MAIN HEADING: REALTY DEVELOPMENT AND MANAGEMENT - VOTE 4004

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REALTY DEVELOPMENT AND MANAGEMENT - VOTE 4004

This program has integrated responsibility for strategic planning, policy development and management of a realty portfolio encompassing approximately one million acres of land and thousands of buildings and structures 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 management 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, a non-share capital corporation created by the three orders of government (the City of Toronto, the Provincial Government of Ontario and the Federal Government of Canada) to oversee the revitalization of Toronto's waterfront.

VOTE SUMMARY
($)
ITEM # ITEM

Estimates
2013-14

Estimates
2012-13

Difference
Between
2013-14
and
2012-13

Actual
2011-12
  OPERATING EXPENSE        
1 Realty Programs 58,992,100 60,243,700 (1,251,600) 67,392,466
  TOTAL OPERATING EXPENSE TO BE VOTED 58,992,100 60,243,700 (1,251,600) 67,392,466
Statutory Bad Debt Expense, the Financial Administration Act 144,000 144,000 - -
  Total Statutory Appropriations 144,000 144,000 - -
  Total Operating Expense 59,136,100 60,387,700 (1,251,600) 67,392,466
  CAPITAL EXPENSE        
2 Realty Programs 185,219,800 264,485,200 (79,265,400) 185,599,890
3 Realty Development and Management - Expense related to Capital Assets 1,000 1,000 - -
  TOTAL CAPITAL EXPENSE TO BE VOTED 185,220,800 264,486,200 (79,265,400) 185,599,890
Statutory Amortization Expense, the Financial Administration Act 1,000 1,000 - -
  Total Statutory Appropriations 1,000 1,000 - -
  Total Capital Expense 185,221,800 264,487,200 (79,265,400) 185,599,890
  CAPITAL ASSETS        
4 Realty Development and Management 11,581,000 1,000 11,580,000 -
  TOTAL CAPITAL ASSETS TO BE VOTED 11,581,000 1,000 11,580,000 -
  Total Capital Assets 11,581,000 1,000 11,580,000 -



Standard Account by Item and Sub-items
($)
VOTE -ITEM
#		 STANDARD ACCOUNT BY ITEM AND SUB-ITEMS      
  OPERATING EXPENSE      
4004-1 Realty Programs      
  Salaries and wages     3,204,800
  Employee benefits     451,700
  Transportation and communication     52,300
  Services     52,905,600
  Supplies and equipment     57,700
  Transfer payments      
     Toronto Waterfront Revitalization Corporation     1,820,000
  Other transactions     2,320,000
  Subtotal     60,812,100
  Less: Recoveries     1,820,000
  Total Operating Expense to be Voted     58,992,100
  Statutory Appropriations      
  Other transactions      
Statutory    Bad Debt Expense, the Financial Administration Act     144,000
  Total Operating Expense for Realty Development and Management     59,136,100
  CAPITAL EXPENSE      
4004-2 Realty Programs      
  Services     97,788,800
  Transfer payments      
     Realty Transactions   1,000  
     Toronto Waterfront Revitalization   66,701,600  
     Pan/Parapan American Games Athletes Village Infrastructure   20,727,400 87,430,000
  Other transactions     1,000
  Total Capital Expense to be Voted     185,219,800
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     185,221,800
  CAPITAL ASSETS      
4004-4 Realty Development and Management      
  Land     11,580,000
  Land and marine fleet - asset costs     1,000
  Total Capital Assets to be Voted     11,581,000
  Total Capital Assets for Realty Development and Management     11,581,000
 

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