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POSTSECONDARY EDUCATION PROGRAM - VOTE 3002

The Postsecondary Education Division works in collaboration with the Strategic Policy and Programs Division to implement government strategies and policies for postsecondary education in Ontario. The Postsecondary Education Division develops and implements operational policies and financial support to postsecondary education institutions and students in Ontario, in support of the government's social and economic policy objectives with the goal of providing opportunities for high quality, accountable, relevant and accessible postsecondary education.

Key components of the program include: Ontario Student Assistance Program; administration of operating and capital transfer payments to colleges and universities; managing financial and governance relationships with postsecondary institutions; managing accountability mechanisms (such as key performance indicators and multi-year accountability agreement annual report backs); regulating the public colleges of applied arts and technology and private career colleges in accordance with applicable statutes.

VOTE SUMMARY
($)
ITEM # ITEM

Estimates
2013-14

Estimates
2012-13

Difference
Between
2013-14
and
2012-13

Actual
2011-12

  OPERATING EXPENSE        
1 Colleges, Universities and Student Support 6,171,253,800 6,055,807,800 115,446,000 5,713,214,742
  TOTAL OPERATING EXPENSE TO BE VOTED 6,171,253,800 6,055,807,800 115,446,000 5,713,214,742
Statutory Bad Debt Expenses for Student Loans, the Financial Administration Act 26,540,000 26,540,000 - 26,795,243
  Total Statutory Appropriations 26,540,000 26,540,000 - 26,795,243
  Total Operating Expense 6,197,793,800 6,082,347,800 115,446,000 5,740,009,985
  OPERATING ASSETS        
4 Colleges, Universities and Student Support 71,400,000 61,600,000 9,800,000 64,800,000
  TOTAL OPERATING ASSETS TO BE VOTED 71,400,000 61,600,000 9,800,000 64,800,000
  Total Operating Assets 71,400,000 61,600,000 9,800,000 64,800,000
  CAPITAL EXPENSE        
3 Support for Postsecondary Education 197,711,200 152,703,300 45,007,900 259,391,700
  TOTAL CAPITAL EXPENSE TO BE VOTED 197,711,200 152,703,300 45,007,900 259,391,700
Statutory Amortization, the Financial Administration Act 380,300 68,300 312,000 -
  Total Statutory Appropriations 380,300 68,300 312,000 -
  Total Capital Expense 198,091,500 152,771,600 45,319,900 259,391,700
  CAPITAL ASSETS        
6 Colleges, Universities and Student Support 9,852,500 1,000 9,851,500 -
  TOTAL CAPITAL ASSETS TO BE VOTED 9,852,500 1,000 9,851,500 -
  Total Capital Assets 9,852,500 1,000 9,851,500 -



Standard Account by Item and Sub-items
($)
VOTE -ITEM
#
STANDARD ACCOUNT BY ITEM AND SUB-ITEMS      
  OPERATING EXPENSE      
3002-1 Colleges, Universities and Student Support      
  Salaries and wages     16,229,400
  Employee benefits     2,435,500
  Transportation and communication     1,578,800
  Services     32,760,500
  Supplies and equipment     2,869,100
  Transfer payments      
     Grants for College Operating Costs   1,443,671,600  
     Grants for University Operating Costs   3,548,753,100  
     Council of Ministers of Education, Canada   748,200  
     Postsecondary Transformation   40,350,000  
     Student Financial Assistance Programs   1,081,858,600 6,115,381,500
  Subtotal     6,171,254,800
  Less: Recoveries     1,000
  Total Operating Expense to be Voted     6,171,253,800
  Statutory Appropriations      
  Other transactions      
Statutory    Bad Debt Expenses for Student Loans, the Financial Administration Act     26,540,000
  Total Operating Expense for Postsecondary Education Program     6,197,793,800
  OPERATING ASSETS      
3002-4 Colleges, Universities and Student Support      
  Loans and Investments      
     Student Support     71,400,000
  Total Operating Assets to be Voted     71,400,000
  Total Operating Assets for Postsecondary Education Program     71,400,000
  CAPITAL EXPENSE      
3002-3 Support for Postsecondary Education      
  Transfer payments      
     Capital Grants - Colleges   42,489,300  
     Capital Grants - Universities   155,220,900 197,710,200
  Other transactions     1,000
  Total Capital Expense to be Voted     197,711,200
  Statutory Appropriations      
  Other transactions      
Statutory    Amortization, the Financial Administration Act     380,300
  Total Capital Expense for Postsecondary Education Program     198,091,500
  CAPITAL ASSETS      
3002-6 Colleges, Universities and Student Support      
  Business application software - asset costs     9,852,500
  Total Capital Assets to be Voted     9,852,500
  Total Capital Assets for Postsecondary Education Program     9,852,500