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Budget 2005
CONTENTS
• Message from the Minister and Accountability Statement  
• Message from the Minister of State for Mining and Accountability Statement  
• Ministry Overview and Core Business Areas  
• Resource Summary  
• Vision, Mission and Values  
• Goals, Objectives, Strategies and Results  
• Related Initiatives and Planning Processes  
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Ministry of
Energy and Mines		  

Budget 2005 Home
  
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Resource Summary

Core Business Areas 2004/05 Restated Estimates1 2005/06 Estimates 2006/07 Plan 2007/08 Plan
Operating Expenses ($000)
Oil and Gas 15,170 11,9372 9,4872 9,487
Offshore Oil and Gas 5,800 5,752 5,752 5,752
Mining and Minerals 7,868 13,2823 13,282 13,282
Electricity and Alternative Energy 1,134 1,333 1,333 1,333
Executive and Support Services 4,353 10,9114 10,941 8,231
Contracts and Funding Arrangements5 28,560 33,560 35,560 35,560
  Total 62,885 76,775 76,355 73,645
Full-time Equivalents (Direct FTEs)
Oil and Gas 78 79 79 79
Offshore Oil and Gas 12 12 12 12
Mining and Minerals 93 111 111 111
Electricity and Alternative Energy 12 12 12 12
Executive and Support Services 47 54 54 54
  Total 242 268 268 268
Ministry Capital Expenditures (Energy and Mines) ($000)
Oil and Gas 471 275 575 175
Mining and Minerals 1,026 865 550 550
Executive and Support Services 310 310 256 207
  Total 1,807 1,450 1,381 932
Other Financing Transactions ($000)
Columbia Basin Accord        
   Receipts 0 0 0 0
   Disbursements 50,000 50,0006 0 0
   Net Cash Source
   (Requirements)		 (50,000) (50,000) 0 0
Oil and Gas Commission Act        
   Receipts 24,600 25,690 26,418 26,726
   Disbursements 24,600 25,690 26,418 26,726
   Net Cash Source
   (Requirements)		 0 0 0 0
Total Net Cash Source
  (Requirements)		 (50,000) (50,000) 0 0
1  These amounts have been restated, for comparative purposes only, to be consistent with the presentation of the 2005/06 Estimates. Schedule A of the 2005/06 Estimates, presents a detailed reconciliation.
2  Budget reduction represents completion of specific projects.
3  Budget increase represents new expenditures for geoscience, health and safety and to meet increased levels of activity in the mining and mineral sector.
4  Budget increase represents new expenditures for Community Engagement Strategy and for Treaty 8 negotiations.
5  Contracts and Funding Arrangements includes: An annual payment for three years to reflect the province's obligations under the Vancouver Island Gas Pipeline Agreement; revenue sharing agreements; and expenditures associated with the Columbia Basin Trust.
6  2006 is the last year that the Province is required to provide $50 M under the Columbia Basin Accord as an investment in Columbia Power Corporation and the Columbia Basin Trust. This money is to finance power projects on a joint venture basis.
     
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