|
RECONCILIATION
OF SUMMARY ACCOUNTS DEFICIT TO CHANGE IN TAXPAYER-SUPPORTED DEBT |
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|
Estimates |
Revised Forecast |
Estimates |
|||||||||
|
2001/02 |
2001/02 |
2002/03 |
|||||||||
|
$000 |
$000 |
$000 |
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|
TAXPAYER-SUPPORTED DEBT |
|||||||||||
|
1,500,000 |
1,963,900 |
Summary Accounts Deficit 2.............................................................................................. |
4,400,000 |
||||||||
|
66,000 |
(480,000) |
Self-Supported Crown Corporation and Agency Income in Excess of Contributions to the Consolidated Revenue Fund 3..................................................................................... |
74,000 |
||||||||
|
(166,000) |
299,100 |
Adjustment for Expenses Not Requiring Working Capital or Other Borrowing 4 ........................ |
(1,872,000) |
||||||||
|
(152,870) |
(1,097,000) |
Working Capital Changes.................................................................................................. |
(219,668) |
||||||||
|
1,247,130 |
686,000 |
Operating Requirement (Source) ................................................................................. |
2,382,332 |
||||||||
|
1,018,000 |
839,000 |
Prepaid Capital Advances (Schedule C) ............................................................................ |
894,120 |
||||||||
|
864,375 |
755,000 |
Tangible Capital Asset Expenditures (Schedule D) ............................................................... |
775,315 |
||||||||
|
1,882,375 |
1,594,000 |
Capital Requirement .................................................................................................. |
1,669,435 |
||||||||
|
93,495 |
93,000 |
Loan, Investment and Other Requirements (Schedule E) ...................................................... |
179,233 |
||||||||
|
3,223,000 |
2,373,000 |
Net Increase in Taxpayer-Supported Debt........................................................................... |
4,231,000 |
||||||||
|
24,997,000 |
24,997,000 |
Taxpayer-Supported Debt – Beginning of Year 5................................................................... |
27,370,000 |
||||||||
|
28,220,000 |
27,370,000 |
Taxpayer-Supported Debt – End of Year ............................................................................ |
31,601,000 |
||||||||
|
(294,000) |
(232,000) |
Less: Taxpayer-Supported Third Party Guarantees and Non-Guaranteed Debt................... |
(222,000) |
||||||||
|
27,926,000 |
27,138,000 |
Taxpayer-Supported Debt – End of Year (net of guarantees) .................................................. |
31,379,000 |
||||||||
|
SELF-SUPPORTED DEBT |
|||||||||||
|
Self-Supported Crown Corporation and Agency Debt |
|||||||||||
|
6,654,000 |
7,076,000 |
British Columbia Hydro and Power Authority ................................................................ |
7,442,000 |
||||||||
|
597,000 |
634,000 |
British Columbia Railway Company ............................................................................ |
638,000 |
||||||||
|
207,000 |
205,000 |
Other Crown Corporation and Agency Debt 6................................................................ |
297,000 |
||||||||
|
7,458,000 |
7,915,000 |
Total Self-Supported Crown Corporation and Agency Debt .................................................... |
8,377,000 |
||||||||
|
(247,000) |
(256,000) |
Less: guaranteed and non-guaranteed debt.................................................................... |
(413,000) |
||||||||
|
7,211,000 |
7,659,000 |
Self-Supported Debt (net of guarantees) .............................................................................. |
7,964,000 |
||||||||
|
600,000 |
1,100,000 |
Warehouse Borrowing 7 ................................................................................................... |
— |
||||||||
|
500,000 |
— |
Forecast Allowance ......................................................................................................... |
750,000 |
||||||||
|
36,237,000 |
35,897,000 |
Total Debt........................................................................................................................ |
40,093,000 |
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|
NOTES |
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|
1 |
Further details on debt are provided in Appendix Table A14 in the Budget and Fiscal Plan - 2002/03 to 2004/05. |
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|
2 |
For purposes of the debt reconciliation a deficit is shown as a positive amount since it increases government debt. |
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|
3 |
Represents the elimination of self-supported Crown corporation/agency income which is included in the Summary Accounts deficit but has not been transferred to the Consolidated Revenue Fund. The excess earnings remain in the Crown corporation/agency and reduce self-supported Crown corporation/agency debt. |
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|
4 |
These adjustments include, primarily, the amortization of capital assets and the forecast allowance. |
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|
5 |
The 2001/02 Revised Forecast includes taxpayer-supported third party guarantees. The amount reported in the 2000/01 Public Accounts ($24,619 million) excludes third party guarantees of $307 million and non-guaranteed debt of $27 million. The 2001/02 Revised Forecast amount has been restated to include vehicle lease obligations of $44 million. |
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|
6 |
Includes, primarily, the debt of Columbia Basin Power Company and Columbia Power Corporation. |
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|
7 |
Represents debt issued in advance of borrowing requirements. |
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