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2003/04 – 2005/06 SERVICE
PLAN
Ministry of Advanced Education |
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Resource Summary
Core
Businesses |
2002/03
Restated
Estimates1 |
2003/04
Estimates |
2004/05
Plan |
2005/06
Plan |
| Operating
Expenses ($000) |
| Educational Institutions
and Organizations |
1,407,232 |
1,400,805 |
1,378,870 |
1,388,290 |
| Industry Training and Apprenticeship |
71,250 |
73,781 |
74,481 |
74,181 |
| Student Financial Assistance
Programs |
156,756 |
165,429 |
182,225 |
188,995 |
| Debt Service Costs and Amortization
of Prepaid Capital Advances |
239,100 |
236,500 |
243,120 |
256,730 |
| Executive and Support Services
|
24,669 |
22,492 |
20,311 |
20,811 |
| Totals |
1,899,007 |
1,899,007 |
1,899,007 |
1,929,007 |
| Full-time
Equivalents (FTE) |
| Educational Institutions
and Organizations |
65 |
63 |
— |
— |
| Industry Training and Apprenticeship
|
62 |
31 |
— |
— |
| Student Financial Assistance
Programs |
89 |
93 |
— |
— |
| Debt Service Costs and Amortization
of Prepaid Capital Advances |
— |
— |
— |
— |
| Executive and Support Services
|
62 |
50 |
— |
— |
| Totals |
278 |
237 |
213 |
213 |
| Ministry
Capital Expenditures (Consolidated Revenue Fund) ($000) |
| Educational Institutions
and Organizations |
— |
— |
— |
— |
| Industry Training and Apprenticeship
|
850 |
190 |
— |
— |
| Student Financial Assistance
Programs |
— |
— |
— |
— |
| Debt Service Costs and Amortization
of Prepaid Capital Advances |
— |
— |
— |
— |
| Executive and Support Services
|
1,640 |
2,380 |
3,370 |
1,905 |
| Totals |
2,490 |
2,570 |
3,370 |
1,905 |
| Consolidated
Capital Plan (CCP) ($000) |
| Prepaid Capital Advances
— Funds are provided to universities, colleges, institutes
and agencies for approved capital costs of new buildings, renovations
and improvements and capital leases |
200,350 |
212,410 |
210,398 |
163,221 |
| Other
Financing Transactions ($000) |
| British Columbia Student
Loan Program — Disbursements represent loans provided
to students under the BC Student Assistance Program. Receipts
represent principal repayments on outstanding loans. |
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| Receipts |
5,067 |
8,989 |
9,420 |
9,880 |
| Disbursements |
148,394 |
208,545 |
163,605 |
171,785 |
| Net Cash Source (Requirement)
|
(143,327) |
(199,556) |
(154,185) |
(161,905) |
Major Capital Projects — UBC Life Sciences Centre:
Objectives:
The Life Sciences Centre (LSC) at UBC, in conjunction with the
Island Medical Project at UVic and the Northern Medical Project
at UNBC, responds to government’s commitment to address the current
shortage of health-care professionals in B.C. Along with minor renovation
projects funded by the Ministry of Health Services, these will provide
the facilities infrastructure required to almost double the annual
number of medical graduates in B.C.
Costs:
The LSC is to be designed and constructed at the UBC Point Grey
Campus for a total government capital cost of $109,980,277. This
is in addition to the program expansion start-up costs, faculty
ramp-up costs and on-going FTE costs (all part of government operating
costs).
Benefits:
Capital costs will provide for a new facility of 40,513 gross square
metres at the UBC Campus (adding 5% to UBC’s total campus inventory).
The facility will provide classrooms, teaching and research laboratories,
communications networks, study space, an animal care facility and
space for the expansion of faculty and support services. The facility
will also incorporate the Centre for Blood Research, which is to
be partially funded by the BC Knowledge Development Fund. Once completed,
the project will allow for consolidation and replacement of existing
obsolete facilities to provide expansion of other professional health-care
programs in consequential moves, consistent with New Era
commitments and UBC’s long-range strategic campus plan.
Risks and Commitment:
UBC is assuming the full risk for delivering the LSC on time for
the September 2004 student intake, to the minimum net assignable
space as costed through the University Capital Budget Model, and
within the provincial budget. If the project experiences any cost
overrun, it will be covered by UBC from sources unrelated to any
form of provincial grant or tuition.
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