The program provides policy and program direction and financial support to postsecondary institutions and students in Ontario in support of the government's social and economic policy objectives with the goal of providing opportunities for excellent, accountable, relevant and accessible postsecondary education.
Key components of the program include operation of the Ontario Student Assistance Program; administering transfer payments to colleges and universities; developing policies and programs related to funding, governance, and colleges and universities; regulating the colleges and private career colleges in accordance with applicable statutes; and administering the Post-secondary Education Choice and Excellence Act pertaining to degree granting activities and the Postsecondary Education Quality Assessment Board.
VOTE -ITEM # |
STANDARD ACCOUNT BY ITEM AND SUB-ITEMS | |||
---|---|---|---|---|
OPERATING EXPENSE | ||||
3002-1 | Colleges and Universities | |||
Salaries and wages | 10,217,300 | |||
Employee benefits | 1,197,300 | |||
Transportation and communication | 326,500 | |||
Services | 3,419,300 | |||
Supplies and equipment | 180,800 | |||
Transfer payments | ||||
Grants for College Operating Costs | 1,159,490,400 | |||
Grants for University Operating Costs | 2,923,531,200 | |||
Grants for College Health Human Resources Development | 107,800,000 | |||
Grants for University Health Human Resources Development | 48,600,000 | |||
Council of Ministers of Education, Canada | 233,600 | |||
Miscellaneous Grants | 20,100 | |||
Reporting Entities Project | 1,090,500 | |||
Postsecondary Transformation | 55,600,000 | 4,296,365,800 | ||
Subtotal | 4,311,707,000 | |||
Less: Recoveries | 200,000 | |||
Total Operating Expense | 4,311,507,000 | |||
3002-2 | Student Support | |||
Salaries and wages | 5,122,100 | |||
Employee benefits | 782,900 | |||
Transportation and communication | 1,252,800 | |||
Services | 8,198,300 | |||
Supplies and equipment | 2,684,800 | |||
Transfer payments | ||||
Student Support Programs | 490,234,600 | |||
Ontario/Quebec Exchange Fellowships | 89,000 | |||
Second Language programs | 1,114,000 | |||
Ontario Trust for Student Support | 50,000,000 | 541,437,600 | ||
Total Operating Expense | 559,478,500 | |||
Statutory Appropriations | ||||
Other transactions | ||||
Statutory | Bad Debt Expenses for Student Loans, the Financial Administration Act | 41,540,000 | ||
Total Operating Expense for Postsecondary Education Program | 4,912,525,500 | |||
OPERATING ASSETS | ||||
3002-4 | Colleges and Universities | |||
Deposits and prepaid expenses | ||||
Grants for Colleges | 4,561,000 | |||
Grants for Universities | 209,687,800 | 214,248,800 | ||
Total Operating Assets to be Voted | 214,248,800 | |||
3002-5 | Student Support | |||
Loans and Investments | 69,100,000 | |||
Total Operating Assets | 69,100,000 | |||
Total Operating Assets for Postsecondary Education Program | 283,348,800 | |||
CAPITAL EXPENSE | ||||
3002-3 | Support for Postsecondary Education | |||
Transfer payments | ||||
Capital Grants - Colleges | 116,333,300 | |||
Capital Grants - Universities | 46,196,100 | 162,529,400 | ||
Total Capital Expense | 162,529,400 | |||
Total Capital Expense for Postsecondary Education Program | 162,529,400 |