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 Infrastructure and Lands 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. In addition, this program has responsibility for oversight of Waterfront Toronto.

VOTE SUMMARY
($)
ITEM # ITEM

Estimates
2012-13

Estimates
2011-12

Difference
Between
2012-13
and
2011-12

Actual
2010-11

  OPERATING EXPENSE        
1 Realty Programs 60,243,700 67,628,700 (7,385,000) 66,686,512
  TOTAL OPERATING EXPENSE TO BE VOTED 60,243,700 67,628,700 (7,385,000) 66,686,512
Statutory Bad Debt Expense, the Financial Administration Act 144,000 144,000 - 246,081
  Total Statutory Appropriations 144,000 144,000 - 246,081
  Total Operating Expense 60,387,700 67,772,700 (7,385,000) 66,932,593
  CAPITAL EXPENSE        
2 Realty Programs 264,485,200 225,700,500 38,784,700 163,985,736
3 Realty Development and Management - Expense related to Capital Assets 1,000 1,000 - -
  TOTAL CAPITAL EXPENSE TO BE VOTED 264,486,200 225,701,500 38,784,700 163,985,736
Statutory Amortization Expense, the Financial Administration Act 1,000 1,000 - -
  Total Statutory Appropriations 1,000 1,000 - -
  Total Capital Expense 264,487,200 225,702,500 38,784,700 163,985,736
  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     3,205,500
  Employee benefits     451,700
  Transportation and communication     52,300
  Services     53,450,500
  Supplies and equipment     57,700
  Transfer payments      
     Toronto Waterfront Revitalization Corporation     3,771,700
  Other transactions     3,026,000
  Subtotal     64,015,400
  Less: Recoveries     3,771,700
  Total Operating Expense to be Voted     60,243,700
  Statutory Appropriations      
  Other transactions      
Statutory    Bad Debt Expense, the Financial Administration Act     144,000
  Total Operating Expense for Realty Development and Management     60,387,700
  CAPITAL EXPENSE      
4004-2 Realty Programs      
  Services     167,684,900
  Transfer payments      
     Realty Transactions   1,000  
     Toronto Waterfront Revitalization   61,201,600  
     Pan/Parapan American Games Athletes Village Infrastructure   35,596,700 96,799,300
  Other transactions     1,000
  Total Capital Expense to be Voted     264,485,200
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     264,487,200
  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