PUBLIC ACCOUNTS 1979/80 SECTION A MAIN FINANCIAL STATEMENTS OF THE PROVINCE CONTENTS Page jSfatement of assets and liabilities A 2 ^Statement of revenues and expenditures A 5 (Summary of General Fund revenues A 6 ;i Summary of General Fund expenditures A 7 ajratement of net receipts and payments (combined funds) A 8 Sotes tojnnancial statements A 9 A2 PROVINCE OF BRITISH COLUMBIA STATEMENT OF ASSETS AND ASSETS 1980 General Fund $ Cash and temporary investments 788.151,503 Accounts receivable from other governments and agencies 33,710.053 Working capital advances 11,626.693 833,488,249 Other recorded assets— Taxes and other accounts receivable 151,403.989 Loans and other advances -...;..:..£.7:-Xr. 74,086,619 Investment in, and advances to. Crown corporations 237,172,194 Investments, other 45,306,242 Fixed assets 2,601,850,257 3,109,819,301 3,943.307,550 Special Purpose Funds Cash and Investments 591,600,721 Other assets „. 353,687,636 1979 $ 654,408,844 33,064,843 11,513,193 698,986,880 122,012,390 52,934,034 393,361,531 151.718,489 2,335,606.211 Net increase or (decrease) during I979AJQ I33.742.6M 645.210 1I3J 3.055,632,655 134,501 29.391.5W 21.152.585 (156.189.337) (106.412.247) ■>tV,-UA W 54,186,646 I 3,754,619,535 188,688.011 294,609.342 374.153.795 296.991.3JS] (20.466.1-59) 945,288,357 668.763,137 276,525.28 Superannuation Funds Cash and Investments.. 825,196,019 689,550,666 I35.645.3S Trust Funds Cash and Investments.. 1.015,145,292 841,275,680 173.869.6j 6,728,937,218 5,954,209,018 774.728,200' Notes: The notes on pages A 9 to 13 are an integral part of these financial statements. Detailed schedules of the Asset and Liability aceoam can be found in Section B. PUBLIC ACCOUNTS 1979/80 [ABILITIES AS AT MARCH 31, 1980 ieneral Fund Outstanding cheques Accounts payable Other current liabilities. LIABILITIES Unmatured debt [ Excess of assets over liabilities— I Revenue surplus Surplus, April 1, 1976, to date Deficit at March 31, 1976, funded.. Net revenue surplus Capital surplus 107.692,756 149,334,494 31,724,343 288,751,593 235,347,790 544,736,656 (235,347,790) 309,388,866 3,109,819,301 pecial Purpose Funds Fixed capital funds— Capital accounts Current accounts Other funds Miscellaneous statutory accounts.. uperannuation Funds I Public Service Members of the Legislative Assembly.. 1979 $ 138,459,407 164,300,462 39,617,154 342,377,023 261,447.790 A3 Net increase or (decrease) during 1979/80 $ (30,766,651) (14,965,968) (7,892,811) (53,625,430) (26,100,000) 356.609,857 (261,447,790) 95,162,067 3,055,632,655 188,126,799 26,100,000 214,226,799 54,186,646 3,419,208,167 3,150,794,722 268,413,445 3,943,307,550 3,754,619,535 188,688,015 90,000,000 8,824,798 839,619,901 6,843,658 945,288,357 823,384,647 1,811,372 Inst Funds Miscellaneous trust accounts 1,015,145,292 6,728,937,218 I guaranteed Debt Debt of municipalities, other local governments and Crown p agencies, etc., guaranteed by the Province (net) 7,295,160,838 90.000.000 9,300.946 563,043,988 6,418,203 (476.148) 276,575,913 425,455 668,763,137 276,525,220 687,917,655 135,466,992 1,633,011 178,361 689,550,666 135,645,353 841,275,680 173,869,612 5,954,209,018 774,728,200 6,645,614,18 KM. LIGHTB.ODY, C.A. Acting Comptroller General PUBLIC ACCOUNTS 1979/80 STATEMENT OF REVENUES AND EXPENDITURES FOR THE FISCAL YEAR ENDED MARCH 31, 1980 A5 GENERAL FUND 1980 $ Budgetary Transactions Revenue 5,495,333,558 Expenditure 4,864,425,923 Budgetary surplus ilonbudgetary Transactions (current) Revenue Expenditure Net expenditure 4,566,426,231 4,323,680,656 tevenue Surplus Account Appropriations ■ Expenditure j Jet Increase in revenue surplus for the year Stance, Revenue Surplus Account, April 1, 1976, to date1 m Beginning of year ■ End of year SPECIAL PURPOSE FUNDS levenue Transfers from General Fund Interest on investments and loans.. Other receipts ] jcpenditure [Transfers to General Fund [Grants Administration and other expenditure. let Increase in funds I lllance of Funds ■Beginning of year... ■End of year SUPERANNUATION FUNDS 1evenue IB Contributions and other receipts Government contributions—transfers from General Fund Interest on investments expenditure Superannuation allowances. et increase in funds : alance of Funds Beginning of year End of year 630,907,635 242,745,575 20,110,368 243,700,01I 2,500,000 31,500,000 (223,589,643) (29,000,000) 407,317,992 213,745,575 219,191,193 73,754,426 188,126,799 139,991,149 356,609,857 216,618,708 544,736,656 356,609,857 394,710,214 62,220,254 27,789,427 140,087,418 43,485,013 31,379,022 484,719,895 214,951,453 2,324,256 182,459,583 23,410,836 162,171,614 20,845,865 208,194,675 183,017,479 276,525,220 31,933,974 668,763,137 636,829,163 945,288,357 668,763,137 52,797,963 52,938,921 64,106,906 48.726,211 49,600,135 45,799,758 169,843,790 143,626,104 34,198,437 27,953,683 135,645,353 115,672,421 689,550,666 573,878,245 825,196,019 689,550,666 BJ[The Revenue Surplus Account does not include the balance of the deficit at March 31.1976, of $235.347,790 funded pursuant itish Columbia Deficit Repayment Act. For further particulars re this summary see: General Fund —A 6 and A 7. ■ Special purpose funds—B 11. m Superannuation funds—B 14. '— PROVINCE OF BRITISH COLUMBIA SUMMARY OF GENERAL FUND REVENUES FOR THE FISCAL YEAR ENDED MARCH 31, 19801 Estimated. 1980 2,478,000.000 618.500,000 263,450.000 235,000.000 972.500,000 4.567,450,000 1980 Budgetary Revenue $ Taxation 2.673.868.887 Natural resources 1.298.036.393 Other revenue 303.081.693 Contributions from Government enterprises 244.310,996 Contributions from other governments 976,035.589 Total budgetary revenue 5.495,333.558 Ltd. Nonbudgetary Revenue Sale of assets of Surrey Farm Products Poultry Ltd.) Recovery of unearned premium reserve from I.C.B.C. Recovery of advance to B.C. Assessment Authority.... Recovery of advance to B.C. Harbours Board Total nonbudgetary revenue Combined General Fund Revenues enue are shown on pages C 2 and C 3. 14,800.000 2,810.368 2.500,000 20.110.368 5.515.443.926 s 2.536.189. 721.217. 261.667,1 229.237.1 813.114.1 121 4.566.426.231 27500] 2.500J 4.568.92h. 231 PUBLIC ACCOUNTS 1979/80 A7 Estimated. 1980 $ 4,662,005 2,540,605 300,000 726,434 55,233,146 196,567,060 12,705,303 1,658,427 35,951,724 1,120,957.317 13,232,479 60,650,255 105,586,275 124,815,808 1,213,426,762 648,496,721 52,477,698 65,359,038 237,979,454 178,861,333 12,605,289 422,656.867 4,567,450,000 SUMMARY OF GENERAL FUND EXPENDITURES FOR THE FISCAL YEAR ENDED MARCH 31, 19801 1980 Budgetary Expenditure $ Legislation 4,662,310 Auditor General 1,802,699 Ombudsman 277,676 Executive Council .....,„.■ 769,794 Ministry of Agriculture 54,689,206 Ministry of Attorney General 213,838,040 Ministry of Consumer and Corporate Affairs 12,942,065 Ministry of Deregulation 1,584,077 Ministry of Economic Development 38,664,55! Ministry of Education, Science and Technology 1,129,438.650 Ministry of Energy, Mines and Petroleum Resources 15,024.002 Ministry of Environment 71.192,930 Ministry of Finance 129,489,723 Ministry of Forests 151,839,627 Ministry of Health 1,328,654,856 Ministry of Human Resources 648,847,575 Ministry of Labour 51,018,846 Ministry of Lands, Parks and Housing 65,449,881 Ministry of Municipal Affairs H 221,365,723 Ministry of Provincial Secretary and Government Services 179,068,174 Ministry of Tourism and Small Business Development 12,201,007 Ministry of Transportation, Communications and Highways ... 531,401,068 Ministry of Intergovernmental Relations 137,719 Ministry of Universities, Science and Communications 65,724 Total budgetary expenditure ' 4,864,425,923 Nonbudgetary Expenditure Charged to Current Revenue Special purpose funds— Advances to a fund 200,000,000 Crown corporations— Advances 7,126,000 Grants 9,200,000 16,326,000 Other 27,374,011 243,700.011 Charged to Revenue Surplus Account Expenditure— Revenue Surplus of 1977-78 Appropriation Act. 1979... 139,191,193 Vancouver and Victoria Trade and Convention Centres Fund Act 12,500,000 Lower Mainland Stadium Fund Act 25,000,000 Special Purpose Appropriation Act. 1979 42,500,000 Revenue Surplus of 1976-77 Appropriation Act. 1978.... 219,191,193 Combined General Fund Expenditures 5,327,317,127 6,063,285 1,265,328 752,687 35,099,263 186,885,973 11,443,832 4,215,030 32.238,762 1,041,493,189 11,676.030 65,705,626 84,783,245 130,720,944 1,142,440,220 582,660,113 42.610,713 68,974,115 203,711.078 159.823,714 10,285,149 500,832,360 4,323,680,656 11,500,000 20,000,000 31.500,000 — 31,500,000 73,754,426 73,754,426 4,428,935,082 1 Details of expenditures are shown on pages C 4 to 13. In accordance with the Supply Act No. 3, 1979(1919, chap. 34), the actual expenditures are reported in relation to the services and amount appropriated. Reorganization changes made in November 1979 pursuant to the Constitution Act, are therefore not reflected in these ■statements except for expenditures authorized under the Legislative Assembly Allowances and Superannuation Act and by special warrants for the ministries of Intergovernmental Relations and Universities, Science and Communications. The 1979 figures have been restated to reflect reorganizational changes between ministries made in the fiscal year 1978/79 pursuant to ■the Constitution Act. A8 PROVINCE OF BRITISH COLUMBIA COMBINED FUNDS STATEMENT OF NET RECEIPTS AND PAYMENTS FOR THE FISCAL YEAR ENDED MARCH 31, 1980 NET RECEIPTS Revenue (page A 5) General Fond Budgetary Nonbudgetary Special purpose funds. Superannuation funds,. Deduct (add)—adjustments for revenues not represented by cash received and for receipts (net) accounted for through asset accounts Eliminate inter-fund transfers Increase in accounts receivable Decrease in other assets of special purpose funds Total net receipts from operations.. Other Sources Increase in trust funds administered Total net receipts 1980 s 1979 S 5,495.333,558 20,110.368 4.566.426.231 2.500.000 5,515,443,926 484,719.895 169.843.790 4.568,926,231 214,951,453 143,626.104 6,170,007,611 4,927,503,788 447,649.135 645,210 (20,466.159) 189.687,553' 6,686.226 (25,042,983) 427.828,186 171,330,7% 5,742,179,425 4,756.172,992 173,869.612 101.823,895 5,916,049.037 4,857,996.887 NET PAYMENTS Expenditures (page A 5) General Fund Budgetary.. Nonbudgetary Revenue surplus appropriations. Special purpose funds. Superannuation funds.. Deduct (add)—adjustments for expenditures not represented by cash disbursed and for payments (net) accounted for through asset or liability accounts Eliminate inter-fund transfers Net increase (decrease) in current liabilities Net (increase) in working capital advances 4,864,425,923 243,700,011 219,191,193 5,327,317,127 208,194,675 34,198,437 4,323,680,656 ] 31.500.000 73,754,426] 4,428,935,0821 183.017.479] 27.953,6831 447,649,135 (53,625,430) (113,500) 393,910,205 189.687,553 I 56,525,7271 (2.603,3621 243,609,918 j Total net payments Net cash received Cash and investments—beginning of year Cash and Investments—end of year (below). Cash and Investments (page A 2) General Fund Special purpose funds Superannuation funds Trust funds 5,175,800,034 4.396.296.326 740,249,003 2.479.844,532 461.700.561 2.018,143.971 3.220,093,535 2,479.844,5321 788,151,503 591.600.721 825,196,019 1.015.145.292 654,408.844 294.609,342 689.550,666 841.275,680 3,220,093,535 2,479.844,5321 5,569,710,239 4,639,906,2441 M If PUBLIC ACCOUNTS 1979/80 A 0 NOTES TO FINANCIAL STATEMENTS 1. Summary of Significant Accounting Policies and Practices The accounting policies and practices of the Province have been developed over the years to meet changing circumstances and needs; they are based on concepts and provisions contained in the Revenue Act, Financial Control Act, the annual Supply Act and other legislation. While these policies and practices are regularly reviewed, a comprehensive examination has been conducted taking into account the suggestions of the study on Canadian Government financial reporting principles and practices sponsored by the Canadian Institute of Chartered Accountants. The results of this examination have been reviewed and it is anticipated that the financial statements for the 1980/81 fiscal year will reflect the recommended changes in reporting principles and practices. Current policies and practices are outlined in the following paragraphs. A. The Accounting Entity and Basis of Reporting The financial statements include the accounts of the Consolidated Revenue Fund and of certain funds deposited with [and administered by the Minister of Finance pursuant to various statutes. They do not include those of Crown corporations land other separate Government agencies. The interest of the Province in its Crown entities is shown only to the extent of [amounts invested in or advanced to them and as to guarantees of their debt securities issued. Accumulated earnings (or deficits) retained in these organizations are not reflected in the financial statements. The financial statements summarize the financial activities of the Province during the year and show the assets, pliabilities and undisbursed balances of revenue and funds at the close of the year. For purposes of these statements the Recounts of the Province are presented in four fund divisions: O General Fund—includes the main operating accounts of the Province plus certain asset accounts included for purposes of information and record only through off-setting contra-entries to Capital Surplus Account. O Special Purpose Funds—earmarked revenues and funds set aside from the General Fund for specific or special purposes. O Superannuation Funds—the accounts of the Public Service and Members of the Legislative Assembly Superannuation funds. O Trust Funds—deposits, sinking funds and other accounts administered or held in trust for others. fe. Basis of Accounting—General Fund (1) -Gross Basis of Accounting—In general, revenues and expenditures are reported on a gross basis by source of revenue and by program expenditure appropriations as set out in the annual Estimates of Revenue and Expenditure or in Bther legislative authority, except where receipts are credited against related program expenditures in the Estimates. Revenues and expenditures are presented in three categories: (i) budgetary transactions,which are the ordinary revenues and expenditures of Government included in the annual Estimates of Revenue and Expenditure; (ii) nonbudgetary transactions, which are extraordinary revenues and expenditures of significant amount not anticipated in the annual Estimates or in revenue surplus account appropriations; (iii) revenue surplus account appropriations expenditures which are specifically authorized by the Legislature as payable out of surpluses of prior years. (2) Cash Basis of Accounting—The cash basis of accounting, modified as described below, is used to report on the Stewardship of the Government with respect to taxes and other revenues raised and to funds appropriated and expended for Elovemment programs. On this basis, revenues are taken into the accounts in the fiscal period in which they are received and expenditures are charged when the actual payments are made. In addition to payments for salaries and wages, goods and services, interest, grants and subsidies and other program operating expenses, expenditures include: —the acquisition and construction of physical assets: . —loans and recoverable advances to individuals, Crown corporations and agencies and other organizations including school and regional improvement districts; —equity investment in Crown and other corporations: —transfers to special purpose and superannuation funds; —internal transfers between appropriations. At year-end the following major modifications are applied to the cash basis accounts in determining the annual Operating results in the General Fund: —monies received in April of the next following year pertaining to cost-sharing programs with other governments or agencies are included in revenue where related expenditures have been charged to the fiscal year; —the net profit of the Liquor Distribution Branch and the net income of the British Columbia Systems Corporation, calculated on the accrual basis of accounting, are included as revenue whether or not received in cash during the fiscal year; —accounts payable at March 31 are included as expenditures, where payments are made during April of the next following year; —interest accrued at March 31 on the unmatured debt is included as expenditures; —inventories and other assets of the Queen's Printer and the Purchasing Commission warehouse at March 31 are deducted from expenditures and carried forward as working capital advances. A 10 PROVINCE OF BRITISH COLUMBIA (3) Reporting of Assets and Liabilities—The assets and liabilities of the General Fund reported in the financial statements include: (i) those arising from the cash transactions of the Government and the year-end modifications. They include cash and temporary investments, liabilities for outstanding cheques and unmatured debt at the close of the year, amounts due from other organizations for miscellaneous non-revenue services provided, monies held in suspense and other accounts pending disposition and amounts resulting from the modifications to the cash basis of accounting for revenues and expenditures described above; (ii) taxes and other accounts receivable, loans, advances and investments (including Crown corporations) and certain fixed assets which are included as assets even though they are accounted for as revenues and expenditures at the time cash is received or disbursed. These assets are reported under the heading of "Other recorded assets'' for purposes of record and information through memorandum contra-entries to the Captial Surplus Account. Assets representing investments or financial claims on others are recorded at cost or other designated values. Where appropriate, provisions for doubtful recoveries of receivables, loans, advances, or investments are provided. (4) Accounting for the Excess of Assets Over Liabilities-—The net assets of the General Fund are accounted for in two surplus accounts: (i) the Revenue Surplus Account represents the accumulation of revenues and expenditures to date and is presented in two sections: —Surplus April 1, 1976 to date, which is represented by cash and other current assets less the liabilities other than the unmatured debt. —Deficit at March 31, 1976 which is funded by the unmatured debt, (ii) the Capital Surplus Account represents the recorded value of the assets included in the financial statements on a memorandum basis for record and information purposes as outlined above. C. Basis of Accountino—Other Funds (1) Special Purpose Funds—The accounts of these Funds are maintained on the cash basis of accounting. However, I in the Crown Land and Home Acquisition funds, transactions recording the acquisition and disposal of certain program assets are accounted for as capital transactions instead of current expenditures or revenues. Accordingly assets of these funds include advances and mortgages receivable, real estate held for development and investments in and advances to Crown corporations and are recorded at cost except where assets have been written down to reflect recoverable values.) Gains and losses realized on disposal of these assets are included in revenues and expenditures. As in the General Fund, revenues and expenditures are generally reported on a gross basis by source of revenue—including transfers from General Fund expenditure accounts—and by appropriate classifications of expendi- j ture. primarily grants. (2) Superannuation Funds—These Funds are maintained on a cash basis. Revenues are reported net of refunds and | include Government employer contributions transferred from General Fund expenditure accounts. Expenditures are superannuation allowances paid. (3) Trust Funds—Individual accounts are maintained on a cash basis. Receipts and disbursements are not reported as such but are reflected in the Statement of Assets and Liabilities as increases or decreases in the balances of funds held. (4) Interest Entitlement—The interest entitlement of individual funds or accounts is determined by the governing statute. Some statutes do not provide for specific investment of funds nor for any interest to be paid while others may j specify that any interest earned on fund investments is to be credited to General Fund revenues rather than to the specific fund. (5) Funds and Cash Assets Accounting and Reporting—In accordance with statutory or administrative requirements, separate accounts are maintained for each of the individual accounts included in these fund divisions. Where required by the governing legislation or administrative policy, separate bank accounts and/or specific investment accounts are also maintained. Otherwise the cash assets together with any uninvested balances of funds are held In the General Fund cash and temporary investment accounts for purposes of administration and cash management. Interest due to individual funds or accounts on such balances is paid or allocated at market rates. At the close of the year these cash balances are reported in the assets of the applicable fund divisions in the financ ial statements together with the balances held in the specific bank and investment accounts. D. Commitments' No provision is made in the accounts for commitments under construction or other contracts in force at the year-end. 2. Cash and Investments Investments are recorded at cost with the exception of long-term debt securities held by the Superannuation Funds which are recorded at the lower of cost or par since premiums paid on these securities are written off at the time of] purchase. No allowances or provisions for losses on realization of investments are included in the accounts; any such | losses, or gains, are accounted for at the time of sale or maturity. At March 31, 1980, SI ,664,871,328 of the investments held are securities issued or guaranteed by the Province. 3. Crown Service Corporations Functions formerly performed internally by the Government are the responsibility of two Crown corporations formed to provide facilities and services to the Government on a fee-for-service basis. J PUBLIC ACCOUNTS 1979/80 A ]( (1) The British Columbia Buildings Corporation provides building accommodation and related facilities and services to Government ministries on a rental and service fee basis. AH Government buildings except the Legislative Buildings, Government House and certain other properties have been transferred to the . Corporation. Consequently, expenditures for the construction, maintenance and related costs of public buildings are no longer direct budgetary expenditures of the Government—primarily of the Ministry of Highways and Public Works—but are incurred by the Corporation and recovered through annual building occupancy charges to user ministries which are included in their budgetary expenditures. In consideration for the income-producing properties transferred from the Government, and which had been charged to Government expenditures in prior years, the Corporation issued a noninterest bearing note to the Province dated March 31, 1978 in the amount of $143,570,934 being the deemed cost of depreciable properties included in the determination of the occupancy charges. The note is payable in 29 semi-annual $5 million instalments which are credited to budgetary revenue when received by the Province thereby offsetting on an aggregate basis the deemed-costs portion of the annual building occupancy charges payable by the ministries. A second noninterest bearing note for $44,357,184 was issued to the Province by the Corporation. This note is payable by one instalment of $3 million on June I, 1980, ten subsequent annual instalments of $3.8 million starting June 1,1981 and one final instalment of $3,357,184 June 1, 1991. The Province also receives dividends from the Corporation from time to time which are credited to budgetary revenue. (2) The British Columbia Systems Corporation is responsible for the provision of data processing services to ministries on a fee-for-service basis. Its annual net income is payable to the Province and is included in budgetary revenue. K Financial statements of these corporations are included in Section F. 4. British Columbia Railway Company [ The Province holds the entire issued share capital of the Railway and, pursuant to the British Columbia Railway Eiance Act (formerly the British Columbia Railway Construction Loan Act), guarantees the payment of the principal and interest of all monies borrowed by the Railway. The historic cost of the shares was $ 185,572,900 and, at March 31,1980, ra amount of the debt guaranteed by the Province (net of sinking funds) was $727,495,239. | In view of the cumulative deficit of the Railway ($348,497,000 as at December 31,1979) the Province's investment in the Railway has been written down to one dollar. However, the debt of the Railway which is guaranteed by the Province is not recorded as direct debt of the Province since the Government has stated its intention to provide for the debt service charges of the Railway on an ongoing basis. I British Columbia Railway Company's debt servicing charges for the next five fiscal years ending March 31, 1981 through March 31, 1985 are estimated to be $87.4, $82.1, $80.9, $79.7 and $79.7 million respectively. Llg. Ocean Falls Corporation ■ Ocean Falls Corporation, established in 1973, acquired the Crown Zellerbach Canada Limited newsprint mill and HTOmsite at Ocean Falls for a payment of $789,952. As at March 31, 1980 the Provincial Government had also advanced i the Corporation $10 million. I As a result of detailed studies into the availability of timber supply and the economics of continuing mill production Mj^ decision was made to cease operation at the beginning of June, 1980. The Corporation incurred a loss of $26,865,637 M^the year ended December 31,1979 after providing $19,355,819 for the estimated costs of terminating mill operations, .resulting in a cumulative deficit of $32,327,044. Win these financial statements full provision has been made to write-off the investment in and advance to the I ICorporation, but no provision has been made for the outstanding obligations of the Corporation estimated at $33 million as . at September 30, 1980. 6. Guaranteed Debt I In addition to the direct debt included in the liabilities of the General Fund, the Province also guarantees debt l|g:urities issued by local governments and Crown corporations and agencies and the obligations of other enterprises under L certain Government programs. This debt is generally self-sustaining, however, that issued by school and regional hospital llastricts and educational institutions is serviced in part by contributions from the Province through existing grant formulas. Uffifiscal 1979/80 these contributions were approximately $93 million or 60 percent of the total debt service costs payable. [ As a result of over-all Government financing policies $3.6 billion of the guaranteed debt is held in Provincial public : sector superannuation, pension and other funds, of which $214 million is held by the General and Special Purpose Funds and is deducted from the grand total of guaranteed debt. Canada Pension Plan funds made available to the Province ($2.4 llgllion) are also invested in these long-term securities, but are subject to earlier redemption by the federal Minister of UEnance on six months' notice for the requirements of the Plan. [ The guaranteed debt is disclosed in the schedules to the Statement of Assets and Liabilities. I A 12 PROVINCE OF BRITISH COLUMBIA 7. Superannuation and Pension Plans A. Public Service Superannuation Plan This plan is financed by employee contributions, matching employer contributions, and additional employer contributions paid at the time each allowance is granted for any shortfall between the actuarial present value of the allowance and the accumulated employee and matching employer contributions. Under the Pension (Public Service) Act. an actuarial valuation of the plan is required to be conducted at least once every five years. The most recent valuation was conducted as at March 31, 1977. In that report the actuary indicated that, if the plan was financed on the entry age normal basis, a basis frequently! employed by private pension plans, there would be an actuarial liability as at March 31, 1977 of about $154 million in| respect of basic benefits. In the actuary's opinion, aggregate statutory contributions, as described above, will exceed entry age normal contributions and he has estimated that these contributions will be sufficient to fully amortize the $ 154 million actuarial liability over a period of approximately 20 years if all actuarial assumptions are realized. An actuarial report as at March 31, 1980 is in preparation. Allowances in payment are automatically adjusted quarterly to reflect increases in the Consumer Price Index. Such pension supplements are financed on an approximate "pay-as-you-go" basis by contributions of one-half per cent of salary by both employees and employer. Actuarial liabilities associated with such increases are not funded under the] statutory financing provisions, but there is provision for both employee and employer contributions to be increased to t pen cent of salary when required to maintain the financing on a "pay-as-you-go" basts. There is no statutory provision for any additional contributions beyond this to finance these post-retirement supplements even though it is possible that in future such contributions would be required to maintain financing on the "pay-as-you-go" basis. The actuary reported that as at March 31,1977 there was an actuarial liability of $37 million in respect of the pension supplements granted up to that date. Statutory amendments were passed by the Legislature in August 1980. The significant provisions are for annual. rather than quarterly, cost of living supplementary allowances, payable to the extent that monies equal to the capitalized value are available in an Inflation Adjustment Account created for the purpose, for an increase in employee and employed contributions of 0.5 per cent of salary, and for an increase of 0.75 per cent of salary (to 1,25 per cent I in the allocation on employee and employer contributions to the Inflation Adjustment Account. B. Teachers' Pensions Plan Under the Pension (Teachers) Act the Province is responsible for the employer contributions to the Teachers" Pensions Fund administered by the Commissioner of Teachers* Pensions; these contributions are included in the budgetary expenditures of the Ministry of Education. A report on the administration of the plan and fund is made annually to the Legislature. This plan is financed by teacher contributions, matching Government contributions, and additional Government contributions made to ensure that at any time the assets in the fund are at least equal to the actuarial present value of all allowances which are in effect and the total amount of contributions, accumulated with interest, held in the fund on behalf of teachers in respect of whom no allowance has been granted. Under the Pension (Teachers) Act, an actuarial valuation of the plan is required to be conducted by an actuary at least once in each consecutive five-year period. The most recent valuation was conducted as at December 31. 1977. In (hat report the actuary recommended that the statutory basis of contributions be strengthened so that contributions, in future, would be sufficient to fully finance benefits for all new entrants to the plan and to hold the actuarial liability constant as a percentage of future teacher payroll. On this basis, he advised that the actuarial liability was $548 million for basic benefits. While this represents an increase of $80 million since December 31,1974. the report stated that the plan "funded ratio" has improved. Allowances in payment are automatically adjusted quarterly to reflect increases in the Consumer Price Index. Such \ pension supplements are financed on an approximate "pay-as-you-go" basis by contributions of 1 percent of salary by J both teachers and Government. Actuarial liabilities associated with such increases are not funded under the statutory financing provisions. There is no statutory provision for any additional contributions to finance these post-retirement | supplements even though it is possible that in future such contributions would be required to maintain financing on (heJ "pay-as-you-go" basis. Statutory amendments were passed by the Legislature in August 1980. The significant provisions are for increased contributions exceeding 2 percent of salaries by the Province as well as a 0.5 per cent increase in contributions by teachers in relation to basic pension benefits, and for annual, rather than quarterly, cost of living supplementary allowances,'! payable to the extent that monies equal to the capitalized value are available in an account created for the purpose.! 8. Subsequent Events A. Revenue Surplus Account and Statutory Appropriations 1980/81 During the 1980 spring and summer session of the Legislature the Minister of Finance was authorized to appropri ate a total of S573.250.000 from the Revenue Surplus Account (balance of $544,736,656 as at March 31. 1980) or the: Consolidated Revenue Fund by the following Acts: Special Purpose Appropriation Act, 1980— $168,650,000. Forest and Range Resource Fund Act—$146,600,000. Special Funds Act. WHO— $188,000,000. British Columbia Railway Finance Act Amendment—$70,000,000. Ji PUBLIC ACCOUNTS 1979/80 A ,3 IB. Trade and Convention Centre Act Under the Trade and Convention Centre Act the Legislature authorized the expenditure of $20 million and $5 million Respectively for the Vancouver and Victoria Trade and Convention Centres. The Act requires repayment to the Consolidated Revenue Fund of the $10 million and $2.5 million respectively appropriated during the 1979/80 fiscal year Bbr the Vancouver and Victoria Trade and Convention Centre Funds. 19. Comparative Figures Where applicable, the 1979 figures provided for purposes of comparison have been restated to conform with the presentation used in the current year. These restatements have had no effect on the reported net results of operations for the previous year. PUBLIC ACCOUNTS 1979/80 SECTION B SCHEDULES TO STATEMENT OF ASSETS AND LIABILITIES CONTENTS Page | General Fund— Assets B 2 Liabilities B 6 General Fund excess of assets over liabilities B 7 Kpecial purpose funds— Assets B 9 Summary of transactions and balances of funds B 11 Superannuation funds— Assets B 12 Summary of transactions for the year ended March 31, 1980 B 14 Trust funds—assets, fund balances..^*... B 15 ■Guaranteed debt B 16 ■Details of direct debt B 18 B2 PROVINCE OF BRITISH COLUMBIA SCHEDULES TO STATEMENT OF ASSETS AND LIABILITIES AS AT MARCH 31,1980 GENERAL FUND ASSETS Cash and Temporary investments Cash Cash on hand and in chartered banks in Canada Cash in banks in England (converted at current rate). Cash in banks in United States (Cdn.'dollars) Temporary Investments (at cost)—listed below Less amounts applicable to: Special purpose funds (page B 9) Superannuation funds (page B 12) Trust funds (page B 15) (See note below) Total cash and temporary Investments.... Securities Held (listed at par value)— Short-term deposits with chartered banks, trust companies, etc.— Bank of British Columbia Bank of Montreal Bank of Nova Scotia British Columbia Central Credit Union Canadian Commercial Industrial Bank Canadian Imperial Bank of Commerce Continental Bank of Canada Co-operative Trust of Canada....... Federal Business Development Bank First City Trust Company Mercantile Bank of Canada National Bank of Canada Provincial Bank of Canada Royal Bank of Canada Toronto Dominion Bank Other- British Columbia Buildings Corporation notes1 „.™„ :„: British Columbia Development Corporation note1 British Columbia Hydro and Power Authority parity bonds' British Columbia Railway Company notes' Canadian Dominion Leasing Corporation Limited note4 Canada Treasury Bills2 Export Development Corporation notes2 Procan Ltd. notes3 Less excess of par value over cost Total securities, at cost, above.. 1980 $ (11,207,163) 59,289 143,692 (11,004,182) 1,119,817,692 1,108,813,510 155,476,906 85,132,773 80,052,328 320,662,007 16,690,963 69,369,575 100,851,710 5,000,000 5,098,866 192,496,978 1,460,640 50,000,000 1,119,834,882 17,190 1,119,817,692 Net increase or (decrease) I during 1979/801 $ 1979 $ 12,182,558 82,585 547,815 12,812,958 753,950,741 766,763,699 342,049,8111 (23,389,721) (23.296) (404,123a (23.817,140) 365,866,9511 49,028,775 18,708,159 44,617,921 106,448,1311 66,424,6141 35,434,4071 112,354,855 208,307,1521 654,408,844 133,742,6591 13,816,450 81,128,365 79,023,662 10,000,000 222,159,073 7,200,000 1,009,300 489,165 22,326,320 24,837,200 20,000,000 — 8,522,491 229,564,660 133,684,500 290,510,211 75,506.159 993,569,968 669,176,320 46,000,000 20,000.000 29,000,000 23,000.000 9.682,500 30,000,000 20,000.000 2,442,450 9,090,600 — 49,364 12,801.780 754,148.400 197,659 753,950,741 1 Province of British Columbia guarantee. Government of Canada guarantee. Provincial Bank of Canada guarantee. 4 Bank of Montreal guarantee. NOTE—For purposes of administration and cash management the uninvested balances of the superannuation funds and various | special purpose and trust deposit funds are held in the general fund cash and short-term investment accounts. The balances as of March 31 are shown in the respective fund divisions as indicated above. PUBLIC ACCOUNTS 1979/80 B3 SCHEDULES TO STATEMENT OF ASSETS AND LIABILITIES Accounts Receivable From Other Governments, Agencies and Miscellaneous Accounts Government of Canada—re shared-cost program British Columbia municipalities—re shared-cost program British Columbia Systems Corporation Sundry agencies and miscellaneous accounts Working Capital Advances Purchasing Commission (Langford Warehouse) Liquor Distribution Branch Workers' Compensation Board Queen's Printer Miscellaneous advances—ministries S AND LIABI JTIES—Continued —Continued 1980 1979 Nel increase or (decrease) during 1979/80 $ $ $ 22,013.696 1,806,542 22,476,781 1,646,100 (463,085) 160,442 237,000 9,652,815 2,228,587 6,713,375 (1,991,587) 2,939,440 33,710,053 33,064,843 310,148 645,210 324,369 14,221 5,868,417 245,000 6,801,609 245,000 (933,192) 1,943,109 1,352,001 591,108 3,245,798 2,804,435 11,513,193 441,363 11,626,693 113,500 Other Recorded Assets Comprising The Capital Surplus Account NOTE—These accounts are included for record purposes only. Taxes and Other Accounts Receivable Property taxes 11,853,753 10,085,596 1,768,157 Social services tax* 5,626,004 4,501,025 1,124,979 Corporation capital tax* 1,020,806 560,289 460,517 Insurance premiums tax 11,489 15,017 (3.528) Logging tax* 559,813 1,557,218 (997,405) Mining and mineral land tax* 837,755 75,906 761,849 Probate fees and succession duties* 1,736,470 2,324,566 (588,096) Timber royalty and stumpage and grazing fees* .?...-. 112,355,270 88,292,320 24.062,950 Water licence fees 117,065 117,065 Social and health agencies 792,427 917,711 (125,284) Student-aid loans* 41,864 (41,864) Teacher-training loans* — 9,306 (9,306) Fanners' land-clearing, domestic water, and irrigation drainage assistance 15,191,495 13,027,333 2,164,162 Land sales (principal) 1,301,642 604,062 697,580 Sundry 177 (177) 151,403,989 122,012,390 29,391,599 * Net of provision for doubtful recoveries, aggregating $1,574,513 in 1979/80 and $3,041,588 in 1978/79. Loans and Other Advances \ School districts, library districts, improvement districts, and local areas (recoverable through rural property tax collections, mainly in next following year— Various school districts Various regional library districts Various improvement districts Miscellaneous ^ British Columbia Assessment Authority—advances j Water districts, co-operative associations and other— Various water and irrigation districts Various co-operative associations, etc 2,562.000 29,817,000 2,745,000 1,485,646 1,136,291 349,355 1,636,893 1,796,947 (160,054) 87,001 62,915 24,086 2,126,000 2,500,000 (374,000) 294,606 328,507 (33,901) 21,421 29,038 (7,617) B4 PROVINCE OF BRITISH COLUMBIA SCHEDULES TO STATEMENT OF ASSETS AND LIABILITIES—Continued GENERAL FUND ASSETS—Continued Loans and Other Advances—Continued Various enterprises re economic development— Ministry of Economic Development Act ....„^..™ Farm Products Industry Improvement Act* Pacific North Coast Native Co-operative Loan Act*... University Endowment Lands Administration Account Sundry* 1980 $ 27.890,596 3,752,149 4,184,887 45,420 74,086,619 1979 S 3,820,800 3,806.358 5397,092 4,184,887 54.199 52.934,034 21,152,585 Net increase-1 or (decrease)_ during I979flj S 24.069.7% J (54,209 (5.397,0921 (8.779) ;| * Net of provision for doubtful recoveries, aggregating $5,444,792 for 1979/80 and m7 for 1978/79. Investment in, and Advances to, Crown Corporations British Columbia Buildings Corporation—advances1' 2.. British Columbia Cellulose Company—entire issued capital stock of two common shares British Columbia Development Corporation—entire issued capital stock of 425,000 common shares of $100 each2 British Columbia Ferry Corporation—entire issued capital stock of 58.497 shares of $100 each British Columbia Harbours Board—advances British Columbia Railway Company—entire issued capital stock of 1,855,729 shares of $100 each2- -1 British Columbia Steamship Company (1975) Ltd.—entire issued capital stock of five common shares British Columbia Systems Corporation—advances I.O.K. Poultry Ltd.—100 per cent interest, 600 common shares at cost Ocean Falls Corporation*4 Amount paid to the corporation pursuant to the Ocean Falls Corporation Appropriation Act, 1973, for the purpose of acquiring the mill and other properties at Ocean Falls „ Advances , Surrey Farm Products Investments Limited (formerly Panco Poultry Ltd.)— Entire issued capital stock of 101,750 common and 11.027 preferred shares Pacific Coach Lines Ltd.— Entire issued capital stock of two common shares Advances* T.S. Holdings Ltd.— Entire issued capital stock of one common share Advances* m...„._. Thompson-Okanagan Transit Ltd.— Advance . . Urban Transit Authority Advance 57,984,108 123,570,934 34.413.17J 2 2 - 42.500.000 35,000,000 7,500.000 5,849,700 5,849.700 18,838,693 18.838,693 — 5 1.000.000 185,572,900 (185.572.899j 5 5.000,000 s.ooo.mioi 600 789,952 (789.952R; 10,000,000 oo.ooo.ooojt: 4,800,000 (4,799.999) ,088,204 (1.088,204)] — 2,850.538 (2.850.538) 50,000 - 50.00(1 1.949.681 1.949.69 237,172,194 393,361,531 (156,189.337) • Net of provision for doubtful recoveries, aggregating $14,689,879 in 1979/80 and nil in 1978/79. ' Pursuant to the British Columbia Corporation Act (Order in Council 763/78), the British Columbia. Buildings Corporation issued a noninterest bearing promissory note to the Province dated March 30. 1978. in the amount of $143,570,934 payable in 8 semiannual instalments of $5,000,000 in payment for the completed buildings transferred to the Corporation by the Province. A second noninterest bearing note for $44,357.184 was issued to the Province by the Corporation in settlement of additional properties transk-tredta ! the Corporation including buildings under construction at March 31.1978. and now completed. This nine is payable by one ins ml merit of $3,000.000onJune 1.1980, ten subsequent annua] instalnwntsof S3.800.OOOitaning June 1.1981 andone final inilalrncnlofSV ^7.184 June I, 1991. In addition to the above investments and advances, short-term notes are held in Temporary Investments (page B 2) as follows: j British Columbia Buildings Corporation—$46,000,000 repayable June 1. 1980. British Columbia Development Corporation—$29,000,000 repayable on demand. British Columbia Railway Company—$30,000,000 repayable September 30. 1980. See Note 4, page A 11 —British Columbia Railway Company. See Note 5, page A 11 —Ocean Falls Corporation. PUBLIC ACCOUNTS 1979/80 SCHEDULES TO STATEMENT OF ASSETS AND LIABILITIES—Continued GENERAL FUND ASSETS—Continued Investments, Other British Columbia Resources Investment Corporation1 — 4.65 percent interest, 4,475,870 common shares at cost Note Chef Ready Foods Ltd.—33.33 per cent interest, 10,000 common shares at cost* Kootenay Dehydrators Ltd.— 35.9 per cent interest, 2,000 Class A common shares at cost RH Entire issued capital stock of 98,000 Class B common shares at cost .?&!: South Peace Dehy-Products Ltd. — 27.7 per cent interest, 277 nonvoting common and 277 voting preferred shares at cost* 1980 $ 45,206,242 2,000 98,000 1979 $ Net increase or (decrease) during 1979/80 5 45,206,237 151,532,930 (151.532,930) 85,000 2,000 98,000 554 (85,000) (554) 151,718,489 (106,412,247) " Net of provision for doubtful recoveries, aggregrating $85,554 in 1979/80 and nil in 1978/79. Fixed Assets Gross Less depreciation2.. 1,744,149,550 142,299,293 2,466,671,095 131,064,884 277,478,455 J1,234,409 2,601,850,257 2,335,606,211 266,244,046 Detail as of March 31,1980— $ Highways' 2,244.847,781 Bridges 437,130,424 Wharves 203,250 Ferries and ferry landings 37,360,358 Buildings" 23,834,047 Songhees Reserve, Victoria... 773,690 2,744,149,550 2,244,847,781 127,889,607 309,240,817 203,240 10 8,801,901 28,558,457 5,404,545 18,429,502 773,690 142,299,293 2,601,850,257 Pursuant to the British Columbia Resources Investment Cotporau'on Act (Order in Council 532/79) the Province approved its plan to gift shares to eligible residents of British Columbia, and to exchange the promissory note in the Corporation of $151,532,930 for [ 15,000,000 common shares. Subsequently, 10,524.135 shares were distributed, leaving the Province with an added investment of B.475,865 shares in the Corporation? * I 2 Fixed assets, other than highways and the Songhees Reserve (land) account, are depreciated on the straight-line method over a 40-year period through memorandum charges to Capital Surplus Account. 1 Placed on the books March 31, 1926. by order of the Treasury Board, based on mileage classification and average value determined by the then Depanment of Public Works, plus additions to date. 4 These totals include the cost for buildings for the Legislative Buildings, Government House, and Glendale Laundry. All other ■buildings were transferred to British Columbia Buildings Coporation on March 30, 1978. (See Note 3 page A 10—Crown Service Corporations.) B 6 PROVINCE OF BRITISH COLUMBIA SCHEDULES TO STATEMENT OF ASSETS AND LIABILITIES—Continued GENERAL FUND LIABILITIES Outstanding Cheques Accounts Payable £&.&.£gfl£,> Other Current Liabilities Accrued interest payable on public debt Education tuition fees Guarantee and performance deposits—contractors, licensees, etc Holdbacks on construction contracts Hospital construction funds held pending claims by hospitals Municipal vehicle licence account Petroleum production credits redeemable upon performance of exploration development work Suspense— Permit and licence applications Taxes, fees, etc Miscellaneous ministerial accounts Unmatured Debt (British Columbia Deficit Repayment Act 1975-76 (1976, chap. 6)) Bonds— Series BD: Due May 1, 1988, 9'/s percent 1980 $ 107,692,756 1979 $ 138,459,407 Net increase or (decrease) 1 during 1979/30 S (30,766,6511 149,334,494 164,300,462 (14,965,968) 8,884,379 9,869,654 8,000,000 (985,2751 (8,000,000] 2,883.979 5,955,394 141,561 354,872 2.177,984 4,396,199 151.318 348,337 705,9951 1.559,1951 (9,7571 6,535 1 44,650 571,470 (526,8219 5,554,871 2,671,631 5,233,006 6,857,021 2.183,849 5,061,322 (1.302,1501 487,7821 171,684 31,724,343 39,617,154 (7.892,811); 235,347,790 (26.100,000); PUBLIC ACCOUNTS 1979/80 B 7 SCHEDULES TO STATEMENT OF ASSETS AND LIABILITIES—Continued GENERAL FUND EXCESS OF ASSETS OVER LIABILITIES I Revenue Surplus (Deficit) Account (arising from revenue sources) $ Surplus, April 1, 1976 to date- Balance at March 31, 1979 356,609,857 Add (deduct) net transactions for year (page A 5) Budgetary surplus 630,907,635 Nonbudgetary expenditure (net) (223,589,643) Revenue surplus appropriation expenditure (219,191.193) § ■ ' ' 188,126,799 Balance at March 31, 1980 544,736,656 Deficit at March 31, 1976, funded pursuant to the British Columbia Deficit Repayment Act, W75-76(page B 6) (235,347,790) Balance of Revenue Surplus Account at March 31, 1980 309,388,866 Capital Surplus Account (arising from capitalization of assets) Balance at March 31, 1979 3,055,632,655 Add net credits during year Expenditure on fixed assets, less depreciation (page B 5) Gross Expenditure Depreciation $ $ Highways 247,387,468 — Bridges .-*.* 28,009,992 9,847,744 Ferries and ferry-landings 1,148,742 874,597 Buildings 932,253 512,068 277,478,455 11,234,409 266,244,046 Net increase in taxes and other accounts receivable (record purposes only, page B 3) 29,391,599 Net increase (decrease) in recorded loans and other advances (page B 3) School districts, improvement districts, etc.—increase in advances recoverable through rural property tax collections 2,958,387 British Columbia Assessment Authority— Advance issued 2,126,000 Repayments (2.500,000) (374,000) Water and irrigation districts— Repayments (30,099) Write-offs (3,802) Various Co-operative Associations— Repayments (6,068) Write-offs (1,549) .„ ,._. (7.617) Ministry of Economic Development Act—Advances issued— B.C. Native People's Credit Union 350,000 Low Interest Loan Assistance Program (administered by British Columbia Development Corporation) 17,678,000 Industrial Development Subsidiary Agreement 5,055,909 Travel Industry Development Subsidiary Agreement 985,887 . . _,„ 70- Farm Products Industry Improvement Act— Shares 5,000 Increase in funds held by trustee for claims settlement 18,839 Shares 1 Repayments (12,000) Write-offs (23,349) Provision for doubtful recoveries (42,700) ,-, 20m Pacific North Coast Native Co-operative Act— Provision for doubtful recoveries (5,397,092) Sundry Loans— Repayments (1,259) Write-offs (2,520) Provision for doubtful recoveries (5,000) ,ft 77Q. \2iUl> 21,152,585 ~— B8 PROVINCE OF BRITISH COLUMBIA SCHEDULES TO STATEMENT OF ASSETS AND LIABILITIES—Continued GENERAL FUND EXCESS OF ASSETS OVER LIABILITIES—Continued Net increase (decrease) in recorded investments in and advances to Crown Corporations (page B 4)— $ $ $ British Columbia Buildings Corporation— Annual instalment payment on advance received Promissory note received for depreciable assets transferred. ....... -„™„. Advance issued. (10,000,000) 44,357,184 55,990 British Columbia Development Corporation— Purchase of additional 75,000 common shares „..»..t....„., British Columbia Railway Company— Writedown in value of investment British Columbia Systems Corporation— Advance issued I.O.K. Poultry Ltd.— Proceeds on dissolution .*.:......'' Ocean Falls Corporation— Provision for doubtful recoveries .^£7...!.^ Pacific Coach Lines Ltd.— Provision for doubtful recoveries „.„"...;.. Surrey Farm Products Investments Ltd.—(formerly Panco Poultry) Return of capital on sale of assets T.S. Holdings Ltd.— Return of assets (38,815) Provision for doubtful recoveries J5.-M (2,811,723) Thompson-Okanagan Transit Ltd.— Advance issued ...':..-.: Urban Transit Authority— Advance issued 34,413,174 7,500,000 (185,572,899) 5,000,000 (600) (10,789,952) (1,088,204) (4,799,999) (2,850,538) 50,000 1,949.681 (156,189,337)1 Net increase (decrease) in investments, other (page B 5)— British Columbia Resources Investment Corporation— Conversion of the Corporation's $151,532,930 promissory note for 15,000,000 of the Corporation's common shares Gifting of 10,524,135 free shares to eligible British Columbia residents (106,326,693) Chef Ready Foods Ltd.—Provision for doubtful recoveries (85,000) South Peace Dehy-Producis Ltd.—Provision for doubtful recoveries (554) Balance of Capital Surplus Account at March 31, Combined balance of surplus at March 31, 1980 (Exces 980 ; of assets over liabilities).. (106,412,247fl 3.109,819,301 .3,419,208.1671 PUBLIC ACCOUNTS 1979/80 B 9 SCHEDULES TO STATEMENT OF ASSETS AND LIABILITIES—Continued SPECIAL PURPOSE FUNDS—ASSETS Net increase HH or (decrease) '980 1979 during 1979 Cash and Investments $ $ $ Cash (in banks) 944,836 (2,849) 947,685 Funds held in the General Fund cash and short-term investment accounts (page B 2) 155,476,906 49,028,775 106,448,131 Investments (at cost)—listed below 435,178,979 245,583,416 189,595,563 Total cash and Investments 591,600,721 294,609,342 296,991,379 Securities Held (listed at par value) Short-term deposits with chartered banks, trust companies, etc.— Bank of British Columbia 131,650 Bank of Montreal m 46,869,370 42,674,882 Bank of Nova Scotia 44,284,406 39,293,510 Canadian Imperial Bank of Commerce 21,438,893 40,809,615 First Bank (Bank of Montreal) 2,449,028 First City Trust Company 2,000,000 — Mercantile Bank of Canada 6,589,947 — National Bank of Canada 4,700,000 — Royal Bank of Canada 46,111,639 130,000 Toronto Dominion Bank 141,542,673 20,300,000 315,985,956 143,339,657 Other- British Columbia Hydro and Power Authority parity bonds' 8,141,000 9,852,700 British Columbia Railway Company parity bonds' 10,235,000 10,235,000 British Columbia Regional Hospital Districts Financing Authority bonds' 22,000,000 22,000,000 British Columbia School Districts Capital Financing Authority bonds' 59,092,000 60,443,000 Hydro Quebec notes2 20,000,000 435,453,956 245,870,357 Less excess of par value over cost 274,977 286,941 Total Securities, at cost, above 435,178,979 245,583,416 1 Province of British Columbia guarantee. 2 Province of Quebec guarantee. B 10 PROVINCE OF BRITISH COLUMBIA SCHEDULES TO STATEMENT OF ASSETS AND LIABILITIES—Continued SPECIAL PURPOSE FUNDS—ASSETS—Continued Other Assets NOTE—These assets are carrii where written down to reflect re> Crown Land Fund (pursuant to the Ministry of Lands. Parks and Housing Act) Accounts and advances receivable Advances to British Columbia Central Credit Union (First Mortgage Program) Mortgages receivable—secured Real estate ^-™.„........ :«£# ** Investment in, and advances to Housing Corporation of British Columbia— Entire issued share capital of 1,355,084 common shares al cost Advances Provincial Rental Housing Corporation— Entire issued share capital of three common shares at cost Advances vr™™-, British Columbia Housing Management Commission Advances 1980 $ d at cost ' :overablc v 1979 s Lottery Fund—working capital— Advance to the Western Canada Lottery Foundation.. Provincial Home Acquisition Fund—mortgage loans pursuant to the Provincial Home Acquisition Act and the Leasehold and Conversion Mortgage Loan Act* Net increase or (decrease) during 1979/80 S 17,274,881 14,704.567 2.570.314 562,530 562,530 20,140,492 10,103.619 10,036,873 74,100,102 88,986,343 (14,886.241) 5,799,760 5,799,760 900,000 1.300.000 (400,000; 633,511 633,511 37,412,488 24,808,621 12,603,867 3,000,000 7.000,010 (4,000.010) 159,823,764 153,336,431 100,000 6,487,333 100,000 193,763,872 220,717,364 (26,953,492) 353,687,636 374,153,795 (20,466,159) Summary of loan transactions during year (Provincial Home Acquisition Fund)— Loans issued 17,209.091 Deposits refunded (net) 1.8091 17.210,90(9 Less— Repayment of principal , .... 42,239,240 Statutory remissions , 211.487 Loans written off (uncollectable) 1.7)3.665 - 44,164.3921 Net decrease in book value of loans during year, as above .... (26.95.1.492) ■it PUBLIC ACCOUNTS 1979/80 B 11 lit o 3 o c © c ll i.R sis ,113 ,40! ,234 000 |s 3 1 I- O r 1 S5|| Is a. so O O O. — 3E 3 § oo c s |_s ^ ~2 1 ** 0*0© -j oo e», v5 r-l c SgSSg S5 Q*ed |o> -"sss^is" s S| s (CJSC £ g£j — oo r~* o"o"c |s'-"2's s a o — R 1 o t _ 1 SK 3 K |= | SSPS p gl~" 1 _~|Tr (2 ** i [n 00*© S 5 1 m lii'l1 1 Is' ' s i s' i ig" O ( se i s~ § 1 ~~i~ ss? -r, S_ 1 —^^T r^S H i 1 8 1 ! 8" i 1 8 1 StSS* 1 ( 1 * «o" 1 1 j i s i m^ £ 0&3 K S J_2 « l ■ 1 3 s f r. [ r^ M ? 3 w g s B **" -*» ^ ^" s f^* <** J | „ ■< 1 2KJ T 0\ gj 5 S|" s ~~i~ o e ■ o ** fc: i 00 St-J i ' 1 1 1 11SS i 11 oc in o i§!' 1 1 1 13 1 t o* i oo £ * M S ^ 00 ■E °in Vt i 1 o 1 § 1 1 1 1 1 « w II "I 1 s oo* 1 1 1 5 1 I 1 <N 1 E « o 1 1 1 n 1 1 1 1 1 II ■5 So O M < s —' -——' •^^- m vooc r- s VOO \D(S«OsO m n O O O ON ^^ u- « ro O no m i <S 1 -^ o i% ' '° § Oinvomg 1 r- g * <n*© O* S O* M o -^^--3 £J" *"M ^^"2. ■"Jj"1 ^5 s in g £ ssgg s S^«oo 5 P U.& •D ojj *»• c i 1 [ 1 I I I IS 1 gss'i 1 1 1 1 1 1 1 o 1 ss§s sS 0 (J O r- K •a « "ii2« B — v> m B n O EH.3 i © "* J2 £ " oo* 1 -^ 1 *•<* 1 n" 1 - I 1 1 « n 1 1 1 1 1 1 1 1 fll c S ' "" 1 i*i 1 n 1 >n 1 I 1 t- r- 1 1 1 1 1 1 1 1 1 r- (S u ' -C £ VD C o <o >oO o S » M o ooo o C i "* 1 1 C -* 11 1 1 o g"r-* 1 "*g I 1 1 o'o'o" 1 N* 1 1 1 ri c on | | o 1 o o o 1 t 1 1 1 o 81- So i — or" ~- 00 !0\fl o ^ 7~— J if o ooo © ~~ "^ ~ b f o_ o 5 o ** 8 §§'§' © —"no 1 r- c-> 1 O wj in O g i jj jn CN "" *" fj a s S ■ ■ - o a. | fi. i< ■o A •a ■ o .9 TJ H. 3 [I H r 1 = -C c £ : S j m VI XT W5 | 1 I c g<3 £Ti ■c ■a S .3 < 'i !l || Ph* Ul "3 2u5 < -e2ui= £ < IP £ i" 11 II. 111 1 d||| 3 i E 2 -a « !iii§a ^.u^J ..2". 1 lillll 5 « ..so" O V ■o « 4v52> si u, e t: ^ s 1 Ii 1 [j uc ^ rjoog£ v, 4? 1 Issll I : a.2c D ££ S£Q Ea 111 E~ O I = i rA ■£ S ° S g E oS Q . „»SS> M.2 :s§i £ S £y B12 PROVINCE OF BRITISH COLUMBIA SCHEDULES TO STATEMENT OF ASSETS AND LIABILITIES—Continued SUPERANNUATION FUNDS—ASSETS Cash and Investments Funds held in the General Fund cash and short-term investment accounts (page B 2) Investments (at lower of cost or par)—listed below (see note below i.^.^1 Total cash and Investments Securities Held Public Service Superannuation Fund— Debt securities (listed at par value)— Short-term deposits with chartered banks Province of British Columbia -. Province of Ontario Province of Quebec....,<.""...'. Province of Saskatchewan Government of Canada Manitoba Hydro-electric Commission (Province of Manitoba guarantee) .^~TJZ..^JL,~.J» Manitoba Telephone Systems (Province of Manitoba guarantee) Montreal Auto Route (Province of Quebec guarantee) i.- New Brunswick Electric Power Commission (Province of New Brunswick guarantee) Newfoundland and Labrador Hydro-electric Corporation (Province of Newfoundland guarantee) . . * Newfoundland Municipalities Capital Financing (Province of Newfoundland guarantee) Nova Scotia Power Corporation (Province of Nova Scotia guarantee).. Ontario Hydro-electric Power Commission (Province of Ontario guarantee) Quebec Hydro-electric Commission (Province of Quebec guarantee) ..... British Cdlumbia Educational Institutions Capital Financing Authority1 British Columbia Hydro and Power Authority1.... British Columbia Railway Company1 British Columbia Regional Hospital Districts Financing Authority1 ... British Columbia School Districts Capital Financing Authority1 British Columbia Steamship Company (1975) Ltd.' *.&*.... British Columbia municipalities' British Columbia improvement districts' British Columbia school districts1 Export Development Corporation2 Less excess of par value over cost 85,132,773 740,063,246 825.196.019 1979 S 18,708,159 670,842,507 8.870.335 38,419,394 115.157,990 127,407,790 1,030.000 1.030,000 1.501.000 1.501,000 9.286.000 8,342,000 33.284.000 28,719.000 312.000 312,000 70,000 70,000 - 250.000 1,595,000 1,595,000 723.000 700,000 5,000,000 5,000,000 2,347,000 2,325,000 40,476,000 40,376,000 5,051,000 4,983,000 1,025,000 _ 376,385.150 303,531,000 89,306.000 43,989,000 10,000.000 10.000,000 18.982,800 18,701,500 2.900,000 3,400.000 3,725,585 4,925.728 11,788,800 12,143,500 1,032,100 1.491,400 — 7,437,575 739.848,760 666,649,887 15.746,909 12,185,034 724,101,851 654,464.853 or (decrease) during 1979/80 S 66.424,614 69,220,739 689,550.666 135,645,353 Province of British Columbia guarantee. Government of Canada guarantee. NOTE—Investments are recorded at cost with the exception of long-ten recorded at the lower of cost or par since premiums paid on these securitie: i debt securities held by the superannuation funds are written off at the time of purchase. J PUBLIC ACCOUNTS 1979/80 B ,3 SCHEDULES TO STATEMENT OF ASSETS AND LIABILITIES—Continued SUPERANNUATION FUNDS—ASSETS—Continued 1980 1979 Securities Held—Continued $ $ Public Service Superannuation Fund—Continued Stocks (listed at cost)— Bank of British Columbia, 51,055 shares 1,147,589 1,147,589 British Columbia Telephone Company, 1,215,844 common shares 13,575.779 13,575,779 Canadian Pacific Limited, 1,200 common shares 19,800 19,800 Imperial Oil Limited, 300 common shares 12,712 12,712 International Nickel Company of Canada Ltd., 450 common shares 14,344 14,344 Total securities (at lower of cost or par) 738,872,075 669,235,077 Members of the Legislative Assembly Superannuation Account— Debt securities (listed at par value)— Short-term deposits with chartered banks British Columbia Hydro and Power Authority'.... British Columbia Railway Company1 British Columbia School Districts Capital Financing Authority' British Columbia improvement districts' British Columbia school districts' Government of Canada Ontario Hydro-electric Power Commission2 Province of Saskatchewan Less excess of par value over cost Total securities (at lower of cost or par) Total investments (at lower of cost or par), above — 400,000 1,009,000 1.009.000 20,000 20,000 90,000 90,000 — 10.000 9,200 16.800 28,000 28,000 40,000 40,000 15,000 15,000 1,211,200 1,628,800 20,029 21,370 1,191,171 1,607,430 740,063,246 670,842,507 Province of British Columbia guarantee. ! Province of Ontario guarantee. B 14 PROVINCE OF BRITISH COLUMBIA SCHEDULES TO STATEMENT OF ASSETS AND LIABILITIES—Continued SUPERANNUATION FUNDS—SUMMARY OF TRANSACTIONS FOR THE YEARS ENDED MARCH 31, 1980 and 1979 PUBLIC SERVICE SUPERANNUATION FUND 1980 Revenues and Credits $ Contributions— Employees u* 46,303,857 Province of British Columbia ™ 59,860,776 Other employers ;— ^ r^ 11,164,708 Transfers from other plans and funds (net) 3,909,986 Transfers from Member's Account (below)' „... 711,656 Interest on investments 63,931,846 185,882,829 Expenditures and Charges Superannuation allowances 34,198,437 Refunds— Employees 8.727.191 Province of British Columbia *. 7,490,209 50,415,837 1 Net Increase in fund during year..., 135,466,992 Balance at credit of fund at beginning of year 687,917,655 Balance at credit of fund at end of year 823,384,647 1979 S 42,426,674 54,543,461 9,972.738 1.777.210 323.362 45.690,379 154,733.824 27,953,683 6,031,800 5,107,284 39,092,767 115,641,057 572,276,598 687,917,655 MEMBERS OF THE LEGISLATIVE ASSEMBLY SUPERANNUATION ACCOUNT Revenues and Credits Contributions— Members 181,385 87,698 Province of British Columbia 568,354 163.958 Interest on investments...... '. 175.060 109.379 924,799 361,035 Expenditures and Charges Transfer to Pubic Service Fund (above)' 711,656 323,362 Refund—Members „.^:„......l „ 34,782 6,309 746,438 329.671 Net Increase in fund during year „._ 178,361 31,364 Balance at credit of fund at beginning of year 1,633,011 1,601,647 Balance at credit of fund at end of year 1.811,372 1,633.011 Superannuation allowances to former Members of the Legislative Assembly are paid from the Public Service Superannuation Fund I for purposes of administration. The capitalized values of the allowances are provided by transfer from the Members of the Legislative I Assembly Account. NOTE—For purposes of the Statement of Revenues and Expenditures (page AS) the two funds are combined; refunds are offset I against receipts and transfers between the two funds are eliminated. PUBLIC ACCOUNTS 1979/80 SCHEDULES TO STATEMENT OF ASSETS AND LIABILITIES—Continued TRUST FUNDS—ASSETS 1980 [Cash and Investments $ Cash in banks 6,391,036 nFunds held in the General Fund cash and short-term investment accounts (page B 2) 80,052,328 Short-term deposits with chartered banks and trust companies ... 80,873,041 investments—direct or guaranteed securities of the Government of Canada and the Provinces 847,828,887 [Total cash and Investments 1,015,145,292 B 15 1979 Net increase or (decrease) during 1979/80 <M§r-': $ 6,609,554 (218,518) 44,617,921 61,538,372 35,434,407 19,334,669 728,509,833 119,319,054 841,275,680 173,869,612 TRUST FUNDS—BALANCES Trust Deposits Bond redemption account (unclaimed bonds) Bond interest coupon account (unclaimed bond coupons)... Cemetery Tax Account ! Companies in liquidation [ Courts | Intestate estates [ Long term disability fund—Public Service Long term disability fund—Crown Corporations j Official Committee I Official Guardian j Patients' accounts, Provincial institutions I Miscellaneous Sinking Funds I British Columbia Buildings Corporation I British Columbia Educational Institutions Capital Financing Authority r British Columbia Ferry Corporation British Columbia Hydro and Power Authority I British Columbia Railway Company I British Columbia Regional Hospital Districts Financing Authority I British Columbia School Districts Capital Financing Authority Burnaby, District of ■ Greater Vancouver Sewerage and Drainage District I Queensborough Bridge account ■ Sundry improvement districts jgher ■ Elderly Citizens Housing Fund I Ferries Insurance Fund ■ Land Registry Assurance Fund L Travel Agents Assurance Fund | Workers' Compensation Board, Accident Fund bank account Total miscellaneous trust accounts 7,525 7,525 — 2,984 3,284 (300) 87,175 85,737 1,438 458,874 455,787 3,087 35,228,635 28,206,990 7,021,645 21,786,756 17,599,848 4,186,908 10,335,222 3,724,381 6,610,841 2,283,435 678,413 1,605,022 32,855,355 22,890,119 9,965,236 8,087,984 6,722,683 1,365,301 454,285 375,202 79,083 709,807 47,449 662,358 112,298,037 80,797,418 31,500,619 3,317,512 1,281,568 2,035,944 974,772 121,089 853,683 20,698,377 27,778,759 (7,080,382) 411,141,419 348.834.604 62,306,815 118,431,893 100,076,128 18,355,765 70,087,999 52,987,325 17,100,674 240,938,748 192,957,349 47,981,399 6,999 780,510 (773,511) 22,451,440 19,979,917 2,471,523 991,799 1,247,984 (256,185) 5,599,919 5,991,644 (391,725) 894,640,877 752,036,877 142,604,000 1,556,462 1,473,967 82,495 5,309,773 4,751,785 557,988 874,040 840,938 33,102 390.630 262,914 127,716 75,473 1,111,781 (1,036,308) 8,206,378 8,441,385 (235,007) 1,015,145,292 841,275,680 173,869,612 kU T 5 PROVINCE OF BRITISH COLUMBIA SCHEDULES TO STATEMENT OF ASSETS AND LIABILITIES—Continued GUARANTEED DEBT Debt of Municipalities, Other Local Governments, and Crown Agencies, Etc.. Guaranteed by the Province (net) as to Principal and interest - 1980- Less 1979^- 10,524,900 Gross Sinking Net Net I Outstanding1 Funds- Outstanding Outstandi» $ s s s $ I Municipalities and other local governments— (1) Guarantees authorized pursuant to the Public Schools Act (principally funded).... 1,031,228,600 Less: held by British Columbia School Districts Capital Financing Authority 1,025,102,000 , fn&&& ° 6, 126,600 (2) Guarantees authorized pursuant to sec. 46, Regional Hospital Districts Act 445,744.000 Less: held by British Columbia Regional Hospital Districts Financing Authority 445,744,000 (3) Guarantees authorized pursuant to sec. 3, Municipalities Assistance Act (principally serials) „.. '.\.z„ M..,k.;,(u». (4) Guarantees authorized pursuant to sec. 12, Improvement Districts Assistance Loan Act; Debentures (principally serials) ....:™.,.« (5) Greater Vancouver Sewerage and Drainage District debentures (some serials)....;,...,-.... Subtotal, municipalities and local governments....j;.-. Crown agencies*— (6) Guarantees authorized pursuant to sec. 8, British Columbia Educational Institutions Capital Financing Authority Act—debentures—funded 59,831,000 976.910 58.854,090 25.167.95 (7) Guarantees authorized pursuant to sec. 46, British Columbia Hydro and Power Authority Act, 1964 — Bonds and debentures—funded .. 5,690,331,182 419.730,332 5,270.600,850 4,787.581,9; Parity bonds—unfunded.^. 25,000,000 25.000,000 50,0™ (8) Guarantees authorized pursuant to sec. 17, British Columbia Railway Company Construction Loan Act5— Bonds and debentures—funded 822,693,000 125,197,761 697,495,239 630.037M Notes—unfunded 30.000,000 30,000,000 20.000,0 i 28,268,040 — 28,268.040 32,0 2,48 25,451,100 6,024.211 19,426,889 20.072,13 19,795,000 19.783,325 11,675 53,833,204 2.08ljjB 79,640,740 25,807,536 64.690,57 -id PUBLIC ACCOUNTS 1979/80 B ,? SCHEDULES TO STATEMENT OF ASSETS AND LIABILITIES—Continued GUARANTEED DEBT—Continued 1980 — 1979 — Less Gross Sinking Funds- Net Outstanding1 Outstanding Outstanding ■ Crown agencies4—Continued $ $ $ $ (9) Guarantees authorized pursuant to sec. 28, British Columbia Ferry Corporation Act,— bonds and debentures—funded 15,463,000 15,463,000 (10) Guarantees authorized pursuant to sec. 9, British Columbia School Districts Capital Financing Authority Act,—debentures—principally funded 1,025,102,000 247,775,878 777,326,122 741,349,191 (11) Guarantees authorized pursuant to sec. 9, British Columbia Regional Hospital Districts Financing Authority Act,—debentures—funded 472,244,000 72,003,338 400,240,662 333,984,536 (12) Guarantees authorized pursuant to sec. 8, British Columbia Cellulose Company Act, 1973 {U.S. funds) 24,000,000 24,000,000 30,500,000 (13) Guarantees authorized pursuant to sec. 4 A, Ministry of Environment Act re B.C. Steamship Company (1975) Ltd 2,900,000 — 2,900,000 3,400,000 (14) Guarantees authorized pursuant to sec. 12, British Columbia Buildings Corporation Act, 1976— Debentures—funded 86,386,000 3,382,254 83,003,746 66,777,132 Notes—unfunded 46,000,000 — 46,000,000 20,000,000 [ (15) Guarantees authorized pursuant to sec. 14, Development Corporation of British Columbia Act, 1974—notes 29,000,000 29,000,000 25,600,000 Subtotal, Crown agencies.... 8,328,950,182 884,529,473 7,444,420,709 6,734,398,655 Resources enterprises— (16) Guarantees authorized pursuant to sec. 3, Farm Products Industry Improvement Act, 1973, 2nd Sess .„.....> 7,293,889 — | (17) Guarantees authorized pursuant to sec. 3, Agricultural Credit Act, 1973, 2nd Sess. ... 3,718,456 ~ f (18) Guarantees authorized pursuant to sec. 4(3), Ministry of Economic Development Act.... 45,080 — 7,293,889 8,252,592 3,718,456 3,604,669 45,080 198,400 Subtotal, resource enterprises 11,057,425 11,057,425 12,055,661 Grand total, all guaranteed debt 8,419,648,347 910,337,009 7,509,311,338 6,811,144,886 Less: Investments held by General and Special Purpose Funds6 214,150,500 214,150,500 165,530,700 Net total, all guaranteed debt 8,205,497,847 910,337,009 7,295,160,838 6,645,614,186 1 Except in the case of the British Columbia Hydro and Power Authority where debt payable in United States dollars is translated to Canadian Collars at the rates of exchange prevailing at the date the debt was incurred, debt payable in United States dollars is recorded at par. Translation of die debt payable in United States dollars at the rate of exchange as at March 31,1980, would increase (he total gross debt outstanding by approximately S293 million. 2 Sinking funds comprise cash and investments recorded at par value plus accrued interest except for Item (7) recorded at book value plus cash and accrued interest and Item (9) shown at an adjusted value equivalent to the debt outstanding (book value plus accrued interest equals ■20,905,651). Translation of securities payable in United States funds, including accrued interest, at the rate of exchange as at March 31, 1980, would increase the total value of sinking funds by approximately $16.3 million. 3 Repayable serially, issued prior to the formation of the School Districts Capital Financing Authority. I 4 See Section F, for details on maturity dates, interest rates, and redemption features of these Crown Agencies. I sSee Notes to Financial Statements, page All, British Columbia Railway Company. I 6 See pages B 2 and B 9 for the breakdown of investments held by the General and Special Purpose Funds. 1 NOTE—See Notes to Financial Statements, page All, Guaranteed Debt. Ua 1 PROVINCE OF BRITISH COLUMBIA i 11 Ii! 1* 1 I II 2 Ii tu Li r «> J" 5J If 1 1 H 1 8" j § j I H |J I f I — E.o ■^ eg ■C U o llMf u= 2 ■¥ a -'( II "J Ss.2! E S-1? ! [ Ecq~ s m c a i.& ■° u 5 Z I « "fPi 1 I * g J "te J o W h oa w ,«o ,CJ J § ^ =3 Q, 5> Q PUBLIC ACCOUNTS 1979/80 SECTION C SCHEDULES OF GENERAL FUND REVENUE AND EXPENDITURE CONTENTS Revenue for the fiscal year ended March 31, 1980 — Details by source C Expenditure for the fiscal year ended March 31, 1980 — Budgetary expenditures and appropriations by ministries — Legislation fj Auditor General C Ombudsman C Executive Council C Min sMini Min Min Min Min Min Min Min Min Min Min Min Min Min Min Min Min Min Min .stry of Agriculture C stry of Attorney General C stry of Consumer and Corporate Affairs C 5 Page 2 listry of Deregulation C 5 listry of Economic Development C 6 listry of Education, Science and Technology C 6 istry of Energy, Mines and Petroleum Resources C 6 listry of Environment C 7 listry of Finance C 7 listry of Forests C 8 listry of Health C 8 listry of Human Resources C 8 listry of Labour C 9 listry of Lands, Parks and Housing C 9 listry of Municipal Affairs C 9 tistry of Provincial Secretary and Government Services C 10 listry of Tourism and Small Business Development C 10 dstry of Transportation, Communications and Highways C 11 listry of Intergovernmental Relations C 11 dstry of Universities, Science and Communications C 11 Nonbudgetary expenditure C 11 Expenditure (Revenue Surplus Appropriations) C 12 I ' C 2 PROVINCE OF BRITISH COLUMBIA DETAILS OF REVENUE FOR THE FISCAL YEAR ENDED MARCH 31,1980 Estimated SOURCE Received % $ S S TAXATION REVENUE I.NI.000.000 Personal income .... 1,215,963.618 376.000.000 Corporation income .... 434,676,109 S8S.000.000 Social services .... 630.280,209 184.000.000 Gasoline ... 191.829.81S 24,000.000 Motive-fuel use 25.762,109 2.000.000 Fuel oil 2,197.075 66.000,000 Cigarette and tobacco .... 66,837,073 42,000,000 Corporation capital .... 46,802.306 20.000,000 Property .... 21,510.276 15.000.000 Insurance premiums 15,795.129 12,000.000 Hotel and motel room .... 12.306.581 10.000.000 Pari mumel betting .... 8.443,861 1.000,000 Succession and gift 1.464,726 2.478.000.000 Total taxation revenue 2,673.868.887 NATURAL RESOURCE REVENUE Minerals — Petroleum and natural gas — 170.000,000 British Columbia Petroleum Corporation 320.825.000 120,000,000 Permits and fees 229,784,585 41.000.000 Petroleum and natural gas royalties 48.055.392 16.000.000 Mining tax J.U 20.178.901 9.600.000 Mineral resource tax 27,916,997 9.300.000 Mineral land tax :....': 9.869.834 4.000.000 . Coal, minerals, and metals royalties ,..£—.3— 4.717.673 4.600.000 Miscellaneous mining receipts 6.059.189 374,500,000 Lands and forests — 40.000.000 Logging tax „..L..ZJ'..~ l~£ 44.054,140 164.000.000 Timber sales' :.. 538.642.080- 12.000.000 Timber royalties 15.014,550 5,500.000 Land leases, tenuis and fees '.:..'.'.'. 9.841.518 1,500.000 Miscellaneous lands and forest receipts ...........I, 1.814.362 223.000.000 609.366,650 Water resources — 15.000.000 Water rentals and recording fees ;,..... 14.994.374 6.000.000 Wildlife Act — fees and licences 6,267.798 618.500.000 Total natural resource revenue 1.298.036.393 OTHER REVENUE Sales and service fees — Land sales 4.164.633 Motor-vehicle lien and search fees 3.882,880 Medicare services recoveries ,„-: 5.681,409 Ferry revenue 2,504,748 Ambulance service 2.600,175 Forest scaling fees 8,519,501 Land clearing receipts 2,305,259 Land Registry fees 24,081<433 Sheriffs* fees ..*....„ 1.123.500 Publications Service Branch 866,538 Receipts from Beautiful British Columbia Magazine 1.650.988 Miscellaneous parks receipts 1.676,519 Miscellaneous sales and services 6,190,211 1 Timber sales are reported net of allowances of $34,209.116 made to operators for expenses reforestation, etc.. on Crown land. J PUBLIC ACCOUNTS 1979/80 DETAILS OF REVENUE FOR THE FISCAL YEAR ENDED MARCH 31, 1980—Continued Estimated SOURCE Received OTHER REVENUE—Continued Licences and permits — 71,000,000 Motor-vehicle licences and permits 67,927,334 4.500,000 Companies Branch 5,155,875 2,200,000 Electrical energy inspection fees 2,413,254 1,800,000 Fire Marshal Act— fees, etc 1.941,468 2.150,000 Law stamps r.i 2,196.492 8.100,000 Liquor Licensing Branch — permits and fees 9,487,304 1,800,000 Probate fees ) 1,396,005 1,540,000 Camp-site permits and park use 1,578,852 4.910,000 Miscellaneous licences and permits 5,486,100 ■8.000.000 97,582,684 12,000,000 Fines and penalties 12,807.290 52,000,000 Interest from investments 84,424,627 Miscellaneous — Institutional maintenance receipts — 7,100,000 Maintenance of children 8.341,072 3,500,000 Other maintenance receipts 3,948,959 Miscellaneous revenue — 4,400,000 Insurance claim receipts 5,065,695 4,800,000 Superannuation Branch — cost of recoveries 8,676,145 1,400.000 Glendale laundry receipts — 15,250,000 Other miscellaneous revenue 16,987,427 36,450.000 43.019.298 263.450.000 Total other revenue 303,081,693 CONTRIBUTIONS FROM GOVERNMENT ENTERPRISES 215,000.000 Liquor Distribution Branch — net profit 224,073,996 British Columbia Buildings Corporation— 10.000,000 Dividends 10.000.000 10.000.000 Repayment of capital advances 10.000.000 — British Columbia Systems Corporation—net profit 237,000 235,000,000 ' Total contributions from Government enterprises CONTRIBUTIONS FROM OTHER GOVERNMENTS Canada — 600,000.000 Established programs financing 593.409,000 242,000,000 Canada assistance plan 254,873,813 Other shared-cost programs — 37,000,000 Adult occupational training 27,700,308 4,700,000 Water planning and management 5,529,908 20,000.000 Economic development 14,428,477 9,900,000 Transportation and highways 10,942,317 31.300,000 Other federal payments 37,073,079 944,900,000 943.956,902 300,000 Percentage of power corporation tax 924,195 2.100,000 Statutory subsidies 2.116,848 947,300.000 Subtotal, Canada 946,997.945 25.200,000 Municipal share of joint-service programs 28,861,534 — Other Provinces 176,110 Total contributions from other Governments Total budgetary revenue NONBUDGETARY Recovery of unearned premium reserve from I.C.B.C 2,810,368 Recovery of advances to B.C. Assessment Authority 2,500,000 Sale of assets of Surrey Farm Products Ltd. (formerly Panco Poultry Ltd.) 14,800.000 Total revenue C 4 PROVINCE OF BRITISH COLUMBIA EXPENDITURE FOR THE FISCAL YEAR ENDED MARCH 31,1980 SUMMARY SHOWING EXPENDITURE COMPARED WITH MAIN ESTIMATES AND OTHER AUTHORIZATIONS Expenditure N0 Main over (under) Other of" SERVICE Total estimates main authoring expenditure voted estimates gallons Legislation s $ $ $ 1 Legislation 4,305.516 4.307.865 (2.349) 2 Crown Corporation Reporting Committee 356.794 405.300 (48,506) 4,662.310 4,713,165 (50,855) Recruitment savings 51,160 51.160 4,662,310 4,662,005 305 Auditor General 3 Auditor General -...., 1,692,150 2.466.906 (774.756) 4 Building occupancy charges 110.549 266.369 (155,820) 1.802,699 2,733.275 (930,576) Recruitment savings 192,670 192.670 1,802,699 2,540,605 (737,906) Ombudsman 5 Ombudsman 277,676 300,000 (22,324) Executive Council 6 Premier's office 245.036 245,047 (11) 7 Executive Council 524.758 535.833 (11.075) 769.794 780.880 (11,086) Recruitment savings 54,446 54,446 769,794 726,434 43,360. Ministry of Agriculture 8 Minister's office 78,910 109.787 (30.877) 9 Deputy Minister's office 1,118,348 1.183.780 (65.432) 10 General administration 1,353,354 1,375.366 (22,012) 11 Production services 4,135.603 4,269,593 (133.990) 12 Marketing services 604.218 604,476 (258) 13 Financial services _ 37.560.548 39,726,088 (2.165,540) 14 Information services 186.997 188.670 (1.673) 15 Specialist and regulatory services 4.117.012 4.431,184 (314.172) 16 Milk Board 225.187 225,985 (798) 17 Building occupancy charges 3.143.466 3.676.000 (532.534) 18 Computer and consulting charges 407,072 444.862 (3W90) Statutory— Homed Cattle Purchasing Act (R.S.B.C. 1960. Chap. 176. Sec. 8)—Livestock Improvement 16,092 16.092 16.092 British Columbia Crop Insurance Act (1966, Chap. 4, Sec. 5)—Contribution to Program—Recoverable from Federal Government 1,742,399 1.742.399 1,742.399 54,689.206 56,235.791 (1.546,585) 1,758.491 Recruitment savings 1.002,645 1.002,645 54,689,206 55,233,146 (543^40) 1,758,491 Ministry of Attorney General 19 Minister's office 143,500 145,623 (2.123) 20 Administration and support 4.508.319 4,118.780 389,539 Supplement—Special Warrant No. 27 432,000 21 Court services 31,676,071 30,007.013 1,669,058 Supplement—Special Warrant No. 27 1,500,000 22 Criminal Justice Division 9,823,310 8.082.746 1,740,564 Supplement—Special Warrant No. 27 1.000,000 23 Police services 39,946,367 38,641.433 1,304,934 Supplement—Special Warrant No. 27 2.000.000 24 Corrections 56,432.801 56,487,836 (55.035) 25 Legal Services Commission 11.346,008 10.014,770 1.331,238 Statutory—Legal Services Society Act (1979. Chap. 15. Sec. 20) 1.331.238 26 Justice Development Commission 793.592 858.317 (64.725) over (under) expenditures (2.349) (48.506) (50.855) 51.160 (774.756) (155,820) (930,576) 192.670 (737,906) (22324) (11) (11.075) i (11.086) i 54.446 43,360 (30.877) (65.432) (22,012) (133,990) (258) (2.165.540) (1.673) (314.172) (798)1 (532,534)1 (37.790) (3.305.076) j 1.002.645 (2,302,431)1 (2.123) (42.461) 169.058 1 740.5641 (695.066) I (55.035) PUBLIC ACCOUNTS 1979/80 C5 EXPENDITURE FOR THE YEAR ENDED MARCH 31, 1980—Continued of SERVICE vote Ministry of Attorney General —Continued 27 Legal Services to Government Supplement—Special Warrant No. 27 28 Superior and County Court Supplement—Special Warrant No. 27 29 Provincial Court Supplement—Special Warrant No. 27 30 Coroners Supplement—Special Warrant No. 27 31 British Columbia Parole Board Supplement—Special Warrant No. 27 32 Law Reform Commission 33 Criminal Injuries Compensation Act Supplement—Special Warrant No. 27 Statutory—Criminal Injuries Compensation Act (1972, Chap. 17, Sec. 2 (5)) 34 Public Trustee Supplement—Special Warrant No. 27 35 Fire Marshal Supplement—Special Warrant No. 27 36 British Columbia Racing Commission Supplement—Special Warrant No. 27 37 Film classification 38 Land Registry Program 39 Order in Council Patients* Review Board 40 Building occupancy charges 41 Computer and consulting charges . Statutory— Police Act (1974, Chap. 64, Sec. 7 (4)) Esquimalt Police Study Delta Police Investigation Study of Policing Costs in R.C.M.P. Policed Areas Provincial Court Act (1975, Chap. 57, Sec. 40 <4» Separation Allowance for Provincial Court Judge Recruitment savings Ministry of Consumer and Corporate Affairs 42 Minister's office 43 Executive and administration 44 Consumer affairs i. 45 Corporate affairs 1 46 Rentalsman '.. Supplement—Special Warrant No. 13 47 Liquor Control and Licensing Branch 48 Corporate and Financial Services Commission j 49 Auditors' Certification Board l 50 Building occupancy charges L 51 Computer and consulting charges Recruitment savings .V j* Ministry of Deregulation t52 Minister's office 153 General administration 154 Provincial Capital Commission 55 Building occupancy charges ....:..■ Statutory—Provincial Capital Commission Act (1956. Chap. 57, Sec. 11) Crystal Gardens Restoration Recruitment savings Expenditure over (under) Other estimates main authori voted estimates zations' expenditures $ $ $ s S 4,926.641 3,917,204 1.009,437 500,000 509.437 1.194,042 1,127,114 66,928 130,000 5.563,910 5,698,478 (134,568) 100,000 (234,568) 2,227,373 1,072,456 1.154,917 750.000 404,917 93,827 67,225 26.602 85,000 (58,398) (26,804) 259,386 286,190 (26.804) 1,926.658 1.255,000 671,658 650,000 21,658 1.544,322 1,569.882 (25.560) 100.000 (125,560, 1,177.212 1,239,425 (62,213) 50,000 (112,213) 872,258 455,990 416.268 450,000 (33.732) 106,711 125,362 (18.651) (18.6M) 5.980,330 6,172.021 (191,691) (191.691) 69,729 83.692 (13.963) (13.963) 31,588,436 32.204.000 (615,564) (615.564) 1,561,313 1.667.623 (106,310) (106.310) 1,621 1,621 1,621 44.029 44,029 44.029 lUkq 213,838,040 205.298.180 8,539.860 9.175.820 (635,960) 8,731.120 8,731,120 8.731.120 213,838,040 196,567,060 17,270,980 9,175,820 8,095,160 121,425 133,005 (11.580) (11.580) 534,217 586,979 (52.762) (52.762) 2,408,787 2,736,650 (327,863) (327.863) 4,108,572 4.159,986 (51.414) (51.414) 2,111.332 1,968,397 142,935 143.860 (925) 1,126,725 1,241,997 (115,272) (115.272) 36.743 68.500 (31.757) (31.757) 1.633 3,000 (1,367) (1,367) 1.360.598 1,495,000 (134.402) (134,402) 1.132,033 1,132,038 (5) (5) 12.942,065 13,525,552 (583.487) 143.860 (727,347) 820,249 820.249 820,249 12,942,065 12,705,303 236,762 143,860 92,902 37,016 89.634 (52.618) (52,618) 606,564 824.041 (217.477) (217,477) 631,637 704.048 (72,411) (72.411) 58.860 90.000 (31,140) (31,140) 250,000 250.000 250,000 - 1.584.077 1.707.723 (123.646) 250.000 (373,646) 49,296 49.296 49,296 1,584,077 1,658,427 (74,350) 250,000 ,(324,350) C6 PROVINCE OF BRITISH COLUMBIA EXPENDITURE FOR THE YEAR ENDED MARCH 31,1980—Continued No. Mai SERVICE Total estimates role expenditure voted Ministry of Economic Development S 5 56 Minister's office 117.598 164,683 57 Administration 7.717.877 7,265.357 Supplement—Special Warrant No. 51 58 Grants .„:. 5.581,000 5.581.000 59 Federal-Provincial Shared-Cost Programs 23.338.767 21.500,000 Supplement—Special Warrant No. 54 ^.t... 60 Building occupancy charges 657,523 684.000 61 Computer ana consulting charges 506,681 1,073,000 Special Warrants— No. 14—District of Mission Industrial Park 385,105 No. 25—Bums Lake Native Development Corporation 360.000 38.664.551 36.268.040 Recruitment savings 316,316 38,664,551 35.951,724 Ministry of Education, Science and Technology 62 Minister's office 116,822 119.071 63 Ministry services 4,958.641 5,851.474 64 Public schools education 613,323.595 614.849,031 Supplement—Special Warrant No. 31 65 Post-secondary education—universities 232.120.199 232.780.581 66 Science and technology 476.420 656.100 67 Post-secondary education—colleges and pro vincial institutes 200.864.811 200.697.634 Supplement—Special Warrant No. 1 68 Student Aid Programs 12,926,691 11.831.130 Supplement—Special Warrant No. 63 69 Teachers'Pensions Fund 48.942,439 40.470.000 Statutory—Teachers' Pension Act (1961, Chap. 62. Sec. 8 (7)) 70 Metric conversion 265,117 352,942 71 Advances re rural school taxes—net 1,724,659 10 Statutory—Public Schools Act (R.S.B.C. 1960. Chap. 319. Sec. 197 (10)) 72 Independent schools 9,656,835 9.185.749 Supplement—Special Warrant No. 18 73 Building occupancy charges 2,708,687 3,976,000 74 Computer and consulting charges —oATi 1.297.984 1.365.000 Special Warrants— No. 5—Canada-B.C. Co-op. Education Projects—Surrey 11,050 No. 6—Canada-B.C. Co-op. Education Projects—Universities of Victoria and British Columbia toI'a 44,700 1.129.438.650 1,122.134.722 Recruitment savings 1,177,405 1,129,438,650 1,120,957,317 Ministry of Energy, Mines and Petroleum Resources 75 Minister's office 115,368 91.533 Supplement—Special Warrant No. 50 76 General administration Supplement—Special Warrant No. 45 ..' 77 British Columbia Energy Commission Supplement—Special Warrant Nos. 11 and 49 78 Mineral Resources Branch 79 Petroleum Resources Branch 80 Grants and Subsidies Program 81 Mineral Road Program «....„.. Supplement—Special Warrant Nos. 10 arid 32 82 Prospectors' Assistance Program 83 Mineral Research Program 84 Mineral Data Program 85 Mineral Employment Program 86 Energy Resource Evaluation Program 87 Building occupancy charges 88 Computer and consulting charges Recruitment savings (47.085) 452,520 (26,477) (566.319) 385,105 360.000 2.396.511 316,316 (892 (1.525 (660 (179 167 1.095 8.47: 249) 833) .436) 382) 680) 177 561 ,439 825) 649 (1.267 (67 ,313) .016) $ 487.500 3.000.000 385,105 387.500 180.000 981.449 1.724,649 490.721 7,303.928 11,960,549 1,177,405 11,960,549 Net aver (uoderfl .'xpcndnurcs $ (47.085)3 (34.980) j (1.161.233) 1 (26.477) j (566.319) j (27.500)1 (1.863,S94| 316.316] 11.547,278) (2.2491 (892,8331 (1.580,977] (660.382) (179.680! (12.823) 114.112 (87.825) (19.635! (1.267.3I3J (67.016 (4.656,621 1.177.403 (3.479,216 22.000 1.835 |i 1.474,157 1.321.106 153,051 139.000 14.051 11 3.489,045 2.123.499 1.365.546 1.980.000 1614.454) 4,599,545 4,651.457 (51,912) 151.912) 1.446.424 1.502.161 (55,737) 155.757) 586,000 588.500 (2.5001 (2.500). i 848.924 700.000 148,924 200.000 (51.076) 247,040 277.919 (30.879) 1.10.879) 59,152 63.600 (4,448) I4.448H 1 262.694 399,123 (136.429) 1156.429) 32,490 60.000 (27410) (27.510) 443.246 551,225 (107.979) (107.979) 1.057.133 1.225.000 (167.867) 1167.867) 362.784 352,960 9.824 9.824 1 15.024.002 13.908.083 1.115.919 2.341.000 (1.225.081); 1 675.604 675.604 675.6041 15,024,002 13,232,479 1.791,523 2.341.000 (549,47711 ii PUBLIC ACCOUNTS 1979/80 EXPENDITURE FOR THE YEAR ENDED MARCH 31,1980—Continued „ SERVICE Ministry of Environment Minister's office General administration Supplement—Special Warrant Nos. 4 and 33 Resource and environment management Supplement—Special Warrant Nos. 8, 33 and 46 Environment and Land Use Committee Secretariat Provincial Agricultural Land Commission Provincial Emergency Program Salmonid Enhancement Program Supplement—Special Warrant No. 33 Flood Relief Act Statutory—Rood Relief Act (1948, 2nd Sess. Chap. l.Sec. 3) Terrace Flood Costs Southwest Region Flood Costs Creston Valley Wildlife Management Building occupancy charges Computer and consulting charges Statutory— Agricultural Land Commission Act (1973, Chap. 46, Sec. 21)—Agricultural Land Reserves Pollution Control Act (1967, Chap. 34, Sec. 26 (3))—Salmon Arm Gasoline Spill Recruitment savings >*■-•■ Ministry of Finance Minister's office .j.r.j ., Administrative and support services Office of the Comptroller-Genera! Supplement—Special Warrant No. 7 Computer and consulting services Supplement—Special Warrant No. 56 Purchasing Commission Taxation administration Assessment Act Appeal Boards Supplement—Special Warrant No. 34 Government agencies Supplement—Special Warrant No. 35 Interest on public debt Grants, contributions and subsidies Supplement—Special Warrant No. 9 Interest on deposits Statutory— l Official Guardian Act (R.S.B.C. 1960, Chap. 268, Sec. 19(1)) I Patients' Estate Act (1962, Chap. 44, Sec. 27(3))...|;Ml..,;..;.J. Supreme Court Act (R.S.B.C. 1960. Chap. 374, Sec. 33) ^a,... British Columbia Resources Investment Corporation—free share distribution Incidentals Supplement—Special Warrant No. 36 jAdvances under various statutes Salary contingencies (all Ministries) [Supplement—Special Warrant No. 37 [Treasury Board ^Building occupancy charges Statutory— K,£row'n Proceedings Act (1974, Chap. 24, Sec. 13 (4))—Judgments against the L Crown t Systems Act (1977, Chap. 45, Sec. I 12)—Accrued employee benefits assumed ' by Corporation Recruitment savings Tolal expenditure $ 160,934 2,689,408 Main voted $ 164.938 2.444,356 Expenditure over (under) $ (4,004) 245,052 Other $ Net over {under) expenditures $ (4,004) 48,850,637 47,568.812 1,281,825 285,500 1,991,000 (40,448) (709,175) 1,086.385 730,722 1,533,747 2,021,242 1.245.394 742,047 1,577,716 2.000,000 (159.009) (11,325) (43,969) 21,242 (159,009) (11.325) (43.969) 6,245,205 131,265 5.862,083 1,767,172 112,697 1,433 131,468 5.867,000 1,768,045 6,245,195 (203) (4,917) (873) 112,697 1,433 50,000 4,592,137 1,653,058 112.697 1,433 63,509.786 7.683.144 8,685,825 2,859,531 2.859,531 107,558.545 1.972,270 21.931,178 1.972.270 129,489,723 105,586,275 23,903,448 29,932,465 (28.758) (203) (4,917) (873) (1.002,681) 2,859,531 71,192,930 60,650,255 10,542,675 8,685,825 1,856,850 113,380 109,825 3,555 3,555 1,812,561 1,824,174 (11.613) (11.613) 4,019,824 4,135,766 (115,942) 214,000 (329,942) 8,278,216 8,032,953 245.263 738,567 (493.304) 1.679,587 1,698,648 (19,061) (19,061) 5,039,661 5,074,404 (34.743) (34,743) 962,657 579,000 383,657 299,000 84,657 5,981,430 5,844,261 137,169 202,500 (65.331) 21,681,023 . 21,740.000 (58.977) (58.97-7) 11,621,515 16,585.000 (4,963,485) 540,000 (5,503.485) 8,759,964 5,500,000 3,259.964 325,749 1,684,798 1,259.417 (10.000) 12,317,047 12,000.000 317,047 317,047 2,728,335 2.557,473 170,862 175,000 (4.138) 11,761 250,000 (238,239) (238.239) 40,208,643 17,000,000 23.208.643 24,000.000 (791.357) 871.490 1.058,041 (186,551) (186,551) 2,909,195 3,569,000 (659,805) (659,805) J98.873 298,873 298,873 - 194,561 194,561 194,561 — (8,001,287) 1.972,270 (6,029,017) C8 PROVINCE OF BRITISH COLUMBIA EXPENDITURE FOR THE YEAR ENDED MARCH 31,1980—Continued Expenditure No. Maht over (under) Oihcr o( SERVICE Tolal estimates main authori- voie expenditure voted estimates rations' Ministry of Forests % S S S 117 Minister's office 121.250 115.544 5.706 Supplement—Special Warrant No. 59 10.000 118 Ministry administration , . 1.714.605 1.891.613 (177.008) 119 Support Services Program 4.283.093 4.756.140 (473.047) 120 Forestry 69.010.558 49.223.041 19,787,517 Statutory— Forest Act (1978. Chapter 23. Sec. 124 (4))—Fire Suppression 20,184.150 121 Timber and Range Management Program 38.101.054 38.961.722 (860.668) Supplement—Special Warrant Nos. 15 and 19 663,430 122 Field (Operations Program 18.849.160 19.553,036 (703,876) 123 Reservoir clearing 21.603 10 21,593 Statutory—Revenue Act (R.S.B.C. 1960. Chap. 341. Sec. 55 (3)) 21.593 124 Implementation or new legislation 4,377.864 5,000,000 (622,136) Supplement—Special Warrant No. 20 4.500,000 125 Intensified Forestry Program 9.758,374 5,000,000 4,758.374 Statutory—Financial Control Act (R.S.B.C. I960. Chap. 22. Sec. 20) 4,758.374 126 Building occupancy charges 3,218,689 3.899.000 (680.311) 127 Computer and consulting charges 2.383.377 2,405.069 (21,692) 151,839,627 130,805,175 21,034.452 30.137,547 Recruitment savings 5.989.367 5.989.367 151,839,627 124,815,808 27,023,819 30,137,547 Ministry of Health 128 Minister's office 174.320 144.082 30.238 Supplement—Special Warrant No. 60 25.000 129 Administration and support services 21.498.916 21.327.012 171.904 Supplement—Special Warrant No. 62 800.000 130 Preventive and special community services 33.691.485 35.539.703 (1,848.218) 131 Direct care community services 194.684,730 180,777,352 13,907.378 Supplement—Special Warrant Nos. 38 and 52 17.726,000 132 Menial health services •** 16.803.417 18.129.440 (1.326.023) 133 Hospital Programs 700.643.828 649.178.588 51.465.240 Supplement—Special Warrant No. 29 51.284.000 134 Medical Services Commission 289.000.000 245.300.000 43.700.000 Statutory—Medical Services Act (1967. Chap. 24. Sec. 11) 43.700.000 135 Emergency Health Services Commission 26.163.570 26.050.883 112,687 Supplement—Special Warrant No. 61 2.377,000 136 Forensic Psychiatric Services Commission 4.213.117 4.285.498 (72.381) 137 Alcohol and Drug Commission 12.330.546 12.330.546 138 Building occupancy charges 26.221.233 28.638.000 (2,416.767) 139 Computer and consulting charges 2.904.400 2.154.000 750.400 Supplement—Special Warrant No. 57 732,628 Statutory—Retugee Settlement Program of British Columbia Act (1979. Chap. 27, Sec. 5) 325.294 325.294 325,294 1,328,654,856 1,223,855.104 104,799,752 116,969.922 Recruitment savings.... 10.428,342 10.428,342 1,328,654,856 1,213,426,762 115,228,094 116.969,922 Ministry of Human Resources 140 Minister's office 203.193 206.837 (3,644) 141 Administration and community services . 60.553.964 61.124.258 (570,294) 142 Services for families and children 66.745.589 75,209.741 (8,464,152) 143 Health services 59.263,779 52.573,173 6.690.606 Supplement—Special Warrant No. 55 9.000.000 144 Community projects 24.888.172 26.428.642 (1,540.470) 145 GAIN Programs 351.856.319 351,505.000 351,319 146 Special programs for the retarded 43,010,486 43,663,249 (652,763) 147 Shelter Aid for Elderly Renters and Renters' Tax Credit 23.112,270 23.834.311 (722.041) 148 Building occupancy charges 16,209.145 19.103,359 (2.894,214) 149 Computer and consulting charges 3,004,658 3,015,000 (10.342) 648.847.575 656.663.570 (7,815,995) 9.000.000 Recruitment savings 8.166.849 8.166,849 648.847375 648,496,721 350,854 9,000.000 net (under)! l.pendiuiies 14.294) (177.008)! (473.0471 (1.524.099 (703.876): (5.122,136) (680.311): (21.692)! (9.103,099 5.989.167 (3,113,729 (628.096)1 (1.848.218)1 (.1.818.622)1 (1.326.091 .264.3131! (72.181) (2.416.767) I7.772JJ (12.170.170) 10.428.342 ll.74l.828) 1.1.644) 1570.299 18.464.1521 (2.309.394)1 (1.540.470) 351.319 i (652.763) (722.041)1 (2.894.214)1 (10.342). (16.815.995:» 8.166.849- (8,649,1$ i J PUBLIC ACCOUNTS 1979/80 C9 EXPENDITURE FOR THE YEAR ENDED MARCH 31,1980-Continued of 150 151 I 152 153 M54 155 156 157 B62 163 1164 166 167 168 170 171 172 173 174 175 176 SERVICE Ministry of Labour Minister's office Ministerial administration—support services Statutory—Labour Code of British Columbia Act (1973, Chap. 122, Sec. 112) Job Training and Employment Opportunity Programs 'Occupational environment and compensation advisory services Safety Engineering Division Collective Bargaining and Labour Standards Program...; Human Rights Programs Labour Relations Board Supplement—Special Warrant No. 66 Essential Services Advisory Agency Boards of Review (Workers' Compensation Board) Statutory—Kevenue Act (R.S.B.C. 1960, Chap. 341, Sec. 55 (3)) Building occupancy charges Computer and consulting charges Statutory— Refugee Settlement Program of British Columbia Act (1979, Chap. 27, Sec. 5) West Kootenay Schools Collective Bargaining Assistance Act (1978), Chap. 42, Sec. 8 (2))—Special Mediator's expenses Recruitment savings Ministry of Lands, Parks and Housing Minister's office Housing Land management Supplement—Special Warrant No. 2 Parks and outdoor recreation Supplement—Special Warrant No. 47 Financial and administration services Building occupancy charges Computer and consulting charges Supplement—Special Warrant No. 3—Crown Land Development Program Recruitment savings Ministry of Municipal Affairs Minister's office .„,.,;.>: Supplement—Special Warrant No. 43 General administration Grants, contributions and subsidies Revenue Sharing Fund Central ministry services Transil services Building occupancy charges Computer and consulting charges Recruitment savings Total expenditure $ Main voled s Expenditure over {under) $ Oilier authorisations' $ Net over (under) expenditures $ 139.571 2.793.834 141.341 2,653,832 (1,770) 140,002 26,288 (1,770) 113,714 33,275,136 36,253.809 (2,978,673) (2,978,673) 1,575,734 5,739,738 1.566,415 5,812.929 9,319 (73,191) 9.319 (73.191) 2,701,073 656,948 1,566,441 2,772,487 711,952 1,340,101 (71,414) (55,004) 226,340 (71.414) (55.004) 117,667 297,000 (179,333) 90,000 136.340 (179.333) 14,698 10 14,688 1,419,392 745,039 1,123,000 1,040,100 296,392 (295,061) 14,688 296.392 (295,061) 240,116 240,116 240,116 - 33.459 33,459 33,459 — 51,018.846 53.712.976 1,235.278 (2,694,130) 1,235,278 404,551 (3,098,681) 1,235,278 51,018,846 52,477,698 (1,458,852) 404,551 (1,863,403) 139,539 27,189,277 8,731,185 24,257,151 1,450,655 1,830,593 792,370 148,408 29,916,769 8,032,646 24,579,967 1,532,061 1,964,000 1,073,670 (8,869) (2,727,492) 698,539 (322,816) (81,406) (133,407) (281,300) 468.000 348,651 (8,869) (2.727,492) 230.539 (671,467) (81,406) (133,407) (281.300) 1,059,111 1,059,111 1,506,000 (446,889) 65,449.881 67,247,521 1,888,483 (1,797,640) 1,888,483 2,322,651 (4,120,291) 1,888,483 65,449,881 65,359,038 90,843 2,322,651 (2,231,808) 12,500 (43) 2,281,626 2,450,143 (168,517) (168,517) 51,552,967 56,250,000 (4.697,033) (4,697.033) 141.700,000 141.700,000 — — 283,270 364,100 (80,830) (80.830) 25,136,184 37,027,000 (11,890,816) (11.890,816) 232,644 234,000 (1,356) (1,356) 24,788 28,500 (3,712) (3,712) 221,365,723 238,195,530 (16,829,807) 12,500 (16,842,307) 216,076 216,076 216,076 221,365,723 237,979,454 (16,613,731) 12,500 (16,626,231) PROVINCE OF BRITISH COLUMBIA EXPENDITURE FOR THE YEAR ENDED MARCH 31,1980—Continued No. SERVICE of vote Ministry of Provincial Secretary and Government Services 177 Minister's office 178 General administration... Supplement—Special Warrant No. 12 179 Heritage. Cultural. Recreation. Sports and Fit ness Programs - 180 Central Microfilm Bureau 181 Grants, special services and events Supplement—Special Warrant No. 64 182 Public information and publications 183 Indian Advisory Act 184 Government House Supplement—Special Warrant No. 40 185 Agent General's Office and British Columbia House Supplement—Special Warrant No. 22 186 Legislative Library 187 Postal Branch Supplement—Special Warrant No. 65 188 Queen's Printer 189 British Columbia Lottery Branch 190 Unemployment, insurance and workers* com- pensation 191 Public Inquiries Act Statutory—Public Inquiries Act (R.S.B.C. 1960. Chap. 315. Sec. 13) 192 Provincial Elections Act Statutory—Provincial Elections Act (R.S.B.C. 1960. Chap. 306. Sec. 192 (I)) 193 Government Employees Relations Bureau 194 Public Service Commission administration..... 195 Salaries and Benefits—sundry employees 196 Public Service Adjudication Board 197 Superannuation Branch administration 198 Public Service superannuation and retirement benefits 199 Members of the Legislative Assembly Super' annuation Act Statutory—Legislative Assembly Allowances and Superannuation Act (R.S.B.C. 1960. Chap. 240. Sec. 18).... 200 Employee Benefits 201 Parliament Buildings Restoration 202 Queen Elizabeth 11 British Columbia Centennial Scholarship Act 203 Building occupancy charges 204 Computer and consulting charges Supplement—Special Warrant No. 58 Statutory—Public Service Act (1976. Chap. * 45, Sec. 74 (2)) Medical Expenses. London, England and California Recruitment savings Ministry of Tourism and Small Business Development 205 Minister's office. 206 General administration 207 Tourism 208 Small business development 209 Building occupancy charges , 210 Computer and consulting charges Statutory—Pub/ic Service Act (1976. Chap. 45. Sec. 74 (2))—Medical Expenses. London, England, and California Recruitment savings Expcndiiuir Tula! expenditure voted "»'" author). over (under expenditure S % S $ S 181.424 986,580 182.096 849.071 (672) 137.509 150.000 (672) (12.491) 20.561.843 1.030.853 2.285.489 20.832,844 1.129.632 2.260.225 (271,001) (98.779) 25,264 (271.001) (98.779) 522.066 71,607 190.120 507.651 83.459 176,299 14,415 (11.852) 13.821 100.000 20.000 (74.736) 14.415 (11.852) (6.179) 715,662 607.095 108.567 727.517 7.389.465 753.822 7.130.263 (26.305) 259,202 50.000 58.567 | (26.305) (494,090) 10 10 (494.100) (10) 250.000 9.202 (494.1001 (101 14.041.285 1.804.032 14.500.000 10 (458,715) 1.804.022 (458.715) 5.943,801 633.945 5.309.856 1.804,022 - 7,871,880 2.900,718 605.001 160.118 1.588.911 8.842.709 3,051.300 1.080.000 369.5% 1.606.162 (970.829) (150.582) (474.999) (209.478) (17,251) 5.309.856 (970.829) (150.582) (474.999) (209.478) (17.251) 67,116,902 70.455,000 (3,338.098) (3.338.098) 510,471 135,000 375.471 84.467 61.255 9.900.779 1.485.128 412.636 249.197 7.545 158.139 70.093 10.327.237 1.487.015 422.000 332.000 (73,672) 18.838) (426.4581 (1.887) (9.364) (82.803) 7.545 12.201.007 12.796.484 191.195 (595.477) 191.195 12.201,007 12,605,289 (404.282) 30,120,623 1.028.599 33.164.063 1.200.000 (3.043.440) (171.401) (3.043.440) 1 (171.4011 1 9.000 9.442.279 1.753.360 24.000 9.416.000 1,435.000 (15.000) 26.279 318.360 300,000 (15.000) ■' 18.360 'i 2.658 2.658 2.658 - 179.068.174 180.425.262 1,563.929 (1.357.088) 1,563.929 206,841 8,362.007 (9.719.0951'H 1.563.929 II 179,068,174 178,861,333 8.362.007 (8,155,166)'|i (73.6721 (8.838)1 (426.458) 11.887) (9.3641 (82.803) i 1603.022) I9I.I95J (411.8271 PUBLIC ACCOUNTS 1979/80 EXPENDITURE FOR THE YEAR ENDED MARCH 31, 1980-Continued Expend it Ministry of Transportation, Communications and Highways ^Bister's office General administration (Highway maintenance o.-«..... flfjpjement—Special Warrant No. 53 fflfhway construction—Capital Supplement—Special Warrant Nos. 21,23, 26 and 39 &.,. Hydro development—Highways Hffiitorv—Revenue Act (R.S.B.C. 1960, map. 341, Sec. 55(3)) 5*^^, Government-owned residences maintenance... Hguneering Branch Hjggh Scale Branch motor Vehicle Branch I Eflnblement—Special Warrant No. 67 I Motor Carrier Branch I(raptor Carrier Commission ■ transportation Policy Analysis Branch 1 Air Services Branch I Supplement—Special Warrant Nos. 30 and 44 -.Local Airport Assistance Program {British Columbia Ferries—Subsidy 1 Supplement—Special Warrant No. 16 [Telecommunication Services Branch ; Communications System Development and [Regulation Branch I (BUlIding occupancy charges {Computer and consulting charges ' Recruitment savings Total expenditure' $ estimates voted $ S authorizations $ Net over (under expenditures $ 159.991 6.393,522 155,233,342 168.872 6.630,237 156,326,179 (8,881) (236,715) (1,092,837) (8.881) (236.715) 251,833,279 160,258,637 91,574,642 5,086.000 (6.178.837) 511,766 10 511,756 95.000.000 (3,425,358) 90 684,743 3,020,118 17,528,505 50,000 704,715 3,186,928 14,209.889 (49.910) (19,972) (166,810) 3,318,616 511.756 (49.910) (19.972) (166,810) 1,001,805 222,845 539,071 5,276,270 1,025,582 311.660 1.306.990 2,073,585 (23,777) (88.815) (767.919) 3,202,685 4,000,000 (681,384) (23,777) (88,815) (767,919) 1,983,954 54,268,704 2.112,188 51,386,950 (128.234) 2.881.754 3,400,000 (197,315) (128.234) 14,106,261 15,672,054 (1.565.793) 2,883.075 (1.321) (1.565,793) 360,730 15,920,740 2,355,332 894,798 16,750,000 2,646,100 (534.068) (829.260) (290.768) (534.068) (829.260) (290,768) 531,401,068 435.715,374 13,058.507 95.685,694 13,058.507 110,880.831 (15,195,137) 13,058,507 531,401,068 422,656,867 108,744,201 110,880,831 (2,136,630) Ministry of Intergovernmental Relations Statutory—Minister's Salary. Legislative Assembly Allowances and Superannuation Kit (R.S.B.C. 1960. Chap. 240. Sec. 1.9) Special Warrant No. 17—Establishment an0 Administration of Ministry 8,454 129,265 8.454 8.454 129.265 2,500,000 137,719 137,719 2,508,454 Ministry of Universities, Science and Communications Statutory—Minister's Salary. Legislative m^^embty Allowances and Superannuation ^Rr.S.B.C. 1960, Chap. 240, Sec. 1.9) 8.454 8.454 8,454 Special Warrant No. 41—Establishment and Administration of Ministry „, 57,270 57,270 107,500 65,724 65,724 115,954 Subtotal budgetary expenditure 4,864,425,923 4,628,090,738 236,335,185 349,230,077 Total recruitment savings 60,640,738 60,640,738 Total budgetary expenditure 4,864,425,923 4,567,450,000 296,975,923 349,230,077* (2,370,735) (2,370,735) (112,894,892) 60,640,738 lonbudgetary Expenditure Charged K to Current Revenue Special Purpose Funds Ad|ance—Crown Land Fund [Ministry of Mads. Parks and Housing Act. 1979, Chap. 20, Sec. 7 (2)) re B.C. First Mortgage Program .. 200,000,000 ii C 12 PROVINCE OF BRITISH COLUMBIA EXPENDITURE FOR THE YEAR ENDED MARCH 31, 1980—Continued SERVICE Crown Corporations Advances— British Columbia Assessment Authority (Assessment Authority of British Co- lumbia Act, I974, Chap. 7. Sec. 17 (4)) British Columbia Systems Corporation (Systems Act. 1977, Chap. 45. Sec. 8 (1))... Grant—British Columbia Railway Company re Fort Nelson Extension— Special Warrant No. 28 Special Warrant No. 48 Tolal atpenditui $ 2,126.000 5.000.000 7,400,000 1,800.000 16,326,000 Other Canada-B.C. Natural Gas Revenue Sharing Agreement—Fort Nelson Indian Band (Special Warrant No. 24) 15.000,000 Provincial Capital Commission (Provincial Capital Commission Act, 1956, Chap. 55, Sec. 1!) re Victoria Trade and Convention Centre 2,000,000 Grants— The Discovery Foundation re multi-tenant facility—(Special Warrant No. 42) 10,374,011 27,374,011 Total nonbudgetary expenditure 243,700,011 Expenditure over (under] estimates $ Revenue Surplus Account Appropriations Revenue Surplus of 1977/78 Appropriation Act. 1979— Education: Increase in Provincial Home-Owner Grant (Sec. 1 (b)) Forests: Intensified Forest Management Program (Sec. 1 (e)) Labour Accelerated Job Experience Program (Sec. 1(0) Municipal Affairs: Increase in Provincial Home-Owner Grant (Sec. 1 (b)) Provincial Secretary: Accelerated Recreational Facilities Program (Sec. 1 (g)) Transportation, Communications and Highways: Accelerated Highway Construction Program (Sec. 1 (c)). British Columbia Railway Company: Fort Nelson Extension Upgrading Program (Sec. I (d)) Reduction of Provincial Debt (Sec. 1 (a))... Appropriations to Special Purpose funds— Vancouver and Victoria Trade and Convention Centres Fund Act: Vancouver Fund Victoria Fund 49.021.372 49,500.000 (478.628) 9,910,078 10,000.000 (89,922) 5.000,000 5,000,000 5,446,819 5.500,000 (53,181) 5.000.000 5.000,000 24.712,924 Lower Mainland Stadium Fund Act. 12,500,000 25,000,000 25.388.978 14,000.000 14.000.000 26,100.000 26.100.000 12,500,000 25.000,000 (676,054) 139,191,193 140,488,978 (1,297,785) 10.000,000 10.000.000 2.500.000 2.500.000 JLI r PUBLIC ACCOUNTS 1979/80 EXPENDITURE FOR THE YEAR ENDED MARCH 31, 1980-Continued >. Revenue Surplus Account \ Appropriations—Continued Bpec/a/ Purpose Appropriation Act, 1979 Education: I' Industrial Research Program (Sec. 1 (0) Health: E Stabilization of Health and Hospital Costs 1 (Sec. 1 (c)) Tourism and Small Business Development: mt Metropolitan Small Business Assistance Program (Sec. 1 (e)) Purchase of Shares in British Columbia Development Corporation (Sec. 1 (d)) Total Revenue Surplus Account Expenditure Combined General Fund Expenditure Total expenditure $ 5,000.000 25.000.000 5,000.000 7.500,000 42,500,000 219,191,193 5,327,317,127 Expenditu Main over tunder) Other i males main 'oled estimates C13 over (under) expenditures 5,000.000 — 25,000,000 5,000.000 — 7,500.000 — 42,500,000 — 220,488,978 (1,297,785) 1 "Other authorizations" comprise statutory and special warrant authorizations as indicated. '■ The total of other authorizations of $349,230,077 represents statutory authorizations of $ 101.089,300 and special warrant (Financial Control U authorizations of $248,140,777. Vote—In accordance with the Supply Act No. 3. 1979 (1979, Chap. 34). the actual expenditures are reported in relation to the services and trnts appropriated. Reorganization changes made in November 1979, pursuant to the Constitution Act, are therefore not reflected in these litjoents except for expenditures authorized under the Legislative Assembly Allowances and Superannuation Act and by special warrants for the In tries of "Intergovernmental Relations" and "Universities, Science and Communications". L
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PUBLIC ACCOUNTS 1979/80 British Columbia. Legislative Assembly [1983]
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Title | PUBLIC ACCOUNTS 1979/80 |
Creator |
British Columbia. Legislative Assembly |
Publisher | Victoria, BC : Government Printer |
Date Issued | [1983] |
Genre |
Legislative proceedings |
Type |
Text |
FileFormat | application/pdf |
Language | English |
Identifier | J110.L5 S7 1981_V01_05_A1_C13 |
Collection |
Sessional Papers of the Province of British Columbia |
Source | Original Format: Legislative Assembly of British Columbia. Library. Sessional Papers of the Province of British Columbia |
Date Available | 2018-07-03 |
Provider | Vancouver : University of British Columbia Library |
Rights | Images provided for research and reference use only. For permission to publish, copy or otherwise distribute these images please contact the Legislative Library of British Columbia |
CatalogueRecord | http://resolve.library.ubc.ca/cgi-bin/catsearch?bid=1198198 |
DOI | 10.14288/1.0368885 |
AggregatedSourceRepository | CONTENTdm |
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