Report on Resources

The following table summarizes the budgeted and actual expenses for the ministry for fiscal 2004/05. Overall, the ministry is under spent by nearly $1.8 million. Variances are calculated as "Actual" minus "Total Estimated" = "Variance", so that overspending will be without brackets and underspending in brackets.

Most of the underspending in the Ministry of Finance relates to recruitment lag and not filling vacant positions. The equivalent of 42 full time equivalent positions were vacant at some point during the year.

2004/05 Resource Summary

Core Business Areas	Estimated	Other Authorizations	Total Estimated	Actual	Variance (Actual minus Total Estimated)
Operating Expense
Ministry Operations — Vote 22
Financial and Economic Performance and Analysis	5,946,000		5,946,000	5,414,646	(531,354)
Financial Governance, Accounting and Reporting	6,313,000		6,313,000	5,645,208	(667,792)
Treasury	1,000		1,000	0	(1,000)
Financial and Corporate Sector Services	4,236,000		4,236,000	5,544,723	1,308,723
Public Sector Employer's Council (Vote 23)	14,693,000		14,693,000	14,430,978	(262,022)
Executive and Support Services	14,801,000		14,801,000	13,159,068	(1,641,932)
TOTAL Vote 22 and Vote 23	45,990,000		45,990,000	44,194,623	(1,795,377)
Full Time Equivalents (Direct FTEs)
Financial and Economic Performance and Analysis	63		63	50	(14)
Financial Governance, Accounting and Reporting	117		117	101	(16)
Treasury	74		74	64	(10)
Financial and Corporate Sector Services	148		148	142	(6)
Public Sector Employer's Council	13		13	12	(1)
Executive and Support Services	99		99	103	4
TOTAL Vote 22 and Vote 23	514		514	472	(42)
Capital Expenditures
Ministry Capital — Vote 22
Financial and Economic Performance and Analysis	45,000		45,000	0	(45,000)
Financial Governance, Accounting and Reporting	215,000		215,000	156,621	(58,379)
Treasury	2,032,000		2,032,000	1,508,975	(523,025)
Financial and Corporate Sector Services	2,301,000		2,301,000	2,129,109	(171,891)
Public Sector Employer's Council (Vote 23)	98,000		98,000	31,069	(66,931)
Executive and Support Services	830,000		830,000	8,725	(821,275)
Total Vote 22 and Vote 23	5,521,000		5,521,000	3,834,499	(1,686,501)

Insurance and Risk Management (IRMA)	Estimated	Other Authorizations	Total Estimated	Actual	Variance (Actual minus Total Estimated)
Operating Expenses	0		0	(76,308)	(76,308)
FTEs	43		43	44	1
Capital Expenditures	725,000		725,000	40,000	(685,000)