Ministry of Training, Colleges and Universities - THE ESTIMATES, 2007-08 - Summary

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Ministry of Training, Colleges and Universities - THE ESTIMATES, 2007-08 - Summary

The Ministry of Training, Colleges and Universities is committed to developing the best workforce in North America to ensure a competitive advantage in the knowledge economy by creating accessible, affordable and high quality learning opportunities and systems with enhanced accountability.

MINISTRY PROGRAM SUMMARY
($)
VOTE PROGRAM

Estimates
2007-08

Estimates
2006-07

Difference
Between
2007-08
and
2006-07

Actual
2005-06

  OPERATING EXPENSE        
3001   Ministry Administration Program 14,062,000 10,914,500 3,147,500 10,352,113
3002   Postsecondary Education Program 4,870,985,500 4,555,423,000 315,562,500 4,238,499,166
3003   Employment Ontario Program 962,167,400 621,565,600 340,601,800 359,218,155
   Less: Special Warrants 1,865,600,000 - 1,865,600,000 -
  TOTAL OPERATING EXPENSE TO BE VOTED 3,981,614,900 5,187,903,100 (1,206,288,200) 4,608,069,434
   Special Warrants 1,865,600,000 - 1,865,600,000 -
Statutory Appropriations 41,750,699 44,518,244 (2,767,545) 51,101,320
  Ministry Total Operating Expense 5,888,965,599 5,232,421,344 656,544,255 4,659,170,754
   Net Consolidation Adjustment - Schools (49,600,000) (34,600,000) (15,000,000) (24,200,000)
   Net Consolidation and Other Adjustments - Colleges (213,393,300) (149,482,000) (63,911,300) (178,163,067)
  Total Including Consolidation & Other Adjustments 5,625,972,299 5,048,339,344 577,632,955 4,456,807,687
           
  OPERATING ASSETS        
3002   Postsecondary Education Program 283,348,800 264,479,200 18,869,600 247,900,029
3003   Employment Ontario Program 14,425,000 14,425,000 - 12,056,700
   Less: Special Warrants 43,000,000 - 43,000,000 -
  TOTAL OPERATING ASSETS TO BE VOTED 254,773,800 278,904,200 (24,130,400) 259,956,729
   Special Warrants 43,000,000 - 43,000,000 -
  Ministry Total Operating Assets 297,773,800 278,904,200 18,869,600 259,956,729
           
  CAPITAL EXPENSE        
3002   Postsecondary Education Program 162,529,400 65,200,000 97,329,400 122,815,200
3003   Employment Ontario Program 25,000,000 - 25,000,000 10,041,886
   Less: Special Warrants 56,000,000 - 56,000,000 -
  TOTAL CAPITAL EXPENSE TO BE VOTED 131,529,400 65,200,000 66,329,400 132,857,086
   Special Warrants 56,000,000 - 56,000,000 -
  Ministry Total Capital Expense 187,529,400 65,200,000 122,329,400 132,857,086
   Net Consolidation Adjustment - Colleges 41,878,300 112,059,000 (70,180,700) 99,781,101
  Total Including Consolidation & Other Adjustments 229,407,700 177,259,000 52,148,700 232,638,187
           
  Ministry Total Operating and Capital Including Consolidation and Other Adjustments (not including Assets) 5,855,379,999 5,225,598,344 629,781,655 4,689,445,874

RECONCILIATION TO PREVIOUSLY PUBLISHED DATA