MINISTRY OF ADVANCED EDUCATION

The Ministry of Advanced Education provides leadership and support for a top-notch advanced education and training system that provides all British Columbians with opportunities to develop the skills and knowledge they need to participate fully in the economic, social and cultural life of the province.

MINISTRY SUMMARY

($000)

Estimates
2002/03¹

Estimates
2003/04

VOTED APPROPRIATIONS

Vote 9— Ministry Operations

1,899,327 

1,899,007 

STATUTORY APPROPRIATIONS

Industry Training and Apprenticeship Special Account

78,907 

78,438 

Less: Transfer from Ministry Operations Vote

(79,227)

(78,438)

OPERATING EXPENSE

1,899,007 

1,899,007 

PREPAID CAPITAL ADVANCES²

200,350 

212,410 

CAPITAL EXPENDITURES³

2,490 

2,570 

LOANS, INVESTMENTS AND OTHER REQUIREMENTS⁴

143,327 

199,556 

REVENUE COLLECTED FOR, AND TRANSFERRED TO, OTHER ENTITIES⁵

— 

— 

FULLTIME EQUIVALENT (FTE) EMPLOYMENT⁶

278 

237 

NOTES

¹    For comparative purposes only, figures shown for 2002/03 operating expense, capital expenditures, and FTEs have been restated to be consistent with the presentation of the 2003/04 Estimates.  Schedule A presents a detailed reconciliation.

²    Details of prepaid capital advances are presented in Schedule C.

³    Details of capital expenditures are presented in Schedule D.

⁴    Details of loans, investments and other requirements are presented in Schedule E.

⁵    Details of revenue collected for, and transferred to, other entities is presented in Schedule F.

⁶    Details of FTEs are presented in Schedule G.

CORE BUSINESS SUMMARY

$000

2002/03

OPERATING EXPENSE

Net

Gross

External
Recoveries

Net

Core Business

Educational Institutions and Organizations

1,407,232 

1,413,805 

(13,000)

1,400,805 

Industry Training and Apprenticeship (includes special account)

71,250 

73,781 

— 

73,781 

Student Financial Assistance Programs

156,756 

170,429 

(5,000)

165,429 

Debt Service Costs and Amortization of Prepaid Capital Advances

239,100 

236,500 

— 

236,500 

Executive and Support Services

24,669 

22,506 

(14)

22,492 

TOTAL OPERATING EXPENSE

    1,899,007 

1,917,021 

(18,014)

   1,899,007 

PREPAID CAPITAL ADVANCES

Net

Disbursements

Receipts

Net

Core Business

Debt Service Costs and Amortization of Prepaid Capital Advances

200,350 

212,410 

— 

212,410 

TOTAL PREPAID CAPITAL ADVANCES

200,350 

212,410 

— 

212,410 

CAPITAL EXPENDITURES

Net

Disbursements

Receipts

Net

Core Business

Industry Training and Apprenticeship

850 

190 

— 

190 

Executive and Support Services

1,640 

2,380 

— 

2,380 

TOTAL CAPITAL EXPENDITURES

2,490 

2,570 

— 

2,570 

LOANS, INVESTMENTS AND OTHER REQUIREMENTS

Net

Disbursements

Receipts

Net

Core Business

Student Financial Assistance Programs

143,327 

208,545 

(8,989)

199,556 

TOTAL LOANS, INVESTMENTS AND OTHER REQUIREMENTS

143,327 

208,545 

(8,989)

199,556 

OPERATING EXPENSE BY CORE BUSINESS

$000

Estimates
2002/03

Estimates
2003/04

VOTE  9 - MINISTRY OPERATIONS

This vote provides for ministry programs and operations described in the voted appropriations under the following five core businesses: Educational Institutions and Organizations, Industry Training and Apprenticeship, Student Financial Assistance Programs, Debt Service Costs and Amortization of Prepaid Capital Advances, and Executive and Support Services.

EDUCATIONAL INSTITUTIONS AND ORGANIZATIONS

Voted Appropriation

Educational Institutions and Organizations

1,407,232 

1,400,805 

Voted Appropriation Description: This sub-vote provides funding to universities, university colleges, colleges, institutes, educational agencies, and other organizations to support the post secondary education system.  This sub-vote also provides transfers for research, scholarships, bursaries, and other initiatives. Recoveries are received from the Federal Government in accordance with Federal/Provincial agreements.

INDUSTRY TRAINING AND APPRENTICESHIP

Voted Appropriation

Industry Training and Apprenticeship Programs

71,570 

73,781 

71,570 

73,781 

Statutory Appropriation

Industry Training and Apprenticeship Special Account

78,907 

78,438 

Less: Transfer from Ministry Operations Vote

(79,227)

(78,438)

71,250 

73,781 

Voted Appropriation Description: This sub-vote provides funding to the Industry Training and Apprenticeship Special Account to support the expansion of training opportunities in industry growth areas, particularly high-tech and other knowledge industries, and to promote awareness of industry training and apprenticeship.

Statutory Appropriation Description: This statutory appropriation provides for the Industry Training and Apprenticeship Special Account which is governed under the Industry Training and Apprenticeship Act.

STUDENT FINANCIAL ASSISTANCE PROGRAMS

Voted Appropriation

Student Financial Assistance Programs

156,756 

165,429 

Voted Appropriation Description: This sub-vote provides for financial, income and other assistance to and for students including interest on student loans issued by financial institutions under these programs, debt service costs net of interest earned on loans issued by the province, provisions for future liabilities on student loan, transfers to students, and transfers for initiatives that enhance student performance.  Recoveries are received from students for student loan interest repayments and other miscellaneous sources.

DEBT SERVICE COSTS AND AMORTIZATION OF PREPAID CAPITAL ADVANCES

Voted Appropriations

Debt Service Costs

145,000 

142,300 

Amortization of Prepaid Capital Advances

94,100 

94,200 

239,100 

236,500 

Voted Appropriations Description: This sub-vote provides for the payment of short and long term debt service costs for approved capital projects including new buildings, equipment, renovations, and improvements to existing university, university college, college, institute and agency facilities, and interest payments on matching funds relating to the Canada Foundation for Innovation Program for research infrastructure projects.  Sinking fund assets, which are used to retire existing debt obligations, earn interest that is netted against debt service costs.  This sub-vote also provides for amortization of funds advanced to universities, university colleges, colleges, institutes and agencies for capital projects including new buildings, renovations and improvements, capital leases and equipment purchases.

EXECUTIVE AND SUPPORT SERVICES

Voted Appropriations

Minister's Office

435 

435 

Program Management

24,234 

22,057 

24,669 

22,492 

Voted Appropriations Description: This sub-vote provides for Ministry leadership and direction, establishment of policy and accountability, and provides program support for the post secondary system.  This sub-vote also provides for consumer protection with respect to private post-secondary institutions and quality assessment for public and private post secondary degree-granting institutions, and administration of the Industry Training and Apprenticeship Act.  This sub-vote also provides for the office of the Minister of Advanced Education, and includes salaries, benefits, allowances, and operating expenses of the minister and the minister’s staff.  Transfers are provided for post secondary development and implementation activities, and national and international education initiatives.  Recoveries are received from participation in federal/provincial agreements and activities, and other sources.  Financial, human resources, information resources, administrative services, freedom of information and privacy services, and general services and assistance are provided to the Ministry of Advanced Education by the Ministry of Education, Management Services Division.

VOTE 9 — MINISTRY OPERATIONS

1,899,327 

1,899,007 

STATUTORY — INDUSTRY TRAINING AND APPRENTICESHIP SPECIAL ACCOUNT

78,907 

78,438 

MINISTRY GROUP ACCOUNT CLASSIFICATION SUMMARY

GROUP ACCOUNT CLASSIFICATION

Salaries and Benefits

15,326 

15,256 

Operating Costs.

103,177 

101,170 

Government Transfers

1,620,044 

1,625,021 

Other Expenses

252,701 

254,012 

Internal Recoveries

(79,227)

(78,438)

External Recoveries

(13,014)

(18,014)

TOTAL OPERATING EXPENSE

1,899,007 

1,899,007 

SPECIAL ACCOUNT¹

$000

INDUSTRY TRAINING AND APPRENTICESHIP

This account was established by the Industry Training and Apprenticeship Act.  The purpose of the account is to support projects and initiatives under theIndustry Training and Apprenticeship Act, including the designation of trades and occupations; the establishment of industry training and apprenticeship programs; the allocation of funds including transfers to other agencies, organization and individuals to support training in designated trades and occupations; the granting of credentials for workers in designated trades and occupations; and increasing the proportion of members of under-represented groups in designated trades and occupations.

Revenue is received through a transfer from the Ministry of Advanced Education, Ministry Operations Vote and from fees charged under the Industry Training and Apprenticeship Act to employers and individuals as may be appropriate.   Expenses are for transfers, contractual agreements with private sector and post secondary institutions to support training in designated trades and occupations, new initiatives in work-based training, and administration costs.

Financial, human resources, information resources, administrative services, freedom of information and privacy services, and general services and assistance are provided to the Ministry of Advanced Education by the Ministry of Education, Management Services Division

Estimates
2002/03

Estimates
2003/04

SPENDING AUTHORITY AVAILABLE AT THE BEGINNING OF THE FISCAL YEAR

4,428 

4,806 

OPERATING TRANSACTIONS

Revenue

530 

530 

Transfer from the Ministry Operations Vote

79,227 

78,438 

Revenue

79,757 

78,968 

Expense

(78,907)

(78,438)

Net Revenue (Expense)

850 

530 

FINANCING TRANSACTIONS

Loans, Investments and Capital Acquisitions

Receipts

— 

— 

Disbursements - Capital

(850)

(190)

Disbursements - Other

— 

— 

Net Cash Source (Requirement)

(850)

(190)

Working Capital adjustments²

378 

285 

PROJECTED SPENDING AUTHORITY AVAILABLE AT THE END OF THE FISCAL YEAR³

4,806 

5,431 

NOTES

¹     A Special Account is an account in the General Fund where the authorization to spend money from the account is located in an Act other than the Supply Act.

²     Working capital adjustments include those adjustments that would change the cash balance of the Special Account.  This would include changes in accumulated amortization, inventory, and accounts receivable and payable.

³    The Projected Spending Authority Available represents the cash and temporary investments projected to be available at the end of the fiscal year.

LOANS, INVESTMENTS AND OTHER REQUIREMENTS BY CORE BUSINESS

$000

Estimates
2002/03

Estimates
2003/04

STUDENT FINANCIAL ASSISTANCE PROGRAMS

BRITISH COLUMBIA STUDENT LOAN PROGRAM — Disbursements represent expenditures associated with loans under the British Columbia Student Assistance Program.  Receipts represent principal repayments on outstanding loans.  Interest revenue is recovered to the voted appropriation for the management of the public debt. Administration costs are funded through the ministry’s voted appropriations.

Receipts

5,067 

8,989 

Disbursements

148,394 

208,545 

Net Cash Source (Requirement)

(143,327)

(199,556)

PREPAID CAPITAL ADVANCES BY CORE BUSINESS

$000

Estimates
2002/03

Estimates
2003/04

DEBT SERVICE COSTS AND AMORTIZATION OF PREPAID CAPITAL ADVANCES

PREPAID CAPITAL ADVANCES — Funds are provided to universities, university colleges, colleges, institutes and agencies for approved capital costs of new buildings, renovations and improvements, equipment and capital leases.

Receipts

— 

— 

Disbursements

200,350 

212,410 

Net Cash Source (Requirement)

(200,350)

(212,410)