ECONOMIC, FISCAL, AND FINANCIAL POLICY PROGRAM - VOTE 1203

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ECONOMIC, FISCAL, AND FINANCIAL POLICY PROGRAM - VOTE 1203

This program develops and implements sound economic and fiscal strategies to stimulate economic growth and job creation; forecasts, monitors and reports on the performance of the Ontario economy; provides expertise and policy advice on sound economic design of government initiatives; develops demographic forecasts for Ontario; develops the policy and legislative framework for Ontario's financial services industry; develops and implements a fiscal and financial management framework for the public sector in Ontario; assists the Minister of Finance and the Government in formulating Ontario's federal-provincial finance policy; develops, monitors and reports on the fiscal plan and results for the province; provides policy advice to clients, managers, and decision makers in the areas of accounting, fiscal and financial management; and fosters greater accountability and fiscal integrity in the public sector in Ontario. The program advises on assessment and property tax policy, grants to municipalities, and education tax rates. It also monitors the fiscal and financial relationship between the province and the municipalities, including providing transfer payments to municipalities.

The Treasury Board Office coordinates fiscal strategy, risk assessment and internal audit services for the Ontario Public Service, and supports Treasury Board and Management Board of Cabinet by providing advice on the appropriate use of public resources to meet government priorities. The program also facilitates integrated supply chain and back-office leading practices in Ontario's broader public sector. It also reflects the transfer of dedicated electricity earnings from the Province to the Ontario Electricity Financial Corporation.

VOTE SUMMARY
($)
ITEM # ITEM

Estimates
2009-10

Estimates
2008-09

Difference
Between
2009-10
and
2008-09

Actual
2007-08

  OPERATING EXPENSE  
1 Economic Policy 9,569,300 9,443,300 126,000 7,731,594
5 Provincial-Local Finance 31,346,500 32,258,600 (912,100) 18,835,477
6 Municipal Support Programs 935,641,100 951,301,800 (15,660,700) 935,594,498
8 Treasury Board Office 140,872,000 135,502,200 5,369,800 90,775,546
9 Ontario Internal Audit 5,730,700 6,140,600 (409,900) 3,913,166
10 Contingency Fund 3,210,000,000 420,000,000 2,790,000,000 -
12 Ontario Electricity Financial Corporation Dedicated Electricity Earnings 291,000,000 410,000,000 (119,000,000) 422,000,000
  TOTAL OPERATING EXPENSE TO BE VOTED 4,624,159,600 1,964,646,500 2,659,513,100 1,478,850,281
Statutory Guarantees and Indemnities, the Financial Administration Act 1,000 1,000 - -
  Total Statutory Appropriations 1,000 1,000 - -
  Total Operating Expense 4,624,160,600 1,964,647,500 2,659,513,100 1,478,850,281
  OPERATING ASSETS        
11 Broader Public Sector Supply Chain Secretariat 1,000 1,000 - -
  TOTAL OPERATING ASSETS TO BE VOTED 1,000 1,000 - -
  Total Operating Assets 1,000 1,000 - -
  CAPITAL EXPENSE        
14 Economic, Fiscal, and Financial Policy Program 1,000 - 1,000 -
  TOTAL CAPITAL EXPENSE TO BE VOTED 1,000 - 1,000 -
Statutory Amortization, the Financial Administration Act 1,000 - 1,000 -
  Total Statutory Appropriations 1,000 - 1,000 -
  Total Capital Expense 2,000 - 2,000 -
  CAPITAL ASSETS        
13 Economic, Fiscal and Financial Policy Program 18,000 - 18,000 -
  TOTAL CAPITAL ASSETS TO BE VOTED 18,000 - 18,000 -
  Total Capital Assets 18,000 - 18,000 -



Standard Account by Item and Sub-items
($)
VOTE -ITEM
#
STANDARD ACCOUNT BY ITEM AND SUB-ITEMS      
  OPERATING EXPENSE  
1203-1 Economic Policy      
  Salaries and wages     7,145,200
  Employee benefits     626,700
  Transportation and communication     183,600
  Services     304,500
  Supplies and equipment     99,800
  Transfer payments      
     Grants in support of Economic and Financial Services Policy Research     1,325,800
  Subtotal     9,685,600
  Less: Recoveries     116,300
  Total Operating Expense to be Voted     9,569,300
1203-5 Provincial-Local Finance      
  Salaries and wages     5,333,200
  Employee benefits     559,100
  Transportation and communication     223,000
  Services     25,116,200
  Supplies and equipment     115,000
  Total Operating Expense to be Voted     31,346,500
1203-6 Municipal Support Programs      
  Transfer payments      
     Ontario Municipal Partnership Fund   782,862,900  
     Special Payments to Municipalities   16,122,400  
     One-time Municipal Assistance   17,155,800  
     Greater Toronto Area Pooling Compensation   119,500,000 935,641,100
  Total Operating Expense to be Voted     935,641,100
1203-8 Treasury Board Office      
  Salaries and wages     21,506,000
  Employee benefits     2,859,300
  Transportation and communication     2,045,400
  Services     53,227,400
  Supplies and equipment     1,133,900
  Transfer payments      
     Supply Chain Management Project for the Broader Public Sector   49,000,000  
     Partnerships with the Broader Public Sector   11,100,000 60,100,000
  Total Operating Expense to be Voted     140,872,000
  Sub-Items:      
  Fiscal Strategy and Coordination      
  Salaries and wages   10,593,400  
  Employee benefits   1,388,900  
  Transportation and communication   970,400  
  Services   3,370,000  
  Supplies and equipment   308,900 16,631,600
  Office of the Provincial Controller      
  Salaries and wages   6,772,600  
  Employee benefits   880,400  
  Transportation and communication   525,000  
  Services   31,687,400  
  Supplies and equipment   275,000 40,140,400
  Broader Public Sector Supply Chain Secretariat      
  Salaries and wages   4,140,000  
  Employee benefits   590,000  
  Transportation and communication   550,000  
  Services   18,170,000  
  Supplies and equipment   550,000  
  Transfer payments      
     Supply Chain Management Project for the Broader Public Sector 49,000,000    
     Partnerships with the Broader Public Sector 11,100,000 60,100,000 84,100,000
  Total Operating Expense to be Voted     140,872,000
1203-9 Ontario Internal Audit      
  Salaries and wages     20,134,800
  Employee benefits     2,310,100
  Transportation and communication     612,300
  Services     1,700,900
  Supplies and equipment     448,100
  Subtotal     25,206,200
  Less: Recoveries     19,475,500
  Total Operating Expense to be Voted     5,730,700
1203-10 Contingency Fund      
  Other transactions     3,210,000,000
  Total Operating Expense to be Voted     3,210,000,000
1203-12 Ontario Electricity Financial Corporation Dedicated Electricity Earnings      
  Transfer payments      
     Electricity Sector Dedicated Income     291,000,000
  Total Operating Expense to be Voted     291,000,000
  Statutory Appropriations      
  Other transactions      
Statutory    Guarantees and Indemnities, the Financial Administration Act     1,000
  Total Operating Expense for Economic, Fiscal, and Financial Policy Program     4,624,160,600
  OPERATING ASSETS      
1203-11 Broader Public Sector Supply Chain Secretariat      
  Deposits and prepaid expenses     1,000
  Total Operating Assets to be Voted     1,000
  Total Operating Assets for Economic, Fiscal, and Financial Policy Program     1,000
  CAPITAL EXPENSE      
1203-14 Economic, Fiscal, and Financial Policy Program      
  Other transactions     1,000
  Total Capital Expense to be Voted     1,000
  Statutory Appropriations      
  Other transactions      
Statutory    Amortization, the Financial Administration Act     1,000
  Total Capital Expense for Economic, Fiscal, and Financial Policy Program     2,000
  CAPITAL ASSETS      
1203-13 Economic, Fiscal and Financial Policy Program      
  Land and marine fleet     18,000
  Total Capital Assets to be Voted     18,000
  Total Capital Assets for Economic, Fiscal, and Financial Policy Program     18,000