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OPERATING EXPENSE BY CORE BUSINESS |
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|
$000 |
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Estimates |
|
Estimates |
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VOTE 33 MINISTRY OPERATIONS |
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This vote provides for ministry programs and operations described in the voted appropriations under the following three core businesses: Tax Administration and Collection, Debt Administration and Collection and Home Owner Grant, and Executive and Support Services. |
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TAX ADMINISTRATION AND COLLECTION |
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Voted Appropriation |
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Tax Administration and Collection |
5,315 |
|
2,625 |
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Voted Appropriation Description: This sub-vote provides for the administration and enforcement of various tax statutes and revenue and benefit programs which are the responsibility of the Ministry of Provincial Revenue. This sub-vote also provides for payment of interest or refunds of taxation revenues under statutes administered by the ministry. Costs are partially recovered from revenues administered by the ministry.
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DEBT ADMINISTRATION AND COLLECTION AND HOME OWNER GRANT |
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Voted Appropriations |
|
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Debt Administration and Collection |
1 |
|
1 |
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Home Owner Grant |
537 |
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|
538 |
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1 |
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Statutory Appropriation |
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Provincial Home Acquisition Special Account |
25 |
|
25 |
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|
563 |
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26 |
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Voted Appropriations Description: This sub-vote provides for accounts receivable collection, loan management services, and administration of the Home Owner Grant Program. Costs are recovered from clients or deducted from collected proceeds.
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Statutory Appropriation Description: This statutory appropriation provides for the Provincial Home Acquisition Special Account. |
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EXECUTIVE AND SUPPORT SERVICES |
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Voted Appropriations |
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Minister's Office |
430 |
|
430 |
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Strategic Initiatives and Administration |
44,390 |
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46,561 |
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44,820 |
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46,991 |
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Voted Appropriations Description: 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. It also provides for executive strategic direction of the ministry and administrative support services; tax appeal management and administration; and centralized billing and receivable management including premiums and fees collected for the Medical Services Plan of the Ministry of Health Services.
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VOTE 33 MINISTRY OPERATIONS |
50,673 |
|
49,617 |
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STATUTORY PROVINCIAL HOME ACQUISITION SPECIAL ACCOUNT |
25 |
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25 |
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MINISTRY GROUP ACCOUNT CLASSIFICATION SUMMARY |
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GROUP ACCOUNT CLASSIFICATION |
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Salaries and Benefits |
58,841 |
|
62,570 |
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Operating Costs |
38,303 |
|
41,886 |
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Government Transfers |
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Other Expenses |
1,412 |
|
3,949 |
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Internal Recoveries |
(10,031) |
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(11,551) |
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External Recoveries |
(37,827) |
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(47,212) |
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TOTAL OPERATING EXPENSE |
50,698 |
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49,642 |
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SPECIAL ACCOUNT1 |
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$000 |
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PROVINCIAL HOME ACQUISITION |
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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 repurchases 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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Estimates |
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Estimates |
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SPENDING AUTHORITY AVAILABLE AT THE BEGINNING OF THE FISCAL YEAR |
482,574 |
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482,634 |
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OPERATING TRANSACTIONS |
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Revenue |
25 |
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25 |
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Net Revenue (Expense) |
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FINANCING TRANSACTIONS |
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Loans, Investments and Capital Acquisitions |
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Receipts |
100 |
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75 |
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Disbursements - Capital |
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Disbursements - Other |
(40) |
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(40) |
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Net Cash Source (Requirement) |
60 |
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35 |
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PROJECTED SPENDING AUTHORITY AVAILABLE AT THE END OF THE FISCAL YEAR2 |
482,634 |
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482,669 |
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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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$000 |
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Estimates |
|
Estimates |
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TAX ADMINISTRATION AND COLLECTION |
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INTERNATIONAL FUEL TAX AGREEMENT (MOTOR FUEL TAX ACT) Disbursements are provided by the province to other International Fuel Tax Agreement jurisdictions in respect of the 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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Receipts |
4,700 |
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4,800 |
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Disbursements |
3,800 |
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3,900 |
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Net Cash Source (Requirement) |
900 |
|
900 |
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TAX ADMINISTRATION AND COLLECTION |
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LAND TAX DEFERMENT ACT Disbursements are made to local governments to reimburse them 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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Receipts |
13,860 |
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14,000 |
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Disbursements |
18,600 |
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18,600 |
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Net Cash Source (Requirement) |
(4,740) |
|
(4,600) |
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REVENUE COLLECTED FOR, AND TRANSFERRED TO, OTHER ENTITIES BY CORE BUSINESS |
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$000 |
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Estimates |
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Estimates |
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TAX ADMINISTRATION AND COLLECTION |
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BRITISH COLUMBIA FERRY CORPORATION (MOTOR FUEL TAX ACT) Disbursements were provided to the British Columbia Ferry Corporation (BCFC) in respect of motive fuel tax (receipts) collected on BCFCs behalf by the Ministry of Provincial Revenue. Administration costs were funded through the ministry's voted appropriations. Disbursements were used by BCFC to cover a portion of their operating losses incurred in providing ferry services in British Columbia coastal waters. In 2003/04, this financing transaction is eliminated and a grant of $106 million will be provided to the British Columbia Ferry Services Inc. for the costal ferry services contract. |
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Receipts |
73,900 |
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Disbursements |
73,900 |
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Net Cash Source (Requirement) |
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TAX ADMINISTRATION AND COLLECTION |
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BRITISH COLUMBIA TRANSIT ACT (MOTOR FUEL TAX) Disbursements are provided to British Columbia Transit (BCT) in respect of the British Columbia Transit Act fuel tax (receipts) collected on BCT's behalf by the Ministry of Provincial Revenue. Administration costs are funded through the ministry's voted appropriations. |
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Receipts |
7,450 |
|
8,000 |
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Disbursements |
7,450 |
|
8,000 |
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Net Cash Source (Requirement) |
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TAX ADMINISTRATION AND COLLECTION |
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BUILD BC ACT (MOTOR FUEL AND SOCIAL SERVICES TAXES) Disbursements are provided to the BC Transportation Financing Authority (BCTFA) in respect of the fuel tax (receipts) and the social service tax (receipts) on short term rentals of passenger vehicles collected on BCTFA'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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Receipts |
203,200 |
|
418,300 |
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Disbursements |
203,200 |
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418,300 |
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Net Cash Source (Requirement) |
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TAX ADMINISTRATION AND COLLECTION |
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GREATER VANCOUVER TRANSPORTATION AUTHORITY ACT (MOTOR FUEL AND SOCIAL SERVICE TAXES) Disbursements are provided to the Greater Vancouver Transportation Authority (GVTA) in respect of the fuel tax (receipts) and the social service tax (receipts) on parking collected on GVTA's behalf under the Greater Vancouver Transportation Authority Act by the ministry of Provincial Revenue. Administration costs are funded through the ministry's voted appropriations. |
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Receipts |
241,900 |
|
260,600 |
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Disbursements |
241,900 |
|
260,600 |
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Net Cash Source (Requirement) |
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TAX ADMINISTRATION AND COLLECTION |
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RURAL AREA PROPERTY TAXES Disbursements are provided to local governments and entities in rural areas in respect of local property taxes and levies (receipts) collected on their behalf by the Ministry of Provincial Revenue. Interest and fee revenue is deposited to the Consolidated Revenue Fund and administration costs are funded through the ministry's voted appropriations. |
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Receipts |
182,000 |
|
190,000 |
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Disbursements |
182,000 |
|
190,000 |
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Net Cash Source (Requirement) |
|
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TAX ADMINISTRATION AND COLLECTION |
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TOBACCO TAX AMENDMENT ACT 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 ministrys voted appropriations. |
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Receipts |
1,500 |
|
2,200 |
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Disbursements |
1,500 |
|
2,200 |
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Net Cash Source (Requirement) |
|
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TAX ADMINISTRATION AND COLLECTION |
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TOURISM BRITISH COLUMBIA (HOTEL ROOM TAX ACT) Disbursements are provided by the province 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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Receipts |
23,450 |
|
25,500 |
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Disbursements |
23,450 |
|
25,500 |
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Net Cash Source (Requirement) |
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