MAIN HEADING: REALTY DEVELOPMENT AND MANAGEMENT - VOTE 4004

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This program has integrated responsibility for the strategic asset realty planning and policy development and management of a portfolio encompassing approximately one million acres of land held throughout Ontario. It also has the responsibility for acquisition, disposition and use of realty assets as well as governance and oversight of its delivery agent, the Ontario Realty Corporation. In this role, the program provides expert real estate advice and service to support Ontario’s policy and program objectives in addition to working with Ontario ministries and agencies to support their land use, property manager and accommodation needs. Today, the program is achieving a number of Ontario’s environmental and policy objectives through its effective management of realty assets, value optimization of existing realty assets, and the provision of adequate and appropriate workspace for Ontario Public Servants.

VOTE SUMMARY
($)
ITEM # ITEM

Estimates
2011-12

Estimates
2010-11

Difference
Between
2011-12
and
2010-11

Actual
2009-10

  OPERATING EXPENSE        
1 Realty Programs 67,628,700 67,111,500 517,200 64,469,992
  TOTAL OPERATING EXPENSE TO BE VOTED 67,628,700 67,111,500 517,200 64,469,992
Statutory Bad Debt Expense, the Financial Administration Act 144,000 144,000 - -
  Total Statutory Appropriations 144,000 144,000 - -
  Total Operating Expense 67,772,700 67,255,500 517,200 64,469,992
  CAPITAL EXPENSE        
2 Realty Programs 225,700,500 199,758,300 25,942,200 150,960,680
3 Realty Development and Management - Expense related to Capital Assets 1,000 1,000 - -
  TOTAL CAPITAL EXPENSE TO BE VOTED 225,701,500 199,759,300 25,942,200 150,960,680
Statutory Amortization Expense, the Financial Administration Act 1,000 1,000 - -
  Total Statutory Appropriations 1,000 1,000 - -
  Total Capital Expense 225,702,500 199,760,300 25,942,200 150,960,680
  CAPITAL ASSETS        
4 Realty Development and Management 1,000 1,000 - -
  TOTAL CAPITAL ASSETS TO BE VOTED 1,000 1,000 - -
  Total Capital Assets 1,000 1,000 - -



Standard Account by Item and Sub-items
($)
VOTE -ITEM
#
STANDARD ACCOUNT BY ITEM AND SUB-ITEMS      
  OPERATING EXPENSE      
4004-1 Realty Programs      
  Salaries and wages     2,992,000
  Employee benefits     448,000
  Transportation and communication     52,300
  Services     61,052,700
  Supplies and equipment     57,700
  Other transactions     3,026,000
  Total Operating Expense to be Voted     67,628,700
  Statutory Appropriations      
  Other transactions      
Statutory    Bad Debt Expense, the Financial Administration Act     144,000
  Total Operating Expense for Realty Development and Management     67,772,700
  CAPITAL EXPENSE      
4004-2 Realty Programs      
  Services     225,698,500
  Transfer payments      
     Realty Transactions     1,000
  Other transactions     1,000
  Total Capital Expense to be Voted     225,700,500
4004-3 Realty Development and Management - Expense related to Capital Assets      
  Other transactions      
     Loss on asset disposal     1,000
  Total Capital Expense to be Voted     1,000
  Statutory Appropriations      
  Other transactions      
Statutory    Amortization Expense, the Financial Administration Act     1,000
  Total Capital Expense for Realty Development and Management     225,702,500
  CAPITAL ASSETS      
4004-4 Realty Development and Management      
  Land and marine fleet     1,000
  Total Capital Assets to be Voted     1,000
  Total Capital Assets for Realty Development and Management     1,000