Ministry of Training, Colleges and Universities - THE ESTIMATES, 2006-07

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POSTSECONDARY EDUCATION PROGRAM - VOTE 3002

The program provides policy and program direction and financial support to postsecondary institutions and students in Ontario in support of the government's social and economic policy objectives with the goal of providing opportunities for excellent, accountable, relevant and accessible postsecondary education.

Key components of the program include operation of the Ontario Student Assistance Program; administering transfer payments to colleges and universities; developing policies and programs related to funding, governance, and colleges and universities; regulating the colleges and private career colleges in accordance with applicable statutes; and administering the Post-secondary Education Choice and Excellence Act pertaining to degree granting activities and the Postsecondary Education Quality Assessment Board.

VOTE SUMMARY
($)
ITEM # ITEM

Estimates
2006-07

Estimates
2005-06

Difference
Between
2006-07
and
2005-06

Actual
2004-05

  OPERATING EXPENSE        
1 Colleges and Universities 4,047,230,500 3,759,539,600 287,690,900 3,459,100,726
2 Student Support 508,192,500 481,837,800 26,354,700 326,688,331
  TOTAL OPERATING EXPENSE TO BE VOTED 4,555,423,000 4,241,377,400 314,045,600 3,785,789,057
Statutory Bad Debt Expenses for Student Loans, the Financial Administration Act 44,320,000 60,130,000 (15,810,000) 58,556,299
  Total Statutory Appropriations 44,320,000 60,130,000 (15,810,000) 58,556,299
  Total Operating Expense 4,599,743,000 4,301,507,400 298,235,600 3,844,345,356
  OPERATING ASSETS        
4 Colleges and Universities 194,379,200 176,502,900 17,876,300 175,028,111
5 Student Support 70,100,000 95,000,000 (24,900,000) 72,037,898
  TOTAL OPERATING ASSETS TO BE VOTED 264,479,200 271,502,900 (7,023,700) 247,066,009
  Total Operating Assets 264,479,200 271,502,900 (7,023,700) 247,066,009
  CAPITAL EXPENSE        
3 Support for Postsecondary Education 40,000,000 120,815,200 (80,815,200) 397,261,000
  TOTAL CAPITAL EXPENSE TO BE VOTED 40,000,000 120,815,200 (80,815,200) 397,261,000
  Total Capital Expense 40,000,000 120,815,200 (80,815,200) 397,261,000



Standard Account by Item and Sub-items
($)
VOTE -ITEM
#
STANDARD ACCOUNT BY ITEM AND SUB-ITEMS      
  OPERATING EXPENSE      
3002-1 Colleges and Universities      
  Salaries and wages     10,325,500
  Employee benefits     1,197,300
  Transportation and communication     326,500
  Services     6,099,700
  Supplies and equipment     180,800
  Transfer payments      
     Grants for College Operating Costs   911,461,900  
     Grants for University Operating Costs   2,464,494,600  
     Grants for Health Human Resources Development   129,900,000  
     Grants to Compensate for Municipal Taxation   41,200,000  
     Council of Ministers of Education, Canada   233,600  
     Miscellaneous Grants   20,100  
     Reporting Entities Project   1,090,500  
     Postsecondary Transformation   480,900,000 4,029,300,700
  Subtotal     4,047,430,500
  Less: Recoveries     200,000
  Total Operating Expense to be Voted     4,047,230,500
3002-2 Student Support      
  Salaries and wages     5,218,200
  Employee benefits     794,700
  Transportation and communication     1,252,800
  Services     7,634,800
  Supplies and equipment     2,684,800
  Transfer payments      
     Student Support Programs   439,404,200  
     Ontario/Quebec Exchange Fellowships   89,000  
     Second Language programs   1,114,000  
     Ontario Trust for Student Support   50,000,000 490,607,200
  Total Operating Expense to be Voted     508,192,500
  Statutory Appropriations      
  Other transactions      
Statutory    Bad Debt Expenses for Student Loans, the Financial Administration Act     44,320,000
  Total Operating Expense for Postsecondary Education Program     4,599,743,000
  OPERATING ASSETS      
3002-4 Colleges and Universities      
  Deposits and prepaid expenses      
     Grants for Colleges   3,561,000  
     Grants for Universities   190,818,200 194,379,200
  Total Operating Assets to be Voted     194,379,200
3002-5 Student Support      
  Loans and Investments     70,100,000
  Total Operating Assets to be Voted     70,100,000
  Total Operating Assets for Postsecondary Education Program     264,479,200
  CAPITAL EXPENSE      
3002-3 Support for Postsecondary Education      
  Transfer payments      
     Capital Grants - Colleges   13,333,300  
     Capital Grants - Universities   26,666,700 40,000,000
  Total Capital Expense to be Voted     40,000,000
  Total Capital Expense for Postsecondary Education Program     40,000,000