|
OPERATING EXPENSE BY CORE BUSINESS |
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|
$000 |
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|
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|
Estimates |
|
Estimates |
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VOTE 23 - MINISTRY OPERATIONS |
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This vote provides for ministry programs and operations described in the voted appropriations under the following five core businesses: Financial and Economic Performance and Analysis, Financial Governance, Accounting and Reporting, Treasury, Financial and Corporate Sector Services, and Executive and Support Services |
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FINANCIAL AND ECONOMIC PERFORMANCE AND ANALYSIS |
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Voted Appropriation |
|
|
|
|
Treasury Board Staff Operations |
7,982 |
|
6,482 |
|
|
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Voted Appropriation Description: This sub-vote provides for the operation of Treasury Board Staff Operations. Major responsibilities include financial, economic, revenue, capital, taxation, intergovernmental fiscal relations advice to government and risk management as it pertains to the fiscal framework. Costs are partially recovered from parties external to government for services provided on their behalf. This sub-vote also provides for the management of the provincial government budget, service plan and service plan report processes; production of various financial and economic documents, including the Estimates and Budget and Fiscal Plan; and operation and maintenance of financial and economic models to support decision-making within government. |
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FINANCIAL GOVERNANCE, ACCOUNTING AND REPORTING |
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Voted Appropriations |
|
|
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|
Comptroller General Operations |
6,751 |
|
6,251 |
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Internal Audit and Advisory Services |
1 |
|
1 |
|
|
6,752 |
|
6,252 |
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Statutory Appropriation |
|
|
|
|
Unclaimed Property Special Account |
931 |
|
809 |
|
|
7,683 |
|
7,061 |
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Voted Appropriations Description: This sub-vote provides for the operation of the Office of the Comptroller General. Major responsibilities include: reporting on financial transactions including ad hoc, monthly and quarterly financial reporting and Public Accounts; governance over financial management and procurement legislation, policy and procedures; analysis and advice on financial administration, accounting and procurement policy issues and process improvements; post-payment compliance and payment diversion; provision of internal audit and management advisory services pertaining to internal financial and management controls; performance management, accountability, and risk management; special audit investigations; and provision of pre- and post-implementation reviews of major information technology systems; recoveries are received from ministries and Crown corporations for internal audit services. |
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Statutory Appropriation Description: This statutory appropriation provides for the Unclaimed Property Special Account which is governed under the Unclaimed Property Act, 1999. |
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TREASURY |
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Voted Appropriation |
|
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Provincial Treasury Operations |
1 |
|
1 |
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Statutory Appropriation |
|
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Provincial Treasury Revenue Program Special Account |
|
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|
1 |
|
1 |
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Voted Appropriation Description: This sub-vote provides for debt management for the government and its Crown corporations and agencies; support for corporate and project finance initiatives and for management of settlement operations; forecasting, reporting and analysis services relating to the provincial debt. Services are cost recovered from Crown corporations and agencies, other government ministries and other clients internal and external to government. This sub-vote also provides for banking and cash management services on a cost recovery basis to Banking/Cash Management Branch clients, including Crown corporations and the government. Services include contract negotiation and management; credit facilities; Consolidated Revenue Fund management; payment and revenue collection services; direction and support to government clients for electronic banking and payment services; and implementation support and monitoring for card services. |
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Statutory Appropriation Description: This statutory appropriation provides for the Provincial Treasury Revenue Program Special Account. |
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FINANCIAL AND CORPORATE SECTOR SERVICES |
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Voted Appropriations |
|
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Financial and Corporate Sector Policy |
759 |
|
859 |
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Financial Institutions Commission |
1 |
|
1 |
|
Registries |
8,090 |
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7,192 |
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|
8,850 |
|
8,052 |
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Voted Appropriations Description: This sub-vote provides for the operation of the Financial Institutions Commission and the Credit Union Deposit Insurance Corporation. It provides for the administrative costs of regulating credit unions, trust companies, insurance companies, pension plans and captive insurance companies; administration of the Real Estate Act, the Mortgage Brokers Act, the Strata Property Act and related activities; and administrative costs of the Credit Union Deposit Insurance Fund, and related activities. This sub-vote also provides for the registration of all business entities, non-profit organizations and cooperatives that operate in British Columbia; maintenance of registries of security interests (liens) in personal property; the ownership and location of manufactured homes in the province; and the operation of the Auditor Certification Board under the Company Act. This sub-vote also provides for policy analysis and advice to government regarding the financial and corporate sectors and the legal frameworks applicable to companies, societies, partnerships, condominiums, and the use of personal property as collateral for loans and various liens. Costs are partially recovered from parties external to government. |
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EXECUTIVE AND SUPPORT SERVICES |
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Voted Appropriations |
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Minister's Office |
529 |
|
529 |
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Corporate Services. |
17,731 |
|
17,933 |
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|
18,260 |
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18,462 |
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Voted Appropriations Description: This sub-vote provides for the office of the Minister of Finance, for executive and administration support for the ministry, including financial, human resources, information and systems management, freedom of information and privacy services, and funding in support of Partnerships British Columbia. It also provides for payment of travel expenses, including prescribed allowances to members of the Executive Council, Parliamentary Secretaries, and related staff pursuant to Section 7 of the Legislative Assembly Allowance and Pension Act. This sub-vote also provides for certain expenses incurred for the Office of the Premier; occupancy and related costs for the Executive Council and Intergovernmental Relations; and support for Government House. Recoveries are received from parties external and internal to government for ministry services.
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VOTE 23 MINISTRY OPERATIONS |
41,845 |
|
39,249 |
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STATUTORY PROVINCIAL TREASURY REVENUE PROGRAM SPECIAL ACCOUNT |
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STATUTORY UNCLAIMED PROPERTY SPECIAL ACCOUNT |
931 |
|
809 |
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VOTE 24 - PUBLIC SECTOR EMPLOYERS' COUNCIL |
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This vote provides for programs and operations described in the voted appropriations under the core business Public Sector Employers' Council. |
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PUBLIC SECTOR EMPLOYERS' COUNCIL |
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Voted Appropriations |
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Public Sector Employers' Council. |
1,939 |
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1,939 |
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12,873 |
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12,873 |
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14,812 |
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14,812 |
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Voted Appropriations Description: This sub-vote provides for the operation of the Public Sector Employers' Council and the Council Secretariat, as established under the Public Sector Employers Act (PSEA), and includes salaries and remuneration of the secretariat staff, government's financial contributions to employer associations established under the PSEA, and related expenses. The council sets and coordinates strategic directions in human resource management and labour relations, and advises government with respect to labour relations, pensions and compensation-related issues in the public sector. Costs are partially recovered from pension boards.
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VOTE 24 PUBLIC SECTOR EMPLOYERS' COUNCIL |
14,812 |
|
14,812 |
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MINISTRY GROUP ACCOUNT CLASSIFICATION SUMMARY |
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GROUP ACCOUNT CLASSIFICATION |
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Salaries and Benefits |
39,201 |
|
38,876 |
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Operating Costs |
25,727 |
|
26,440 |
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Government Transfers |
15,018 |
|
15,018 |
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Other Expenses |
11,740 |
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11,905 |
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Internal Recoveries |
(18,897) |
|
(14,518) |
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External Recoveries |
(15,201) |
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(22,851) |
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TOTAL OPERATING EXPENSE |
57,588 |
|
54,870 |
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SPECIAL ACCOUNT1 |
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|
$000 |
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PROVINCIAL TREASURY REVENUE PROGRAM |
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This account was established in 1990 by amendments to the Financial Administration Act, and provides for revenue generated from financial agreements managed by the Ministry of Finance. Net revenue (expense) represents the net income (deficiency) from the Provincial Treasury revenue program in the Management of Public Funds and Debt vote. No financing transactions are provided for under this account. |
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Estimates |
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Estimates |
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SPENDING AUTHORITY AVAILABLE AT THE BEGINNING OF THE FISCAL YEAR |
|
8,296 |
|
9,096 |
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OPERATING TRANSACTIONS |
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Revenue |
|
517 |
|
310 |
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Expense |
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|
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Net Revenue (Expense) |
|
517 |
|
310 |
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Difference Between 2002/03 Estimates and Projected Actual Net Revenue (Expense) |
|
283 |
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FINANCING TRANSACTIONS |
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Loans, Investments and Capital Acquisitions |
|
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Receipts |
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Disbursements - Capital |
|
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Disbursements - Other |
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Net Cash Source (Requirement) |
|
|
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|
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|
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PROJECTED SPENDING AUTHORITY AVAILABLE AT THE END OF THE FISCAL YEAR2 |
|
9,096 |
|
9,406 |
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NOTES |
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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 The Projected Spending Authority Available represents the cash and temporary investments projected to be available at the end of the fiscal year. |
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SPECIAL ACCOUNT1 |
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|
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UNCLAIMED PROPERTY |
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This statutory appropriation was created by the Unclaimed Property Act, 1999. The purpose of the legislation is to reunite owners with their unclaimed property held by government and others. Revenues represent unclaimed money deposits, and any unclaimed property remitted to government by holders under section 12 of the Unclaimed Property Act, and related fees. Expenses from the account represent claims paid out to owners, and all costs associated with the administration of the Act and regulations. |
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Estimates |
|
Estimates |
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|
SPENDING AUTHORITY AVAILABLE AT THE BEGINNING OF THE FISCAL YEAR |
|
5,045 |
|
5,000 |
OPERATING TRANSACTIONS |
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Revenue |
|
2,500 |
|
2,500 |
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Expense |
|
(931) |
|
(809) |
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Net Revenue (Expense) |
|
1,569 |
|
1,691 |
|
Difference Between 2002/03 Estimates and Projected Actual Net Revenue (Expense) |
|
641 |
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Return to the General Fund |
|
(2,285) |
|
(1,683) |
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FINANCING TRANSACTIONS |
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Loans, Investments and Capital Acquisitions |
|
|
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Receipts |
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|
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|
Disbursements - Capital |
|
(145) |
|
(10) |
|
Disbursements - Other |
|
|
|
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Net Cash Source (Requirement) |
|
(145) |
|
(10) |
|
Difference Between 2002/03 Estimates and Projected Actual Net Cash Source (Requirement) |
|
145 |
|
|
|
Working Capital adjustments2 |
|
30 |
|
2 |
|
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PROJECTED SPENDING AUTHORITY AVAILABLE AT THE END OF THE FISCAL YEAR3 |
|
5,000 |
|
5,000 |
|
|
|
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|
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|
NOTES |
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|
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. |
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