POSTSECONDARY EDUCATION PROGRAM - VOTE 3002

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POSTSECONDARY EDUCATION PROGRAM - VOTE 3002

The Postsecondary Education Division implements government strategies for postsecondary education, provides 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; managing relationships with postsecondary institutions and student groups, managing accountability mechanisms and relevant legislation; regulating the college and private career colleges in accordance with applicable statute; establishes the annual funding framework; administering transfer payments and capital grants; and administering student financial assistance.

VOTE SUMMARY
($)
ITEM # ITEM

Estimates
2008-09

Estimates
2007-08

Difference
Between
2008-09
and
2007-08

Actual
2006-07
  OPERATING EXPENSE        
1 Colleges, Universities and Student Support 5,111,318,300 4,871,114,300 240,204,000 4,824,441,843
  Total Including Special Warrants 5,111,318,300 4,871,114,300 240,204,000 4,824,441,843
Less: Special Warrants - 1,510,000,000 (1,510,000,000) -
  TOTAL OPERATING EXPENSE TO BE VOTED 5,111,318,300 3,361,114,300 1,750,204,000 4,824,441,843
Special Warrants - 1,510,000,000 (1,510,000,000) -
Statutory Bad Debt Expenses for Student Loans, the Financial Administration Act 41,540,000 41,540,000 - 19,298,681
  Total Statutory Appropriations 41,540,000 41,540,000 - 19,298,681
  Total Operating Expense 5,152,858,300 4,912,654,300 240,204,000 4,843,740,524
  OPERATING ASSETS        
4 Colleges, Universities and Student Support 266,724,100 283,348,800 (16,624,700) 243,830,310
  Total Including Special Warrants 266,724,100 283,348,800 (16,624,700) 243,830,310
Less: Special Warrants - 36,000,000 (36,000,000) -
  TOTAL OPERATING ASSETS TO BE VOTED 266,724,100 247,348,800 19,375,300 243,830,310
Special Warrants - 36,000,000 (36,000,000) -
  Total Operating Assets 266,724,100 283,348,800 (16,624,700) 243,830,310
  CAPITAL EXPENSE        
3 Support for Postsecondary Education 155,059,600 387,529,400 (232,469,800) 95,200,000
  Total Including Special Warrants 155,059,600 387,529,400 (232,469,800) 95,200,000
Less: Special Warrants - 50,000,000 (50,000,000) -
  TOTAL CAPITAL EXPENSE TO BE VOTED 155,059,600 337,529,400 (182,469,800) 95,200,000
Special Warrants - 50,000,000 (50,000,000) -
  Total Capital Expense 155,059,600 387,529,400 (232,469,800) 95,200,000



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     12,687,200
  Employee benefits     1,853,800
  Transportation and communication     1,579,300
  Services     13,763,800
  Supplies and equipment     2,865,600
  Transfer payments      
     Grants for College Operating Costs   1,133,739,400  
     Grants for University Operating Costs   2,934,832,200  
     Grants for College Health Human Resources Development   107,800,000  
     Grants for University Health Human Resources Development   53,600,000  
     Council of Ministers of Education, Canada   233,600  
     Miscellaneous Grants   20,100  
     Reporting Entities Project   1,090,500  
     Postsecondary Transformation   189,315,200  
     Student Support Programs   521,734,600  
     Ontario/Quebec Exchange Fellowships   89,000  
     Second Language Programs   1,114,000  
     Ontario Trust for Student Support   50,000,000  
     Textbook and Technology Grant   85,000,000 5,078,568,600
  Total Operating Expense to be Voted     5,111,318,300
  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     5,152,858,300
  OPERATING ASSETS      
3002-4 Colleges, Universities and Student Support      
  Deposits and prepaid expenses      
     Grants for Universities     198,424,100
  Loans and Investments      
     Student Support     68,300,000
  Total Operating Assets to be Voted     266,724,100
  Total Operating Assets for Postsecondary Education Program     266,724,100
  CAPITAL EXPENSE      
3002-3 Support for Postsecondary Education      
  Transfer payments      
     Capital Grants - Colleges   100,250,000  
     Capital Grants - Universities   54,809,600 155,059,600
  Total Capital Expense to be Voted     155,059,600
  Total Capital Expense for Postsecondary Education Program     155,059,600