This program has integrated responsibility for the strategic asset realty planning and policy development and management of a portfolio encompassing approximately one million acres of land held throughout Ontario. It also has the responsibility for acquisition, disposition and use of realty assets as well as governance and oversight of its delivery agent, the Ontario Infrastructure and Lands Corporation. In this role, the program provides expert real estate advice and service to support Ontario’s policy and program objectives in addition to working with Ontario ministries and agencies to support their land use, property manager and accommodation needs. Today, the program is achieving a number of Ontario’s environmental and policy objectives through its effective management of realty assets, value optimization of existing realty assets, and the provision of adequate and appropriate workspace for Ontario Public Servants. In addition, this program has responsibility for oversight of Waterfront Toronto.
| VOTE -ITEM # |
STANDARD ACCOUNT BY ITEM AND SUB-ITEMS | |||
|---|---|---|---|---|
| OPERATING EXPENSE | ||||
| 4004-1 | Realty Programs | |||
| Salaries and wages | 3,205,500 | |||
| Employee benefits | 451,700 | |||
| Transportation and communication | 52,300 | |||
| Services | 53,450,500 | |||
| Supplies and equipment | 57,700 | |||
| Transfer payments | ||||
| Toronto Waterfront Revitalization Corporation | 3,771,700 | |||
| Other transactions | 3,026,000 | |||
| Subtotal | 64,015,400 | |||
| Less: Recoveries | 3,771,700 | |||
| Total Operating Expense to be Voted | 60,243,700 | |||
| Statutory Appropriations | ||||
| Other transactions | ||||
| Statutory | Bad Debt Expense, the Financial Administration Act | 144,000 | ||
| Total Operating Expense for Realty Development and Management | 60,387,700 | |||
| CAPITAL EXPENSE | ||||
| 4004-2 | Realty Programs | |||
| Services | 167,684,900 | |||
| Transfer payments | ||||
| Realty Transactions | 1,000 | |||
| Toronto Waterfront Revitalization | 61,201,600 | |||
| Pan/Parapan American Games Athletes Village Infrastructure | 35,596,700 | 96,799,300 | ||
| Other transactions | 1,000 | |||
| Total Capital Expense to be Voted | 264,485,200 | |||
| 4004-3 | Realty Development and Management - Expense related to Capital Assets | |||
| Other transactions | ||||
| Loss on asset disposal | 1,000 | |||
| Total Capital Expense to be Voted | 1,000 | |||
| Statutory Appropriations | ||||
| Other transactions | ||||
| Statutory | Amortization Expense, the Financial Administration Act | 1,000 | ||
| Total Capital Expense for Realty Development and Management | 264,487,200 | |||
| CAPITAL ASSETS | ||||
| 4004-4 | Realty Development and Management | |||
| Land and marine fleet | 1,000 | |||
| Total Capital Assets to be Voted | 1,000 | |||
| Total Capital Assets for Realty Development and Management | 1,000 |
