Ministry of Enterprise, Opportunity and Innovation - Summary

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The Expenditure Estimates are available in PDF and HTML versions. The PDF version is a format reflecting the true printed version. The HTML version is an accessible format.

MINISTRY OF ENTERPRISE, OPPORTUNITY AND INNOVATION

The mandate of the Ministry of Enterprise, Opportunity and Innovation is to foster competitive businesses and a prosperous
economy in Ontario. Through this mandate, the Ministry promotes innovation, economic growth and job creation.

MINISTRY OF ENTERPRISE, OPPORTUNITY AND INNOVATION - Summary

Accrual 2003-04 Estimates PROGRAMS Cash 2002-03 Estimates Cash 2001-02 Actual
$   $ $
OPERATING      
14,180,612 Ministry Administration Program1 14,180,629 12,925,278
294,111,000 Enterprise, Opportunity and Innovation Program2,3,4,5,6 250,110,500 216,147,375
308,515,612 Ministry Total Operating 264,291,129 229,072,653
133,300,000 Less: Special Warrants 86,100,000 -
65,612 Less: Statutory Appropriations 62,729 45,477
175,150,000 < TOTAL OPERATING TO BE VOTED 178,128,400 229,027,176
308,515,612 Ministry Total Operating    
308,515,612 TOTAL INCLUDING CONSOLIDATION AND OTHER ADJUSTMENTS    
Assets      
13,352,100 Enterprise, Opportunity and Innovation Program - -
13,352,100 Ministry Total Assets - -
6,700,000 Less: Special Warrants - -
6,652,100 < TOTAL ASSETS TO BE VOTED - -

NOTE: Commencing in 2003-04, Estimates are presented on the accrual basis of accounting. Information for 2002-03 and earlier years is presented on the modified cash basis, and therefore comparison between 2003-04 and earlier year figures may not be meaningful. Differences between cash and accrual relate to adjustments such as timing of transfer payments and provisions for bad debts, that would increase or decrease the 2002-03 amounts had they been presented on the accrual basis.

Adjustments for this Ministry, if any, are indicated by superscripted references above and are explained on the page following the Ministry Summary - Reconciliation of 2002-03 Estimates from Cash to Accrual.

RECONCILIATION TO PREVIOUSLY PUBLISHED DATA

DETAILS Cash 2002-03 Estimates Cash 2001-02 Actual
OPERATING $ $
1. Previously Published Data    
1.1 2002-03 Printed Estimates 263,665,729  
1.2 2001-02 Public Accounts   95,728,894
2. Government Reorganization    
2.1 Transfer of functions from other Ministries 625,400 133,671,459
2.2 Transfer of functions to other Ministries   (327,700)
  264,291,129 229,072,653

RECONCILIATION OF 2002-03 ESTIMATES FROM CASH TO ACCRUAL

VOTE and item   Cash 2002-03 Estimates Adjustments from Cash to Accrual Estimates Presented as Accrual Estimates on Accrual Basis Change from 2002-03 Estimates on Accrual Basis
  OPERATING $ millions $ millions $ millions $ millions $ millions
901 Ministry Administration Program          
1 Ministry Administration1 14.1 (0.3) 13.8 14.3 0.5
S Minister’s Salary, the Executive Council Act - - - - -
S Minister without Portfolio Salary, the Executive Council Act - - - - -
S Parliamentary Assistant’s Salary, the Executive Council Act - - - - -
S Bad Debt Expense, the Financial Administration Act - - - - -
    14.2 (0.3) 13.9 14.4 0.5
902 Enterprise, Opportunity and Innovation Program          
1 Competitiveness and Business Development2 31.5 (0.2) 31.4 31.3 -
2 Investment3 27.7 (0.3) 27.4 27.6 0.2
3 Trade and International Relations4 23.5 (0.3) 23.2 23.7 0.5
4 Field and Entrepreneurship Services5 11.2 (0.2) 11.0 11.0 -
5 Science and Technology Development6 153.8 (0.2) 153.6 198.2 44.6
6 The Ontario Development Corporation 2.5 - 2.5 2.3 (0.2)
    250.1 (1.1) 249.0 294.1 45.1
  Ministry Total Operating 264.3 (1.4) 262.9 308.5 45.6

Note: Amounts are rounded to the nearest one hundred thousand dollars and amounts less than fifty thousand dollars are shown as zero. Totals may not add due to this rounding.

Adjustments from Cash to Accrual - Commencing in 2003-04, Estimates are prepared on the accrual basis of accounting. Information for 2002-03 and earlier years was prepared in the Estimates on the modified-cash basis. Information is provided in the following notes on the adjustments that increase or decrease the 2002-03 amounts to present them on the accrual basis in this reconciliation. The accrual presentation of the 2002-03 Estimates is not an official restatement; it is an approximation reflecting only the significant accrual adjustments as required to allow for a comparison between the 2003-04 and the 2002-03 Estimates on a consistent basis of accounting. (Note: adjustments of less than $0.05 million are not shown)

$ millions
1.
(0.3)
adjustment to remove the pension costs related to ministry employees because, commencing in 2003-04, the cost to the Province of all pension benefits earned by employees is reflected in the Estimates for Management Board Secretariat
2.
(0.4)
adjustment to remove the pension costs related to ministry employees because, commencing in 2003-04, the cost to the Province of all pension benefits earned by employees is reflected in the Estimates for Management Board Secretariat
  0.3 transfer payment adjustments for differences between when funds are flowed to transfer payment recipients (cash basis) and when the recipients fulfill their obligations under the transfer payment program (accrual basis)
3.
(0.3)
adjustment to remove the pension costs related to ministry employees because, commencing in 2003-04, the cost to the Province of all pension benefits earned by employees is reflected in the Estimates for Management Board Secretariat
4.
(0.3)
adjustment to remove the pension costs related to ministry employees because, commencing in 2003-04, the cost to the Province of all pension benefits earned by employees is reflected in the Estimates for Management Board Secretariat
5.
(0.2)
adjustment to remove the pension costs related to ministry employees because, commencing in 2003-04, the cost to the Province of all pension benefits earned by employees is reflected in the Estimates for Management Board Secretariat
6.
(0.2)
adjustment to remove the pension costs related to ministry employees because, commencing in 2003-04, the cost to the Province of all pension benefits earned by employees is reflected in the Estimates for Management Board Secretariat
(1.4)
<< Total Adjustments

MINISTRY OF ENTERPRISE, OPPORTUNITY AND INNOVATION - Capital Summary

Accrual 2003-04 Estimates PROGRAMS Cash 2002-03 Estimates Cash 2001-02 Actual
$   $ $
CAPITAL      
45,558,500 Enterprise, Opportunity and Innovation ProgramA 40,184,000 18,625,953
45,558,500 Ministry Total Capital 40,184,000 18,625,953
22,800,000 Less: Special Warrants 6,500,000 -
22,758,500 < TOTAL CAPITAL TO BE VOTED 33,684,000 18,625,953
45,558,500 Ministry Total Capital    
45,558,500 TOTAL INCLUDING CONSOLIDATION AND OTHER ADJUSTMENTS    

RECONCILIATION TO PREVIOUSLY PUBLISHED DATA

DETAILS Cash 2002-03 Estimates Cash 2001-02 Actual
CAPITAL $ $
1. Previously Published Data    
1.1 2002-03 Printed Estimates 40,184,000  
2. Government Reorganization    
2.1 Transfer of functions from other Ministries   18,625,953
  40,184,000 18,625,953

RECONCILIATION OF 2002-03 ESTIMATES FROM CASH TO ACCRUAL

VOTE and item   Cash 2002-03 Estimates Adjustments from Cash to Accrual 2002-03 Estimates Presented as Accrual 2003-04 Estimates on Accrual Basis Change from 2002-03 Estimates on Accrual Basis
  CAPITAL $ millions $ millions $ millions $ millions $ millions
902 Enterprise, Opportunity and Innovation Program          
7 Research and DevelopmentA 40.2 (0.9) 39.3 45.6 6.2
    40.2 (0.9) 39.3 45.6 6.2
  Ministry Total Capital 40.2 (0.9) 39.3 45.6 6.2

Note: Amounts are rounded to the nearest one hundred thousand dollars and amounts less than fifty thousand dollars are shown as zero. Totals may not add due to this rounding.

Adjustments from Cash to Accrual - Commencing in 2003-04, Estimates are prepared on the accrual basis of accounting. Information for 2002-03 and earlier years was prepared in the Estimates on the modified-cash basis. Information is provided in the following notes on the adjustments that increase or decrease the 2002-03 amounts to present them on the accrual basis in this reconciliation. The accrual presentation of the 2002-03 Estimates is not an official restatement; it is an approximation reflecting only the significant accrual adjustments as required to allow for a comparison between the 2003-04 and the 2002-03 Estimates on a consistent basis of accounting. (Note: adjustments of less than $0.05 million are not shown)

$ millions
A.
(0.9)
transfer payment adjustment to remove payments (cash basis), which on the accrual basis would have been
reflected in the expenses of a previous fiscal year
(0.9)
<< Total Adjustments