Ministry of Advanced Education


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 2003/04¹	Estimates 2004/05
VOTED APPROPRIATION
Vote 9 — Ministry Operations	1,898,849	1,898,849
OPERATING EXPENSE	1,898,849	1,898,849

PREPAID CAPITAL ADVANCES²	212,410	215,400

CAPITAL EXPENDITURES ³	2,380	4,105

LOANS, INVESTMENTS AND OTHER REQUIREMENTS ⁴	199,556	265,800

REVENUE COLLECTED FOR, AND TRANSFERRED TO, OTHER ENTITIES ⁵	—	—

FULLTIME EQUIVALENT (FTE) EMPLOYMENT ⁶	236	217

NOTES
¹ For comparative purposes only, figures shown for 2003/04 expense, FTEs and capital expenditures have been restated to be consistent with the presentation of the 2004/05 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 are presented in Schedule F. ⁶ Details of FTEs are presented in Schedule G.

CORE BUSINESS SUMMARY

$000

2003/04

2004/05 ESTIMATES

OPERATING EXPENSE

Net

Gross

External
Recoveries

Net

Core Business

Educational Institutions and Organizations

1,400,647

1,436,138

(17,000)

1,419,138

Industry Training and Apprenticeship

73,781

77,281

—

77,281

Student Financial Assistance Programs

165,429

143,291

(7,000)

136,291

Debt Service Costs and Amortization of Prepaid Capital Advances

236,500

246,750

—

246,750

Executive and Support Services

22,492

19,662

(273)

19,389

TOTAL OPERATING EXPENSE

1,898,849

1,923,122

(24,273)

1,898,849

PREPAID CAPITAL ADVANCES

Net

Disbursements

Receipts

Net

Core Business

Debt Service Costs and Amortization of Prepaid Capital Advances

212,410

215,400

—

215,400

TOTAL PREPAID CAPITAL ADVANCES

212,410

215,400

—

215,400

CAPITAL EXPENDITURES

Net

Disbursements

Receipts

Net

Core Business

Executive and Support Services

2,380

4,105

—

4,105

TOTAL CAPITAL EXPENDITURES

2,380

4,105

—

4,105

LOANS, INVESTMENTS AND OTHER REQUIREMENTS

Net

Disbursements

Receipts

Net

Core Business

Student Financial Assistance Programs

199,556

279,400

(13,600)

265,800

TOTAL LOANS, INVESTMENTS AND OTHER REQUIREMENTS

199,556

279,400

(13,600)

265,800

OPERATING EXPENSE BY CORE BUSINESS
$000
	Estimates 2003/04	Estimates 2004/05
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	1,400,647	1,419,138
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	73,781	77,281
Voted Appropriation Description: This sub-vote provides funding to the Industry Training Authority which oversees the management of the training system in British Columbia.
STUDENT FINANCIAL ASSISTANCE PROGRAMS
Voted Appropriation
Student Financial Assistance Programs	165,429	136,291
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 loans, 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	142,300	142,600
Amortization of Prepaid Capital Advances	94,200	104,150
	236,500	246,750
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	22,057	18,954
	22,492	19,389
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. 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

1,898,849

1,898,849

MINISTRY GROUP ACCOUNT CLASSIFICATION SUMMARY
GROUP ACCOUNT CLASSIFICATION
Salaries and Benefits	12,950	13,197
Operating Costs	98,896	109,993
Government Transfers	1,551,174	1,594,293
Other Expenses	253,845	205,639
External Recoveries	(18,016)	(24,273)
TOTAL OPERATING EXPENSE	1,898,849	1,898,849

LOANS, INVESTMENTS AND OTHER REQUIREMENTS BY CORE BUSINESS
$000
	Estimates 2003/04	Estimates 2004/05
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. Administration costs are funded through the ministry's voted appropriations.
Receipts	8,989	13,600
Disbursements	208,545	279,400
Net Cash Source (Requirement)	(199,556)	(265,800)

PREPAID CAPITAL ADVANCES BY CORE BUSINESS
$000
	Estimates 2003/04	Estimates 2004/05
Debt Service Costs and Amortization of Prepaid Capital Advances
POST SECONDARY INSTITUTIONS — Disbursements are provided to universities, university colleges, colleges, institutes and agencies for approved capital projects, including new buildings, renovations and improvements, equipment and capital leases.
Receipts	—	—
Disbursements	212,410	215,400
Net Cash Source (Requirement)	(212,410)	(215,400)