Ministry of Finance - THE ESTIMATES, 2009-10 - Summary

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Ministry of Finance - THE ESTIMATES, 2009-10 - Summary

The Ontario Ministry of Finance manages the economic, fiscal, and financial policies of the Government of Ontario. To do this, the Ministry develops economic and fiscal strategies, plans and manages government operating and capital expenditures, develops tax policies, produces the provincial budget, and supports Treasury Board and Management Board of Cabinet. The Ministry also manages the Consolidated Revenue Fund, including raising money, establishing the government's financial controls, and reports on financial matters. In addition, the Ministry oversees the government's Internal Audit function, develops policies for Ontario's financial services sector and supports the regulation of institutions and intermediaries carrying on business in the province.

MINISTRY PROGRAM SUMMARY
($)
VOTE PROGRAM

Estimates
2009-10

Estimates
2008-09

Difference
Between
2009-10
and
2008-09

Actual
2007-08

  OPERATING EXPENSE        
1201   Ministry Administration Program 102,971,200 134,986,200 (32,015,000) 121,248,240
1202   Tax Policy and Budget Program 16,752,000 42,054,100 (25,302,100) 13,510,061
1203   Economic, Fiscal, and Financial Policy Program 4,624,159,600 1,964,646,500 2,659,513,100 1,478,850,281
1204   Financial Services Industry Regulation Program 4,451,000 8,401,000 (3,950,000) 1,443,481
-   Results Office - - - 3,050,552
  TOTAL OPERATING EXPENSE TO BE VOTED 4,748,333,800 2,150,087,800 2,598,246,000 1,618,102,615
Statutory Appropriations        
   Treasury Program 8,475,243,400 7,803,600,000 671,643,400 7,780,237,545
   Other Statutory Appropriations 67,014 67,014 - 64,014
  Ministry Total Operating Expense 13,223,644,214 9,953,754,814 3,269,889,400 9,398,404,174
   Net Consolidation Adjustment - Ontario Financing Authority 17,410,000 17,569,200 (159,200) 14,146,000
   Net Consolidation Adjustment - Ontario Securities Commission 87,564,000 86,484,000 1,080,000 69,172,235
   Net Consolidation Adjustment - Ontario Electricity Financial Corporation 720,000,000 501,000,000 219,000,000 568,249,292
   Net Consolidation Adjustment - Treasury Program 825,740,500 1,087,400,000 (261,659,500) 1,133,709,982
   Net Consolidation Adjustment - Hospitals (10,000,000) (20,000,000) 10,000,000 (8,692,741)
   Consolidation and Other Adjustments - - - 27,896,313
   Other Adjustments - Financial Services Commission of Ontario 58,800,100 - 58,800,100 -
  Total Including Consolidation & Other Adjustments 14,923,158,814 11,626,208,014 3,296,950,800 11,202,885,255
           
  OPERATING ASSETS        
1203   Economic, Fiscal, and Financial Policy Program 1,000 1,000 - -
1204   Financial Services Industry Regulation Program 1,000 - 1,000 -
  TOTAL OPERATING ASSETS TO BE VOTED 2,000 1,000 1,000 -
  Ministry Total Operating Assets 2,000 1,000 1,000 -
           
  CAPITAL EXPENSE        
1201   Ministry Administration Program 1,000 - 1,000 -
1203   Economic, Fiscal, and Financial Policy Program 1,000 - 1,000 -
1204   Financial Services Industry Regulation Program 1,000 - 1,000 -
1208   Investing in Ontario Program 1,000 1,000 - 1,148,985,655
  TOTAL CAPITAL EXPENSE TO BE VOTED 4,000 1,000 3,000 1,148,985,655
Statutory Appropriations 372,000 - 372,000 -
  Ministry Total Capital Expense 376,000 1,000 375,000 1,148,985,655
   Net Consolidation Adjustment - Ontario Financing Authority 1,200,000 1,470,000 (270,000) 921,000
   Net Consolidation Adjustment - Ontario Securities Commission 2,816,000 1,964,000 852,000 1,483,000
  Total Including Consolidation & Other Adjustments 4,392,000 3,435,000 957,000 1,151,389,655
           
  CAPITAL ASSETS        
1201   Ministry Administration Program 6,151,000 - 6,151,000 -
1203   Economic, Fiscal, and Financial Policy Program 18,000 - 18,000 -
1204   Financial Services Industry Regulation Program 550,000 - 550,000 -
  TOTAL CAPITAL ASSETS TO BE VOTED 6,719,000 - 6,719,000 -
  Ministry Total Capital Assets 6,719,000 - 6,719,000 -
           
  Ministry Total Operating and Capital Including Consolidation and Other Adjustments (not including Assets) 14,927,550,814 11,629,643,014 3,297,907,800 12,354,274,910

RECONCILIATION TO PREVIOUSLY PUBLISHED DATA