assistance program. |
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Financing Transaction |
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INTERNATIONAL FUEL TAX AGREEMENT (MOTOR FUEL TAX ACT) |
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Estimates 2001/02 |
Estimates 2002/03 |
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$000 |
$000 |
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|
6,000 |
Receipts ............................................................................................................................. |
4,700 |
|
4,000 |
Disbursements .................................................................................................................... |
3,800 |
|
2,000 |
Net Cash Source (Requirement) ..................................................................................... |
900 |
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FINANCING TRANSACTION DESCRIPTION Advances (disbursements) are provided by the province to other International Fuel Tax Agreement jurisdictions in respect of the monies (receipts) collected on their behalf by the Ministry of Provincial Revenue. Administration costs are funded through the ministry's voted appropriations. |
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Financing Transaction |
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LAND TAX DEFERMENT ACT |
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Estimates 2001/02 |
Estimates 2002/03 |
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$000 |
$000 |
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|
11,900 |
Receipts ............................................................................................................................. |
13,860 |
|
21,500 |
Disbursements .................................................................................................................... |
18,600 |
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(9,600) |
Net Cash Source (Requirement) ..................................................................................... |
(4,740) |
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FINANCING TRANSACTION DESCRIPTION Local governments are reimbursed (disbursements) by the province for property taxes of those over 60 years of age and other qualified property owners that are deferred under this Act. The property owner or the estate is required to repay to the province all deferred taxes together with interest on the termination of the agreement. Receipts represent repayments of outstanding principal (taxes deferred exclusive of interest). Interest and fee revenue are credited to the Consolidated Revenue Fund, and administration costs are funded through the ministry's voted appropriations. |
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Financing Transaction |
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BRITISH COLUMBIA FERRY CORPORATION (MOTOR FUEL TAX ACT) |
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Estimates 2001/02 |
Estimates 2002/03 |
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$000 |
$000 |
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|
73,700 |
Receipts ............................................................................................................................. |
73,900 |
|
73,700 |
Disbursements .................................................................................................................... |
73,900 |
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— |
Net Cash Source (Requirement) ..................................................................................... |
— |
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FINANCING TRANSACTION DESCRIPTION Advances (disbursements) are provided by the province to the British Columbia Ferry Corporation (BCFC) in respect of the gasoline and motive fuel tax (receipts) collected on BCFC’s behalf by the Ministry of Provincial Revenue. Funds will be used by BCFC to cover a portion of their operating losses incurred in providing ferry services in British Columbia coastal waters. Administration costs are funded through the ministry's voted appropriations. |
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Financing Transaction |
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BRITISH COLUMBIA TRANSIT ACT (MOTOR FUEL TAX) |
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Estimates 2001/02 |
Estimates 2002/03 |
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$000 |
$000 |
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|
7,700 |
Receipts ............................................................................................................................. |
7,450 |
|
7,700 |
Disbursements .................................................................................................................... |
7,450 |
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— |
Net Cash Source (Requirement) ..................................................................................... |
— |
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FINANCING TRANSACTION DESCRIPTION Advances (disbursements) are provided by the province to British Columbia Transit in respect of the British Columbia Transit Act gasoline and motive fuel tax (receipts) collected on the authority's behalf by the Ministry of Provincial Revenue. Administration costs are funded through the ministry's voted appropriations. |
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Financing Transaction |
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BUILD BC ACT (MOTOR FUEL AND SOCIAL SERVICE TAXES) |
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Estimates 2001/02 |
Estimates 2002/03 |
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$000 |
$000 |
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|
203,500 |
Receipts ............................................................................................................................. |
203,200 |
|
203,500 |
Disbursements .................................................................................................................... |
203,200 |
|
— |
Net Cash Source (Requirement) ..................................................................................... |
— |
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FINANCING TRANSACTION DESCRIPTION Advances (disbursements) are provided by the province to the BC Transportation Financing Authority in respect of the gasoline and motive fuel tax (receipts) and the social service tax (receipts) on short term rentals of passenger vehicles collected on the authority's behalf under the Build BC Act by the Ministry of Provincial Revenue. Administration costs are funded through the ministry's voted appropriations. |
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Financing Transaction |
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GREATER VANCOUVER TRANSPORTATION AUTHORITY ACT (MOTOR FUEL AND SOCIAL SERVICE TAXES) |
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Estimates 2001/02 |
Estimates 2002/03 |
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$000 |
$000 |
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|
197,400 |
Receipts ............................................................................................................................. |
241,900 |
|
197,400 |
Disbursements .................................................................................................................... |
241,900 |
|
— |
Net Cash Source (Requirement) ..................................................................................... |
— |
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FINANCING TRANSACTION DESCRIPTION Advances (disbursements) are provided by the province to the Greater Vancouver Transportation Authority in respect of the Greater Vancouver Transportation Authority Act in respect of the gasoline and motive fuel tax (receipts) and the social service tax (receipts) on parking collected on the authority’s behalf by the Ministry of Provincial Revenue. Administration costs are funded through the ministry’s voted appropriations. |
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Financing Transaction |
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RURAL AREA PROPERTY TAXES |
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Estimates 2001/02 |
Estimates 2002/03 |
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$000 |
$000 |
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|
168,000 |
Receipts ............................................................................................................................. |
182,000 |
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|
168,000 |
Disbursements .................................................................................................................... |
182,000 |
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|
— |
Net Cash Source (Requirement) ..................................................................................... |
— |
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FINANCING TRANSACTION DESCRIPTION Advances (disbursements) are provided by the province to local governments and entities in rural areas in respect of local taxes and levies (receipts) collected on their behalf by the Ministry of Provincial Revenue. Interest and fee revenue is credited to the Consolidated Revenue Fund and administration costs are funded through the ministry's voted appropriations. |
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Financing Transaction |
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TOBACCO TAX AMENDMENT ACT |
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Estimates 2001/02 |
Estimates 2002/03 |
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|
$000 |
$000 |
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|
1,500 |
Receipts ............................................................................................................................. |
1,500 |
|
1,500 |
Disbursements .................................................................................................................... |
1,500 |
|
— |
Net Cash Source (Requirement) ..................................................................................... |
— |
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FINANCING TRANSACTION DESCRIPTION Advances (disbursements) are provided to the Cowichan Tribes in respect of the Cowichan Tribes Agreement for tobacco tax (receipts) collected on their behalf. Administration costs are funded through the ministry’s voted appropriations. |
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Financing Transaction |
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TOURISM BRITISH COLUMBIA (HOTEL ROOM TAX ACT) |
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Estimates 2001/02 |
Estimates 2002/03 |
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|
$000 |
$000 |
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|
25,000 |
Receipts ............................................................................................................................. |
23,450 |
|
25,000 |
Disbursements .................................................................................................................... |
23,450 |
|
— |
Net Cash Source (Requirement) ..................................................................................... |
— |
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FINANCING TRANSACTION DESCRIPTION Advances (disbursements) are provided to Tourism British Columbia in respect of the Tourism British Columbia Act hotel room tax (receipts) collected on the corporation’s behalf by the Ministry of Provincial Revenue. Administration costs are funded through the ministry’s voted appropriations. |
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