 |
|
|
2004/05 – 2006/07 SERVICE PLAN
Ministry of Advanced Education
Resource Summary
| Core Businesses |
2003/04 Restated Estimates1 |
2004/05 Estimates |
2005/06 Plan |
2006/07 Plan |
| Operating Expenses ($000) |
| Educational Institutions and Organizations |
1,400,647 |
1,419,138 |
1,431,665 |
1,457,791 |
| Industry Training and Apprenticeship |
73,781 |
77,281 |
76,981 |
76,981 |
| Student Financial Assistance Programs |
165,429 |
136,291 |
137,369 |
161,456 |
| Debt Service Costs and Amortization of Prepaid
Capital Advances |
236,500 |
246,750 |
263,445 |
288,232 |
| Executive and Support Services |
22,492 |
19,389 |
19,389 |
19,389 |
| Total |
1,898,849 |
1,898,849 |
1,928,849 |
2,003,849 |
| Full-time Equivalents
(FTEs) |
| Total |
236 |
217 |
217 |
217 |
| Ministry Capital Expenditures
(Consolidated Revenue Fund) ($000) |
| Educational Institutions and Organizations |
— |
— |
— |
— |
| Industry Training and Apprenticeship |
— |
— |
— |
— |
| Student Financial Assistance Programs |
— |
— |
— |
— |
| Debt Service Costs and Amortization of Prepaid
Capital Advances |
— |
— |
— |
— |
| Executive and Support Services |
2,380 |
4,105 |
2,455 |
2,455 |
| Total |
2,380 |
4,105 |
2,455 |
2,455 |
| Consolidated Capital
Plan Expenditures (CCP) ($000) |
| Prepaid Capital Advances — Funds are
provided to public post-secondary institutions for approved
capital costs of new buildings, renovations and improvements
and capital leases |
212,410 |
215,400 |
210,000 |
240,000 |
| Other Financing Transactions
($000) |
| Student Financial Assistance Programs —
BC Student Loan Program — Loan repayments (receipts)
and new loans |
|
|
|
|
| Receipts |
8,989 |
13,600 |
20,800 |
30,500 |
| Disbursements |
208,545 |
279,400 |
345,600 |
384,700 |
| Total Net Cash Source (Requirements) |
(199,556) |
(265,800) |
(324,800) |
(354,200) |
The Budget Transparency and Accountability Act requires
provincial budgets and financial statements to comply fully with
generally accepted accounting principles (GAAP) by fiscal year 2004/05.
Full compliance with GAAP requires the consolidation of the Colleges,
University Colleges, Institutes and Universities (public post secondary
institutions) into the government reporting entity. Fully consolidating
the post secondary institutions will bring all of their assets,
liabilities, revenues and expenses into the government's budgets
and financial reports.
There will be some changes in ministry and post secondary organization
financial administration since inclusion of these organizations
in government budgets and financial reports will require closer
coordination of financial processes and timelines.
Post Secondary Institutions — 2003/04 – 2006/07
Forecast Amounts
| ($ thousands) |
Forecast 2003/04 |
Budget Estimate 2004/05 |
Plan 2005/06 |
Plan 2006/07 |
| Total Revenue |
3,205,000 |
3,269,000 |
3,370,000 |
3,453,000 |
| Total Expense |
3,179,000 |
3,260,000 |
3,365,000 |
3,457,000 |
| Operating Results |
26,000 |
9,000 |
5,000 |
(4,000) |
| Net Results |
26,000 |
9,000 |
5,000 |
(4,000) |
|
|
