MAIN HEADING: Postsecondary Education Program - VOTE 3002

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Postsecondary Education Program - VOTE 3002

The Postsecondary Education Division works in collaboration with the Strategic Policy and Programs Division to implement government strategies and policies for postsecondary education in Ontario. The Postsecondary Education Division develops and implements operational policies and financial support to postsecondary education institutions and students in Ontario, in support of the government's social and economic policy objectives with the goal of providing opportunities for high quality, accountable, relevant and accessible postsecondary education.

Key components of the program include: Ontario Student Assistance Program; administration of operating and capital transfer payments to colleges and universities; managing financial and governance relationships with postsecondary institutions; managing accountability mechanisms (such as key performance indicators and multi-year accountability agreement annual report backs); regulating the public colleges of applied arts and technology and private career colleges in accordance with applicable statutes.

Vote Summary
($)
ITEM # ITEM

Estimates
2014-15

Estimates
2013-14

Difference
Between
2014-15
and
2013-14

Actual
2012-13

  OPERATING EXPENSE        
1 Colleges, Universities and Student Support 6,203,131,000 6,166,299,600 36,831,400 5,899,356,192
Total Including Special Warrants 6,203,131,000 6,166,299,600 36,831,400 5,899,356,192
Less: Special Warrants 1,837,290,300 - 1,837,290,300 -
  TOTAL OPERATING EXPENSE TO BE VOTED 4,365,840,700 6,166,299,600 (1,800,458,900) 5,899,356,192
Special Warrants 1,837,290,300 - 1,837,290,300 -
S Bad Debt Expense for Student Loans, the Financial Administration Act 26,540,000 26,540,000 - 35,355,029
  Total Statutory Appropriations 26,540,000 26,540,000 - 35,355,029
  Total Operating Expense 6,229,671,000 6,192,839,600 36,831,400 5,934,711,221
  OPERATING ASSETS        
4 Colleges, Universities and Student Support 78,601,000 71,400,000 7,201,000 70,101,257
Total Including Special Warrants 78,601,000 71,400,000 7,201,000 70,101,257
Less: Special Warrants 43,005,700 - 43,005,700 -
  TOTAL OPERATING ASSETS TO BE VOTED 35,595,300 71,400,000 (35,804,700) 70,101,257
Special Warrants 43,005,700 - 43,005,700 -
  Total Operating Assets 78,601,000 71,400,000 7,201,000 70,101,257
  CAPITAL EXPENSE        
3 Support for Postsecondary Education 284,194,700 197,711,200 86,483,500 154,862,300
Total Including Special Warrants 284,194,700 197,711,200 86,483,500 154,862,300
Less: Special Warrants 40,000,000 - 40,000,000 -
  TOTAL CAPITAL EXPENSE TO BE VOTED 244,194,700 197,711,200 46,483,500 154,862,300
Special Warrants 40,000,000 - 40,000,000 -
S Amortization, the Financial Administration Act 1,884,100 380,300 1,503,800 61,040
  Total Statutory Appropriations 1,884,100 380,300 1,503,800 61,040
  Total Capital Expense 286,078,800 198,091,500 87,987,300 154,923,340
  CAPITAL ASSETS        
6 Colleges, Universities and Student Support 9,407,100 9,852,500 (445,400) 9,345,985
Total Including Special Warrants 9,407,100 9,852,500 (445,400) 9,345,985
Less: Special Warrants 2,360,000 - 2,360,000 -
  TOTAL CAPITAL ASSETS TO BE VOTED 7,047,100 9,852,500 (2,805,400) 9,345,985
Special Warrants 2,360,000 - 2,360,000 -
  Total Capital Assets 9,407,100 9,852,500 (445,400) 9,345,985


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     16,269,400
      Employee benefits     2,435,500
      Transportation and communication     1,578,800
      Services     29,055,400
      Supplies and equipment     2,869,100
      Transfer payments      
          Grants for College Operating Costs   1,446,979,500  
          Grants for University Operating Costs   3,558,362,400  
          Council of Ministers of Education, Canada   748,200  
          Postsecondary Transformation   39,840,100  
          Student Financial Assistance Programs   1,104,993,600 6,150,923,800
  Subtotal     6,203,132,000
  Less: Recoveries     1,000
  Total Operating Expense     6,203,131,000
  Statutory Appropriations      
      Other transactions      
Statutory         Bad Debt Expense for Student Loans, the Financial Administration Act     26,540,000
  Total Operating Expense for Postsecondary Education Program     6,229,671,000
  OPERATING ASSETS      
3002-4 Colleges, Universities and Student Support      
      Advances and recoverable amounts     1,000
      Loans and Investments      
          Student Support     78,600,000
  Total Operating Assets     78,601,000
  Total Operating Assets for Postsecondary Education Program     78,601,000
  CAPITAL EXPENSE      
3002-3 Support for Postsecondary Education      
      Transfer payments      
          Capital Grants - Colleges   116,406,000  
          Capital Grants - Universities   167,787,700 284,193,700
      Other transactions     1,000
  Total Capital Expense     284,194,700
  Statutory Appropriations      
      Other transactions      
Statutory         Amortization, the Financial Administration Act     1,884,100
  Total Capital Expense for Postsecondary Education Program     286,078,800
  CAPITAL ASSETS      
3002-6 Colleges, Universities and Student Support      
      Business application software - asset costs     9,407,100
  Total Capital Assets     9,407,100
  Total Capital Assets for Postsecondary Education Program     9,407,100