POSTSECONDARY EDUCATION PROGRAM - VOTE 3002

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POSTSECONDARY EDUCATION PROGRAM - VOTE 3002

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 SUMMARY
($)
ITEM # ITEM

Estimates
2007-08

Estimates
2006-07

Difference
Between
2007-08
and
2006-07

Actual
2005-06
  OPERATING EXPENSE        
1 Colleges and Universities 4,311,507,000 4,047,230,500 264,276,500 3,780,596,876
2 Student Support 559,478,500 508,192,500 51,286,000 457,902,290
  Total Including Special Warrants 4,870,985,500 4,555,423,000 315,562,500 4,238,499,166
Less: Special Warrants 1,510,000,000 - 1,510,000,000 -
  TOTAL OPERATING EXPENSE TO BE VOTED 3,360,985,500 4,555,423,000 (1,194,437,500) 4,238,499,166
Special Warrants 1,510,000,000 - 1,510,000,000 -
Statutory Bad Debt Expenses for Student Loans, the Financial Administration Act 41,540,000 44,320,000 (2,780,000) 50,905,688
  Total Statutory Appropriations 41,540,000 44,320,000 (2,780,000) 50,905,688
  Total Operating Expense 4,912,525,500 4,599,743,000 312,782,500 4,289,404,854
  OPERATING ASSETS        
4 Colleges and Universities 214,248,800 194,379,200 19,869,600 177,216,887
5 Student Support 69,100,000 70,100,000 (1,000,000) 70,683,142
  Total Including Special Warrants 283,348,800 264,479,200 18,869,600 247,900,029
Less: Special Warrants 36,000,000 - 36,000,000 -
  TOTAL OPERATING ASSETS TO BE VOTED 247,348,800 264,479,200 (17,130,400) 247,900,029
Special Warrants 36,000,000 - 36,000,000 -
  Total Operating Assets 283,348,800 264,479,200 18,869,600 247,900,029
  CAPITAL EXPENSE        
3 Support for Postsecondary Education 162,529,400 65,200,000 97,329,400 122,815,200
  Total Including Special Warrants 162,529,400 65,200,000 97,329,400 122,815,200
Less: Special Warrants 50,000,000 - 50,000,000 -
  TOTAL CAPITAL EXPENSE TO BE VOTED 112,529,400 65,200,000 47,329,400 122,815,200
Special Warrants 50,000,000 - 50,000,000 -
  Total Capital Expense 162,529,400 65,200,000 97,329,400 122,815,200



Standard Account by Item and Sub-items
($)
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