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| MINISTRY OF PROVINCIAL REVENUE | ||||
| The mission of the Ministry of Provincial Revenue is to provide fair, efficient and equitable revenue and debt collection which supports public services to meet the needs of British Columbians. | ||||
| MINISTRY SUMMARY | ||||
| ($000) | ||||
| Estimates 2003/041 | Estimates 2004/05 | |||
| VOTED APPROPRIATION | ||||
| Vote 30 Ministry Operations | 50,694 | 52,279 | ||
| STATUTORY APPROPRIATION | ||||
| Provincial Home Acquisition Wind Up Special Account | | 25 | ||
| OPERATING EXPENSE | 50,694 | 52,304 | ||
| PREPAID CAPITAL ADVANCES 2 | | | ||
| CAPITAL EXPENDITURES 3 | 9,734 | 13,297 | ||
| LOANS, INVESTMENTS AND OTHER REQUIREMENTS 4 | 3,700 | (910) | ||
| REVENUE COLLECTED FOR, AND TRANSFERRED TO, OTHER ENTITIES 5 | | | ||
| FULLTIME EQUIVALENT (FTE) EMPLOYMENT 6 | 988 | 1,054 | ||
| 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 | ||||||||
| Tax Administration and Collection | 2,747 | 53,564 | (49,589) | 3,975 | ||||
| Debt Administration and Collection and Home Owner Grant (includes special account) | 1 | 26 | | 26 | ||||
| Executive and Support Services | 47,946 | 80,003 | (31,700) | 48,303 | ||||
| TOTAL OPERATING EXPENSE | 50,694 | 133,593 | (81,289) | 52,304 | ||||
| CAPITAL EXPENDITURES | Net | Disbursements | Receipts | Net | ||||
| Core Business | ||||||||
| Debt Administration and Collection and Home Owner Grant | 760 | 760 | | 760 | ||||
| Executive and Support Services | 8,974 | 12,537 | | 12,537 | ||||
| TOTAL CAPITAL EXPENDITURES | 9,734 | 13,297 | | 13,297 | ||||
| LOANS, INVESTMENTS AND OTHER REQUIREMENTS | Net | Disbursements | Receipts | Net | ||||
| Core Business | ||||||||
| Tax Administration and Collection | 3,700 | 24,400 | (25,300) | (900) | ||||
| Debt Administration and Collection and Home Owner Grant (includes Special Account) | | 40 | (50) | (10) | ||||
| TOTAL LOANS, INVESTMENTS AND OTHER REQUIREMENTS | 3,700 | 24,440 | (25,350) | (910) | ||||
| REVENUE COLLECTED FOR, AND TRANSFERRED TO, OTHER ENTITIES | Net | Disbursements | Receipts | Net | ||||
| Core Business | ||||||||
| Tax Administration and Collection | | 914,700 | (914,700) | | ||||
| TOTAL REVENUE COLLECTED FOR, AND TRANSFERRED TO, OTHER ENTITIES. | | 914,700 | (914,700) | | ||||
| OPERATING EXPENSE BY CORE BUSINESS | ||||
| $000 | ||||
| Estimates 2003/04 |
Estimates 2004/05 |
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| VOTE 30 MINISTRY OPERATIONS | ||||
| 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. | ||||
| TAX ADMINISTRATION AND COLLECTION | ||||
| Voted Appropriation | ||||
| Tax Administration and Collection. | 2,747 | 3,975 | ||
| Voted Appropriation Description: This sub-vote provides for the administration and enforcement of various tax statutes and revenue and benefit programs that 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. | ||||
| DEBT ADMINISTRATION AND COLLECTION AND HOME OWNER GRANT | ||||
| Voted Appropriation | ||||
| Debt Administration and Collection and Home Owner Grant. | 1 | 1 | ||
| Statutory Appropriation | ||||
| Provincial Home Acquisition Wind Up Special Account | | 25 | ||
| 1 | 26 | |||
| Voted Appropriation 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 within the Consolidated Revenue Fund or deducted from collected proceeds. | ||||
| Statutory Appropriation Description: This statutory appropriation provides for the Provincial Home Acquisition Wind Up Special Account. | ||||
| EXECUTIVE AND SUPPORT SERVICES | ||||
| Voted Appropriations | ||||
| Minister's Office. | 430 | 430 | ||
| Corporate Services | 47,516 | 47,873 | ||
| 47,946 | 48,303 | |||
| 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. Costs are partially recovered from revenues administered by the ministry. | ||||
| VOTE 30 MINISTRY OPERATIONS | 50,694 | 52,279 | ||
| STATUTORY PROVINCIAL HOME ACQUISITION WIND UP SPECIAL ACCOUNT | | 25 | ||
| MINISTRY GROUP ACCOUNT CLASSIFICATION SUMMARY | ||||
| GROUP ACCOUNT CLASSIFICATION | ||||
| Salaries and Benefits | 62,865 | 74,870 | ||
| Operating Costs | 45,468 | 65,025 | ||
| Government Transfers | | 500 | ||
| Other Expenses | 6,424 | 8,449 | ||
| Internal Recoveries | (14,051) | (15,251) | ||
| External Recoveries | (50,012) | (81,289) | ||
| TOTAL OPERATING EXPENSE | 50,694 | 52,304 | ||
| SPECIAL ACCOUNT1 | ||||
| $000 | ||||
| PROVINCIAL HOME ACQUISITION WIND UP | ||||
| This account is established under the Special Appropriation and
Control Act effective April 1, 2004, for the purpose of providing for
expenditures for the winding up of the loan and financial assistance programs
under the Home Conversion and Leasehold Loan Act, the Home Mortgage
Assistance Act, the Home Purchase Assistance Act, the Homeowner
Interest Assistance Act and the Provincial Home Acquisition Act.
The latter Acts are repealed effective March 31, 2004. Revenue consists of interest on outstanding mortgage principal. Expenses include statutory rebates and other miscellaneous program costs. Receipts represent repayment of outstanding mortgage loan principal. Disbursements represent repurchased mortgage accounts and guarantee claims paid under the mortgage assistance programs. |
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| Estimates 2003/04 |
Estimates 2004/05 |
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| SPENDING AUTHORITY AVAILABLE AT THE BEGINNING OF THE FISCAL YEAR2 | | 15,000 | ||
| OPERATING TRANSACTIONS | ||||
| Revenue | | 25 | ||
| Expense | | (25) | ||
| Net Revenue (Expense) | | | ||
| FINANCING TRANSACTIONS | ||||
| Loans, Investments and Other Requirements | ||||
| Receipts | | 50 | ||
| Disbursements - Capital | | | ||
| Disbursements - Other | | (40) | ||
| Net Cash Source (Requirement) | | 10 | ||
| PROJECTED SPENDING AUTHORITY AVAILABLE AT THE END OF THE FISCAL YEAR2 | | 15,010 | ||
| 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 | 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 2003/04 |
Estimates 2004/05 |
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| TAX ADMINISTRATION AND COLLECTION | ||||
| 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. | ||||
| Receipts | 4,800 | 5,800 | ||
| Disbursements | 3,900 | 4,400 | ||
| Net Cash Source (Requirement) | 900 | 1,400 | ||
| LAND TAX DEFERMENT ACT Disbursements are made to local governments to reimburse them for property taxes of those property owners 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. | ||||
| Receipts | 14,000 | 19,500 | ||
| Disbursements | 18,600 | 20,000 | ||
| Net Cash Source (Requirement) | (4,600) | (500) | ||
| REVENUE COLLECTED FOR, AND TRANSFERRED TO, OTHER ENTITIES BY CORE BUSINESS | ||||
| $000 | ||||
| Estimates 2003/04 |
Estimates 2004/05 |
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| TAX ADMINISTRATION AND COLLECTION | ||||
| 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. | ||||
| Receipts | 8,000 | 7,900 | ||
| Disbursements | 8,000 | 7,900 | ||
| Net Cash Source (Requirement) | | | ||
| BUILD BC ACT (MOTOR FUEL AND SOCIAL SERVICE 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. | ||||
| Receipts | 418,300 | 425,300 | ||
| Disbursements | 418,300 | 425,300 | ||
| Net Cash Source (Requirement) | | | ||
| 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. | ||||
| Receipts | 260,600 | 260,000 | ||
| Disbursements | 260,600 | 260,000 | ||
| Net Cash Source (Requirement) | | | ||
| 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. | ||||
| Receipts | 190,000 | 195,000 | ||
| Disbursements | 190,000 | 195,000 | ||
| Net Cash Source (Requirement) | | | ||
| 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 ministry's voted appropriations. | ||||
| Receipts | 2,200 | 2,000 | ||
| Disbursements | 2,200 | 2,000 | ||
| Net Cash Source (Requirement) | | | ||
| 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. | ||||
| Receipts | 25,500 | 24,500 | ||
| Disbursements | 25,500 | 24,500 | ||
| Net Cash Source (Requirement) | | | ||
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