MAIN HEADING: TREASURY PROGRAM

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This program is responsible for the development, direction, operation and formulation of policies for the management of the province's cash, investments, debt, finance, credit rating, investor relations, banking and related financial administration activities; reporting on the financial position of the province to investors and the public to facilitate borrowing activities; providing financial analysis and support for any direct or indirect provincial liabilities and monitoring the fiscal implications of the electricity sector as well as government and broader public sector financing initiatives including providing advice to the sector; the provision of guarantees by Ontario and of loans to its Crown Corporations and agencies; and acting as the custodian and fiscal agent for the securities of the province and certain of its agencies, including the Ontario Electricity Financial Corporation. It is also responsible for the issuance of Ontario Savings Bonds.

SUMMARY
($)
ITEM #	ITEM	Estimates 2010-11	Estimates 2009-10	Difference Between 2010-11 and 2009-10	Actual 2008-09
	OPERATING EXPENSE
Statutory	Interest on Debt	9,150,716,200	8,475,243,400	675,472,800	7,565,246,924
Statutory	Bad Debt Expense	-	-	-	215,324,500
	Total Operating Expense	9,150,716,200	8,475,243,400	675,472,800	7,780,571,424

Standard Account by Item and Sub-items
($)
VOTE -ITEM #	STANDARD ACCOUNT BY ITEM AND SUB-ITEMS
	OPERATING EXPENSE
	Statutory Appropriations
Statutory	Interest on Debt
	Interest on Ontario Securities
	For general purposes	8,107,853,600
	Canada Pension Plan Investment Board	587,984,000
	Ontario Teachers' Pension Fund	136,500,000
	Public Service Pension Fund	173,671,000
	Ontario Public Service Employees Union Pension Fund	82,503,000
	Ontario Mortgage and Housing Corporation	14,890,000
	Canada Mortgage and Housing Corporation	12,532,000
	Ontario Immigrant Investor Corporation	30,400,000	9,146,333,600
	Less: Other interest, exchange, discount and commission		44,061,500
	Less: Interest Capitalized in Ministry Appropriations		100,001,900
	Less: Interest on Investments		371,554,000
			8,630,716,200
	Interest on Debt Payable to Ontario Electricity Financial Corporation		520,000,000
	Total Operating Expense for Treasury Program		9,150,716,200