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ONTARIO

PUBLISHED BY THE MINISTRY OF TREASURY, ECONOMICS AND INTERGOVERNMENTAL AFFAIRS

Printed by J. C. Thatcher, Queen's Printer for Ontario

JUN 2 2 1977

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public accounts

1 974-75 vol. 1 financial statements

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\ ONTARIO

Ontario

PUBLISHED BY THE MINISTRY OF TREASURY, ECONOMICS AND INTERGOVERNMENTAL AFFAIRS

Printed by J. C Thatcher, Queen's Printer for Ontario

To The Honourable Pauline M. McGibbon, O.C., LL.D., D.U. (OTT.),

Lieutenant Governor of the Province of Ontario

May It Please Your Honour:

The undersigned has the honour to present to Your Honour the Public Accounts of the Province of Ontario for the fiscal year ended March 31st, 1975, in accordance with the requirements of The Ministry of Treasury, Economics and Intergovern- mental Affairs Act, 1972.

Respectfully submitted,

^/^^^

W. Darcy McKeough

Treasurer of Ontario,

Minister of Economics and

Intergovernmental Affairs

Toronto, October 31, 1975

TREASURER'S REPORT

It is with pleasure that I present the 1975 Public Accounts of the Province of Ontario which review the finances of the Province for the fiscal year ended March 3 1 . 1975.

The variety of financial information included in Public Accounts necessitates publication of three distinct volumes. To assist readers, the organization of the volumes and the basis of reporting is provided in a Guide to Public Accounts which appears on page 8 of Volume I.

Comments or queries will be welcome and should be directed to the Treasury Division of the Ministry of Treasury, Economics and Intergovernmental Affairs.

(a/I^u^-^ h^

W. Darcy McKeough

Treasurer of Ontario, Minister of Economies and Intergovernmental Affairs

Toronto, October 31, 1975

General

TABLE OF CONTENTS

Page

A Guide to Public Accounts 8* 10

A Financial Statements

Statement of Consolidated Revenue Fund ■? . 11

Statement of Assets and Liabilities 12-13

Schedules to Statement of Consolidated Revenue Fund

Statement of Revenue 14

Statement of Expenditure 15

Statement of Disbursements 16-17

Statement of Receipts 18-19

Statement of Credits 20-22

Statement of Charges 23-25

Debt Transactions Proceeds of Loans 26-27

Debt Transactions— Repayment of Loans 28-29

Schedules to Statement of Assets and Liabilities

Cash, Temporary Investment and Marketable Securities 30

Advances to Ontario Hydro 30

Advances and Investments— Other Corporations, Boards and Commissions 30-31

Investments in Water Treatment and Waste Control Facilities 32

Loans to Municipalities 32

Other Loans and Investments 33

Net Debt 34

Demand Deposits with the Province of Ontario Savings Office 34

Pension Funds 34

Deposit, Trust and Reserve Accounts 35-36

Advances Payable 36

Treasury Bills 36

Notes Payable 37

Debentures 37

Contingent Liabilities 37

Fixed Assets 37

Inactive Assets 37

Long Term Leases 37

Details of Debentures Outstanding 38-41

Contingent Liabilities— Details 42-43

Miscellaneous Statements

Public Service Superannuation Fund 44

Legislative Assembly Retirement Allowance Account 45

Motor Vehicle Accident Claims Fund , 46

The Province of Ontario Savings Office 47

The Financial Administration Act Losses 48

The Ministry of Revenue Act Remissions 49

Accounts Payable 50

Accounts Receivable 50

Equipment, Stores, Livestock and Materials 51

Summary of Expenditures 52

Summary of Revenue 53-54

6

TABLE OF CONTENTS-Continued

Ministry Statements Page

General Government

I Office of the Lieutenant Governor 55

II Office of the Assembly 59

III Office of the Premier 65

IV Cabinet Office 71

V Management Board of Cabinet 77

VI Office of Provincial Auditor 93

VII Government Services 97

VIII Housing 113

IX Revenue 125

X Treasury, Economics and Intergovernmental Affairs 1 39

Justice Policy Field

XI Justice Policy 1 65

XII Attorney General 171

XIII Consumer and Commercial Relations 189

XIV Correctional Services 207

XV Solicitor General 217

Resources Development Policy Field

XVI Resources Development Policy 233

XVII Agriculture and Food 237

XVIII Energy 253

XIX Environment 265

XX Industry and Tourism 277

XXI Labour 299

XXII Natural Resources 315

XXIII Transportation and Communications 331

Social Development Policy Field

XXIV Social Development Policy 347

XXV Colleges and Universities 353

XXVI Community and Social Services 369

Culture and Recreation 385

XXVII Education 389

XXVIII Health 399

Index to Expenditures 411

A GUIDE TO PUBLIC ACCOUNTS

Scope of the Public Accounts The 1974-75 Public Accounts of the Province of Ontario comprise three volumes: Volume 1 contains the financial statements of the Province.

Volume 2 (to be issued at a later date) contains the financial statements of those Provincial Crown corpora- tions, boards and commissions in which the Province has an investment or which have an advance from the Province.

Volume 3 (to be issued at a later date) contains the details of expenditures required by the Standing Com- mittee on Public Accounts.

Basis of Reporting The financial statements of the Province of Ontario reflect the use of the "cash flow" principle of accounting. This method, modified to allow an additional thirty days to pay for goods and services pertaining to the fiscal year just ended, offers a precise measurement of government activity for a fiscal year. This, rather than the "accrual" principle, is utilized because of two fundamental characteristics of government reporting which set it apart from commercial practice.

The first characteristic is the constitutional principle which underlies the system. The Legislature votes sums of money to specified ministries for stated purposes. The Legislature provides for the required money by authorizing the government to levy taxes or to borrow. The accounts of the government therefore are a record of stewardship and reflect the accountability to the Legislature for the management and disposition of monies levied, entrusted and spent. The purpose of the public accounts in government is to explicitly display that stewardship as revenue flows into and expenditure flows out of the Consolidated Revenue Fund.

The second characteristic is that there is no direct commercial relationship between government revenues and government expenditures. This obviates the "matching" benefit provided by accrual accounting. Expenditures are incurred for the operation of a wide range of services which have been established by government policy. Taxation, the major source of revenues, is imposed on those parts of the economy best able to finance government programs and is also a fiscal policy instrument for the government in terms of its incidence and in its relationship to expenditures.

The transactions of the Province of Ontario are presented in summary form according to the three distinct areas of government activity through the Consolidated Revenue Fund:

"Budgetary Transactions" are operational activities which include the revenues raised through taxa- tion, premiums, fees, licences and permits, payments from the federal government under shared-cost programs, and income from investments. Expenditures on government programs include payments for goods and services, interest on the public debt, salaries, transfer payments to individuals, munici- palities and institutions under various social programs, subsidies and grants and the acquisition or creation of fixed assets. Government assets are generally of lasting value and may tend even to appreciate over time; e.g. parkland, public works or the highway system. Their benefit to future taxpayers is not significantly different from expenditures on education or health care. For these reasons Provincial expenditures on fixed assets are treated as non-recoverable expenditures of each fiscal year. The extent to which revenue exceeds or falls short of expenditure directly decreases or increases the net debt.

"Non-Budgetary Transactions" are the lending, investment and trust administration functions which include, as distinct from expenditure, the government lending and investment activity in various crown corporations, agencies and municipalities. All of these loans and advances are repayable or represent equity holdings supported by the assets of the corporations. Net changes are reflected in the year-to- year fluctuation on the Statement of Assets and Liabilities. Also included in this category is the activity within deposit, trust and certain special purpose accounts, all of which bear directly on the Statement of Assets and Liabilities.

"Debt Transactions" are the borrowing and repayment transactions which include obligations issued to both non-public and public sources of funds and are reflected directly in the Statement of Assets and Liabilities.

The Net Debt of the Province is the excess of liabilities over revenue-producing and realizable assets. Year- to-year changes in net debt are related directly to the amount by which revenues exceed or are less than expenditures on budgetary transactions.

With respect to the financial operations of provincial crown corporations, agencies, boards and commissions, the financial statements presented in this Report reflect (i) the year-end position of the advances to or the investments in these entities which are made from the Consolidated Revenue Fund and (ii) the extent to which their operations have been financed from or have contributed to the Fund for the year.

8

1975 Changes in Accounting Treatment

(1) Ontario debentures held as investments.

Prior to April 1, 1974, Ontario debentures held at the year end were valued at par and reported as a deduction from Debentures on the Statement of Assets and Liabilities. Commencing with 1974-75, Ontario debentures held at the year end are valued at cost and are included with Cash, Temporary Investments and Marketable Securities. The 1973-74 comparative amounts have been restated as explained on page 30 in the Schedules to Statement of Assets and Liabilities.

(2) Advances from the Ontario Municipal Employees Retirement Fund.

The Ontario Municipal Employees Retirement Fund deposits surplus funds with the Province and on December 31 each year receives a debenture for all funds deposited in the calendar year. In prior years deposits received between January 1 and March 31 were reported as a Deposit account on the Statement of Assets and Liabilities and the activity of the account was recorded as Non-Budgetary Transactions in the Statement of Consolidated Revenue Fund. In 1974-75, the accounting treatment has been revised to include such funds with Advances Payable on the Statement of Assets and Liabilities and as Debt Transaction (Proceeds of Loans) in the Statement of Consolidated Revenue Fund. The 1973-74 comparative amounts have been restated to reflect this change in accounting.

3. A Guide to Volume 1 of the Public Accounts

(1) Financial Statements of the Province

The financial statements of the Province and supporting information are contained in the first 54 pages of Volume 1 and have been arranged to present (a) the Statement of Consolidated Revenue Fund and the Statement of Assets and Liabilities, (b) schedules to the Statement of Consolidated Revenue Fund, (c) schedules to the Statement of Assets and Liabilities and, (d) miscellaneous statements.

(2) Ministry Statements

In addition to the financial statements and schedules provided in section (1) above, individual ministry reports of financial activity are provided in pages 55 to 410. Five separate statements are presented for each ministry.

(a) "Statement of Revenue"

(b) "Statement of Receipts and Credits"

(c) "Statement of Expenditure by Program"

This statement provides an overview of the expenditures of each ministry. It shows, by ministry program and in total for the ministry, the amount of the current year's actual expenditures which is compared with the related appropriation for the current year and the previous year's actual expenditures. Ministry totals for statutory appropriations, expenditures and disbursements and charges are also shown.

(d) "Statement of Expenditure by Program and Activity"

This statement, prepared for each ministry program, is designed to show the activities comprising the program. The appropriation for each activity is analyzed according to funds appropriated through the Expenditure Estimates or approved by Management Board and the total is compared to the actual amount spent for the fiscal year. Statutory payments are reported separately. The "program description" narrative contained in the Expenditure Estimates is included with the statement to provide the reader with a general description of the program.

(e) "Details of Expenditure by Activity and Standard Accounts Classification"

This statement reports actual ministry expenditures for each program at the identical level of detail provided in the Expenditure Estimates where the funds were voted; i.e. on the basis of the Standard Accounts Classification within each activity as shown in the 1974-75 Expenditure Estimates.

The following is a brief outline of the types of expenditures included in each of the eight Standard Accounts comprising the Standard Accounts Classifications:

Salaries and Wages

Includes salaries and wages, overtime and other remuneration paid to regular, probationary and un- classified staff. It also includes indemnities and allowances paid to Members of the Legislative Assembly. and foreign service and other special allowances paid to public servants.

Employee Benefits

Includes the Government's contribution as an employer to the Canada Pension Plan, the Public Service Superannuation Fund, the Unemployment Insurance Fund, the Workmen's Compensation Board, and other employee benefit plans.

Transportation and Communication

Includes travelling expenses of public servants on government business and recipients of government services, such as wards of the Province. Also, included are relocation expenses of public servants who are transferred, expenses of moving office furniture and equipment, and costs of transportation of goods other than for initial delivery. Includes mailing costs, such as postage and registration; and com- munication costs, such as telephone, telegram, and data communications.

Services

Includes charges for information services, such as, advertising provided by professional agencies, advertising placed directly with the media, and services for the production of departmental publica- tions and films.

Also included are charges for the rental and the purchased repair and maintenance of machinery and equipment, buildings, land and engineering structures.

Includes charges for data processing services. Also included in this account are insurance premiums and other miscellaneous charges for special services.

Supplies and Equipment

Includes provision for the purchase of all machinery and equipment, both new and used. Also includes the purchase of all materials, supplies and utilities.

Acquisition/Construction of Physical Assets

Includes all costs of acquisition and construction by contract of new and used buildings and engineering structures. Also included in this account is the cost of acquisition of land.

Transfer Payments

Includes grants, subsidies and allowances, etc., to persons, the business sector, non-commercial institu- tions and other governmental bodies.

Other Transactions

Includes several special transactions, such as, Ontario Development Corporation - Loan forgiveness and Guarantees and Municipal Taxes on A.R.D.A. owned property.

Statutory Appropriations and Disbursements and Charges are not Standard Accounts. Amounts required for Statutory Appropriations and Disbursements and Charges are shown, where applicable, as separate entries under the Standard Accounts Classification details relating to each Activity.

10

PUBLIC ACCOUNTS, 1974-75

STATEMENT OF CONSOLIDATED REVENUE FUND Year ended March 31, 1975

Page 1975 1974

No. Opening Balance $ $ $ $

Cash, temporary investments and

marketable securities 982,286.687 980,649.764

Budgetary Transactions

14 Revenue 8,275,048.981 6.922.396.286

15 Expenditure 8.821.609.717 7.301.861.699

Budgetary Deficit (546,560,736) (379.465,413)

Non-Budgetary Transactions

Loans, Advances and Investments

16-17 Disbursements 1.422.966.835 856.649.811

18-19 Receipts 400.741.127 181.572.605

Net Increase in Loans. Advances and

Investments 1 ,022,225,708 675,077,206

Trust Administration Functions

20-22 Credits 323.682.550 178.378.416

23-25 Charges 59,979.602 55,399.557

Net Increase in Trust Administration

Functions 263,702,948 122.978,859

Non-Budgetary Transactions (net). .. (758.522.760) (552.098.347)

Net Cash Requirements (1 ,305.083.496) (93 1 ,563,760)

Debt Transactions

26 27 Proceeds of loans 1.538.822.283 1,196.637.51 1

28-29 Repayments of loans 359.724,437 1.179.097.846 263,436,828 933.200,683

Closing Balance 30 Cash, temporary investments and

marketable securities 856.301 .037 982.286.687

See accompanying Basis of Reporting (page 8) and Schedules to Statement of Consolidated Revenue Fund pages 14 to 29.

12 PUBLIC ACCOUNTS, 1974-75

PROVINCE OF

STATEMENT OF ASSETS AND

(with comparative

Assets

Page 1975 1974

No. $ $

30 Cash, temporary investments and marketable securities 856,301,037 982,286,687

30 Advances to Ontario Hydro 1,788,495,970 1,478,211,011

30 Advances and investments— other corporations, boards and

commissions 3,778,440,816 3,246,677,963

32 Investments in water treatment and waste control facilities (at cost

less recoveries) 528,262,81 1 408,067,331

32 Loans to municipalities 213,274,581 181,307,301

33 Other loans and investments 219,574,558 191 ,559,422

Total realizable assets 7,384,349,773 6,488,109,715

34 Net debt 3,448,069,583 2,901,508,846

10,832,419,356 9,389,618,561

See accompanying Basis of Reporting on page 8 and Schedules to Statements of Assets and Liabilities on pages

30 to 37.

Approved on behalf of the Ministry of Treasury, Economics and Intergovernmental Affairs:

UU&^k .

A. RENDALL DICK, Deputy Treasurer of Ontario and Deputy Minister of Economics and Intergovernmental Affairs.

G. McINTYRE, F.C.A., Executive Director, Treasury Division.

PUBLIC ACCOUNTS, 1974-75 13

ONTARIO

LIABILITIES AS AT MARCH 31, 1975

figures for 1974)

Liabilities

Page 1975 1974

No. $ $

34 Demand deposits with the Province of Ontario Savings Office 233,727, 1 57 1 87,332,809

34 Pension funds 795,952,606 686,786,61 1

35 Deposit, trust and reserve accounts 187,658,780 79,516,175

36 Advances payable 61,134,861 45,601,073

36 Treasury bills 90,000,000

37 Notes payable 18,971 ,262 23,345,600

37 Debentures 9,534,974,690 8,277,036,293

10,832,419,356 9,389,618,561

37 Contingent liabilities: bonds, etc., guaranteed by the Province 3,843,449,294 3,330,184,334

I have examined the above Statement of Assets and Liabilities of the Province of Ontario as at March 31, 1975, the Statement of Consolidated Revenue Fund, the Statement of Revenue, the Statement of Expenditure, and the related financial statements appearing in Volume 1 of the Public Accounts for the year ended on that date. My examination included a general review of the accounting procedures and such tests of accounting records and other supporting evidence as I considered necessary in the circumstances.

In my opinion these financial statements present fairly the financial position of the Province as at March 31, 1975 and the results of its operations for the year then ended, and were prepared in accordance with generally accepted accounting principles which, except for the changes in accounting treatment outlined under the heading of "Basis of Reporting" on Pages 8-9 of Volume 1 of the Public Accounts, were applied on a basis consistent with that of the preceding year. The generally accepted accounting principles are those relative to government account- ing and are fully described under the previously referenced "Basis of Reporting".

In accordance with section 20 of The Audit Act, a report will be made to the Legislative Assembly.

F. N. SCOTT, C.A., foronto, October 31, 1975. Provincial Auditor.

14 PUBLIC ACCOUNTS, 1974-75

SCHEDULES TO STATEMENT OF CONSOLIDATED REVENUE FUND

STATEMENT OF REVENUE

Year ended March 31, 1975

1975 1974

$ $

Recovery of Prior Years' Expenditures 10,830,820 13,419,984

Taxation

Retail Sales Tax 1,568,828,591 1,314,814,391

Personal Income Tax 1,445,552,199 1,235,816,113

Corporation Taxes 891,907,759 637,603,197

Gasoline Tax 493,090,700 476,786,369

Mining Profits Tax 1 52,802,601 46,962,605

Tobacco Tax 101,449,981 100,346,865

Other 299,684,145 254,698,739

4,953,315,976 4,067,028,279

Royalties 35,617,378 28,539,186

Fees, Licences and Permits 279,085,252 261,803,170

Fines and Penalties 42,209,566 37,371 ,252

Profits from Trading Activities Liquor Control Board of Ontario. . . . 301,650,000 280,500,000

Public Domain 2,502,945 2,053,514

Sales— Land and Buildings 58,320,831 6,122,284

Sales-Other 6,765,768 10,016,376

Facilities 18,294,677 15,775,457

Premiums— Ontario Health Insurance Plan 548,095,482 530,053,695

Utility Service Charges 25,921 ,044 20,265,645

Miscellaneous 1,140,841 2,492,266

Government of Canada

Reimbursements of Expenditures

Hospital Insurance and Diagnostic Services Act— hospital

operations 651,856,747 533,249,217

Canada Assistance Plan 300,031 ,205 207,272,491

Medical Care Act 275,166,761 243,340,637

Post Secondary Education Adjustment Payment 142,685,004 153,636,996

Other 141,575,509 123,603,451

1,511,315,226 1,261,102,792

Other 5,604,188 5,579,391

1,516,919,414 1,266,682,183

Reimbursements of Expenditures 19,250,582 10,298,674

Interest 455,128,405 369,974,321

Revenue 8,275,048,981 6,922,396,286

See Summary of Revenue By Main Classification and Ministry, pages 53-54.

PUBLIC ACCOUNTS, 1974-75 15

SCHEDULES TO STATEMENT OF CONSOLIDATED REVENUE FUND STATEMENT OF EXPENDITURE

Year ended March 31, 1975

P*ge 1975 1974

No.

$ $ General Government—

55 Office of the Lieutenant Governor 63,1 19 50,708

59 Office of the Assembly 7,730,354 6,452,427

65 Office of the Premier 1,230,972 1,119,296

71 Cabinet Office 1,328,506 871,983

77 Management Board of Cabinet 7,012,426 5,876,560

93 Office of Provincial Auditor 1,335,318 1,254,036

97 Government Services 268,950,838 179,998,482

113 Housing 70,361,549 36,965,826

125 Revenue 122,988,643 53,759,061

139 Treasury, Economics and Intergovernmental Affairs 1,035,527,279 864,582,863

Justice Policy Field—

165 Justice Policy 291,623 308,167

171 Attorney General 85,324,537 68.118,668

1 89 Consumer and Commercial Relations 35,056,222 28.446.467

207 Correctional Services 102,237,445 86,326,051

217 Solicitor General 105.480,297 90,412,443

Resources Development Policy Field—

233 Resources Development Policy 531,715 349,689

237 Agriculture and Food 1 12,691,341 104,669.087

253 Energy... 2.462,024 1,618,957

265 Environment 57,741 .592 45,085,273

277 Industry and Tourism 36,794,479 25,849,738

299 Labour 14,183,339 11,923,055

315 Natural Resources 190,475,669 158,627,095

331 Transportation and Communications 811,719,954 684.357,637

Social Development Policy Field—

347 Social Development Policy 854,226 493,794

353 Colleges and Universities 931,218,661 824,233,883

369 Community and Social Services 683,750,872 562,227,533

385 Culture and Recreation 180,006

389 Education 1,598,245,151 1,410,345,445

399 Health 2,535,841 ,560 2,047,537,475

8,821,609,717 7,301,861,699 See Summary of Expenditures By Standard Objects and Ministries, page 52.

16

PUBLIC ACCOUNTS, 1974-75

SCHEDULES TO STATEMENT OF CONSOLIDATED REVENUE FUND

STATEMENT OF DISBURSEMENTS

Year ended March 31, 1975

Loans, Advances and Investments

Ministry of Treasury, Economics and Intergovernmental Affairs Ontario Hydro— secured advances

1975

$

1974

$

375,000,000 250,000,000

Other Corporations, Boards and Commissions- Ontario Land Corporation— advances

The Ontario Education Capital Aid Corporation— advances . . . . The. Ontario Universities Capital Aid Corporation— advances. . . The Ontario Municipal Improvement Corporation— advances. . The Ontario Northland Transportation Commission— advances.

The Crop Insurance Commission of Ontario— advances

Ontario Lottery Corporation— advances

Loans to Municipalities—

Federal-Provincial winter capital projects fund

Federal-Provinicial employment loans

Federal-Provincial special development loans

The Shoreline Property Assistance Act, 1973 loans

Township of Collingwood— advances

Township of Amabel— advances

Miscellaneous Loans- Municipal and school tax credit assistance

Agricultural Loans

Ministry of Housing- Ontario Mortgage Corporation— advances 1 33,000,000 67,540,000

Ontario Housing Corporation— advances 46,270,000 46,562,000

Ontario Student Housing Corporation— advances 1,662,000

North Pickering Community Development Project— advances 46,259,303 1 16,000,000

Ontario Housing Action Program— loans to municipalities 12,834,333

Ministry of the Environment- Investments in water treatment and waste control facilities Sundry loans and investments

320,100,000(1)

87,370,000

86,865,000

38,069,013

76,815,368

7,227,000

4,360,000

7,000,000

28,000,000

3,500,000

70,000

300,000

16,857,286

730,000

156,566

15,571,563

1,490,753

366,100

390,500

116,826

110,000

529,521

507,758

1,972

856,702,312

464,802,914

238,363,636 231,764,000

126,985,944 81,481,284

164,465

126,985,944 81,645,749

Ministry of Energy- Ontario Energy Corporation— investment 100,000,000

Ministry of Industry and Tourism- Ontario Development Corporation— advances 28,172,563

Northern Ontario Development Corporation— advances 10,832,458

Eastern Ontario Development Corporation— advances 5,982,522

Ontario Place Corporation— advances 1,233,000

46,220,543

23,833,847 5,778,998

1,288,900

30,901,745

(1) See Ontario Land Corporation note on page 31

PUBLIC ACCOUNTS, 1974-75 17

SCHEDULES TO STATEMENT OF CONSOLIDATED REVENUE FUND

STATEMENT OF DISBURSEMENTS— Concluded

Year ended March 31, 1975

1975 1974

$ $

Ministry of Health- Loans to public hospitals 42,126,000 33,270,400

Ministry of Agriculture and Food- Sundry municipalities re tile drainage 12,508,400 8,199,500

Sundry co-operative associations 60,000 65,000

12,568,400 8,264,500

Ministry of Transportation and Communications—

The Ontario Transportation Development Corporation 6,000,000

Ministry of Natural Resources- Loans under The Fisheries Loans Act 503

Total Disbursements 1,422,966,835 856,649,81 1

18 PUBLIC ACCOUNTS 1974-75

SCHEDULES TO STATEMENT OF CONSOLIDATED REVENUE FUND

STATEMENT OF RECEIPTS

Year ended March 31, 1975

1975 1974

$ $

Repayments of Loans, Advances and Investments—

Ministry of Treasury, Economics and Intergovernmental Affairs- Ontario Hydro -secured by bonds 46,980,000 26,751,000

Other Corporations, Boards and Commissions- Ontario Housing Corporation 208,406,264 ( 1 ) 5,975, 1 34

Ontario Mortgage Corporation 1 1,826,000 8,387,000

Ontario Student Housing Corporation 6,000

The Ontario Education Capital Aid Corporation 46,086,357 41,840,742

The Ontario Universities Capital Aid Corporation 20,582,268 18,61 1,996

Ontario Development Corporation 6,866,964 8,271,933

Northern Ontario Development Corporation 297,253 621,068

The Ontario Municipal Improvement Corporation 4,713,000 4,766,41 1

The Crop Insurance Commission of Ontario 70,000 600,000

The Ontario Junior Farmer Establishment Loan

Corporation 5,794,424

Loans to Municipalities- Sundry municipalities re municipal works assistance 4,338,128 4,245,604

The Municipality of Metropolitan Toronto 1 ,378,000 1 ,309,000

Federal-Provincial employment loans 567,775 524,533

Federal-Provincial special development loans 262,200 235,189

Federal-Provincial Winter Capital Projects Fund 10,640

Township of Elliot Lake 21 8,600 247,500

City of Windsor 66,501 65,570

Town of Kapuskasing 48,241 43,929

Improvement District of Manitouwadge 32,000 45,300

The Shoreline Property Assistance Act, 1973 7,707

The Moosonee Development Area Board 4,000 3,000

Township of Atikokan 5,300

Other Loans and Investments- Sandwich, Windsor and Amherstburg Railway Company —bonds

Early retirement of 3% bonds due April 1, 1980. Annual payment on bond maturing in 1977. . .

Municipal and school tax credit assistance

Agricultural Loans

Settlers' Loans '

Ministry of the Environment- Ontario Hydro— nuclear power generating station

Investments in water treatment and waste control facilities Sundry loans and investments

Ministry of Health- Loans to public hospitals

(1) See Ontario Land Corporation note on page 31

2,100,000

50,000

203,124

855

50,000

227,805

978

45,315

355,115,877

128,674,731

17,735,041 6,790,464

7,345,562

11,309,814

438,147

24,525,505

19,093,523

11,783,650

29,753,069

PUBLIC ACCOUNTS, 1974-75 19

SCHEDULES TO STATEMENT OF CONSOLIDATED REVENUE FUND STATEMENT OF RECEIPTS -Concluded Year ended March 31, 1975

1975 1974

$ $

Repayment of Loans, Advances and Investments— Continued Ministry of Industry and Tourism

Ontario Place Corporation 4,704,900

Ministry of Agriculture and Food- Sundry municipalities re tile drainage 4,048,439 3,439,930

Sundry co-operative associations 293,664 235,213

4,342,103 3,675,143

Ministry of Education

Provincial Student-Aid Loans 192,042 307,81 1

Ministry of Natural Resources- Sundry conservation authorities 77,050 68,328

Total Receipts 400,741,127 181,572,605

20

PUBLIC ACCOUNTS, 1974-75

SCHEDULES TO STATEMENT OF CONSOLIDATED REVENUE FUND

STATEMENT OF CREDITS

Year ended March 31, 1975

Demand Deposits with the Province of Ontario Savings Office—

Ministry of Treasury, Economics and Intergovernmental Affairs

Province of Ontario Savings Office (net)

1975

$

46,346,171

1974

$

28,027,505

Pension Funds—

Ministry of Treasury, Economics and Intergovernmental Affairs

Public Service Superannuation Fund

Legislative Assembly Retirement Allowances Account

151,290,984 433,696

128,956,714 347,196

151,724,680 129,303,910

Deposit and Trust Accounts—*

Ministry of Treasury, Economics and Intergovernmental Affairs- Ontario Energy Corporation deposit account

Payroll deductions (net)

Ontario Food Terminal Board sinking fund deposits

Sandwich, Windsor and Amherstburg Railway Company- interest on sinking fund deposit

The Fund for Milk and Cream Producers

Security bond forfeitures

The Motor Vehicle Dealers Act

The Consumer Protection Act

The Real Estate and Business Brokers Act

The Private Investigators and Security Guards Act

Unclaimed monies— miscellaneous

Queen Elizabeth II Ontario Scholarship Fund interest

McMichael Canadian Collection of Art

Canadian Trotting Association— Standard Breeders awards unclaimed

The Crop Insurance Commission of Ontario— deposit account.

Sundry

Ministry of Consumer and Commercial Relations

Motor Vehicle Accident Claims Fund

Personal Property Assurance Fund

Canada Labour Safety Code

Ministry of the Environment- Sinking fund for recovery of the cost of capital assets

Reserve fund for renewals, replacements and contingencies Deep well disposal security fund

99,998,000

292,782

(141,182)

282,205

164,498

133,035

87,046

82,702

55,886

65,000

65,000

44,859

65,000

26,000

23,600

3,350

35,674

42,493

25,000

25,000

8,257

59,079

3,768

210

224,586

8,381

704

101,009,013

671,920

13,603,728

12,105,422

208,183

156,911

50,000

13,811,911

12,312,333

3,224,144

3,366,219

879,867

1,272,516

5,243

64,683

4,109,254

4,703.418

*See 1975 Changes in Accounting Treatment, page 9.

PUBLIC ACCOUNTS, 1974-75

21

SCHEDULES TO STATEMENT OF CONSOLIDATED REVENUE FUND

STATEMENT OF CREDITS-Continued

Year ended March 31, 1975

Deposit and Trust Accounts— Continued Ministry of Community and Social Services.

Ontario Olympic Lottery Sports Fund

National study on sports and recreation Federal Government

grant

Contract security deposits— Athletics Commissioner

Bequests and scholarships

Coaching development program

Ministry of Natural Resources—

The Pits and Quarries Control Act, 1971

Contract security deposits

Retail sales tax

Ministry of Revenue- Contract security deposits retail sales tax

Ministry of Transportation and Communications- Construction Trust Account

Contract security deposits

Ministry of Government Services- Publications Deposit Trust Account

Contract security deposits— plan and tender

Central Collection Services

Ministry of Labour- Employment Standards— unclaimed wages

Ministry of Education- Bequests and scholarships

Correspondence courses relocation incidentals

Ontario Education Association Elementary Teachers' Loan Fund

1975

$

3,502,345

1974

$

95.196 14,979

4,272

2,050

(124)

90,000

3,616,792

91,926

981,006 14,158

908,951

27,095

89

995,164

936,135

174,589

38,042

130,344 12,931

455,138 200

143,275

455,338

49,328 7,525 1,626

1,200 15,838

58,479

17,038

31,585

59,431

26,700 9 365

937

21,461 503

37,002

21,964

22

PUBLIC ACCOUNTS, 1974-75

SCHEDULES TO STATEMENT OF CONSOLIDATED REVENUE FUND

STATEMENT OF CREDITS -Concluded

Year ended March 31, 1975

1975

$

1974

$

Ministry of Health- Ontario Hospital Association Blue Cross 6,091

Estates' funds 4,730

Hospital trust accounts 3,984 6,536

Bequests 3,040 5,002

Home Care Program of Metropolitan Toronto 1,401

19,246 11,538

Ministry of Correctional Services- Unclaimed monies 1,704 2,156

Ministry of Agriculture and Food- Bequests and scholarships 3,185 2,615

Total Deposit and Trust Accounts 124,011,199 19,323,854

Reserve Accounts—

Ministry of Treasury, Economics and Intergovernmental Affairs- Unclaimed debenture principal and interest 1 ,266,752 4,468

Outstanding cheques 295,808 1,143,138

1,562,560 1,147,606

Ministry of Health- Outstanding cheques 28,155 573,673

Ministry of Government Services- Outstanding cheques 3,584

Ministry of Correctional Services- Outstanding cheques 2, 1 56

Management Board of Cabinet- Outstanding cheques 1 ,890 458

Ministry of Consumer and Commercial Relations- Outstanding cheques 1 ,656 527

Ministry of Transportation and Communications- Asset replacement 250 250

Ministry of Agriculture and Food- Outstanding cheques 249

Ministry of Colleges and Universities- Outstanding cheques 633

Total Reserve Accounts 1 ,600,500 1 ,723,147

Total Credits 323,682,550 178,378,416

1

PUBLIC ACCOUNTS, 1974-75 23

SCHEDULES TO STATEMENT OF CONSOLIDATED REVENUE FUND

STATEMENT OF CHARGES

Year ended March 31, 1975

Pension Funds

Ministry of Treasury, Economics and Intergovernmental Affairs

Public Service Superannuation Fund

Legislative Assembly Retirement Allowances Account

1975

$

1974

$

42,281,435

277,249

38,007,458 233,834

42,558,684

38,241,292

Deposit and Trust Accounts*

Ministry of Consumer and Commercial Relations- Motor Vehicle Accident Claims Fund 12,107,170 9,574,421

Ministry of Treasury, Economics and Intergovernmental Affairs- Sandwich, Windsor and Amherstburg Railway Company— sinking

fund deposits 2,100,000

Security bond forfeitures—

The Consumer Protection Act

The Motor Vehicle Dealers Act

The Real Estate and Business Brokers Act

The Private Investigators and Security Guards Act

The Bailiffs Act

The Fund for Milk and Cream Producers

Queen Elizabeth II Ontario Scholarship Fund (income account)

Contract security deposits- Ministry of Natural Resources

Ministry of Transportation and Communications

The Crop Insurance Commission of Ontario— deposit account

Unclaimed monies miscellaneous

Payroll adjustment Ministry of Government Services

Canadian Trotting Association— Standard Breeders awards unclaimed

Ontario Health Insurance Plan— special account

Central Mortgage and Housing Corporation Moosonee

Central Mortgage and Housing Corporation Ear Falls

Defence Training Board (Canada)

McMichael Canadian Collection of Art

The Centennial Centre of Science and Technology

Receipts in Suspense

Ministry of Community and Social Services- Ontario Olympic Lottery Sports Fund

National study on sports and recreation Federal Government grant

Coaching Development Program

Contract security deposits Athletics Commissioner

Bequests and scholarships

50,000

15,000

40,000

75,000

16,000

24,000

6,874

4,868

35,545

160,223

23,631

30,079

16,245

26,609

4,000

7,180

7,639

275,000

5,695

9,768

164

63

499

313,667

236,775

54,950

15,820

10,062

4,667

50

2,305,856

1,264,217

1,441,353

95,196

90,000

15,629

258

1,642,436

See 1975 Changes in Accounting Treatment, page 9.

24

PUBLIC ACCOUNTS, 1974-75

SCHEDULES TO STATEMENT OF CONSOLIDATED REVENUE FUND

STATEMENT OF CHARGES-Continued

Year ended March 31, 1975

Deposit and Trust Accounts— Continued Ministry of the Environment- Advances from municipalities

Reserve fund for renewals, replacements and contingencies

Ministry of Transportation and Communications- Construction Trust Account

Ministry of Revenue- Contract security deposits retail sales tax

Ministry of Government Services- Central Collection Services

Contract security deposits

Ministry of Health- Hospital Trust Accounts

Estates' funds

Ministry of Labour- Unclaimed vacation-with-pay trust account

Employment Standards— unclaimed wages

Duplicate payments

Suspense

Canada Labour Safety Code

Ministry of Agriculture and Food- Bequests and scholarships

Ministry of Education- Bequests and scholarships

Total Deposit and Trust Accounts

Reserve Accounts

Ministry of Treasury, Economics and Intergovernmental Affairs- Outstanding cheques

Unclaimed debenture principal and interest

Sandwich. Windsor and Amherstburg Railway Company unclaimed

coupon account

Farm Loan Bad Debts Agriculture Development Board

1975

$

444,148

1974

$

3,549,731

242,522

444,148

3,792,253

211,279

315,230

86,512

780

16.836,892

298,239 5,601

1 ,342

5.106

15,839 1,200

17,039

1 1 ,603 4,410

30.312

16,013

30,312

1.437

1.099

978

187

7.172 2,453

25,000

3.701

34,625

1,958

23,783

15.122.947

305,182

1,647.309

1,889,861

PUBLIC ACCOUNTS, 1974-75 25

SCHEDULES TO STATEMENT OF CONSOLIDATED REVENUE FUND

STATEMENT OF CHARGES -Concluded

Year ended March 31, 1975

Reserve Accounts Continued

1975 1974

$ $

Ministry of Health- Outstanding cheques 165,954 41.155

Ministry of Government Services- Outstanding cheques 2,735

Ministry of Consumer and Commercial Relations- Outstanding cheques 146 150

Ministry of Colleges and Universities- Outstanding cheques 46 26

Ministry of Correctional Services- Outstanding cheques 38

Total Reserve Accounts 474,101 1,931.198

Miscellaneous

Ministry of Government Services- Mortgage principal 109,925 104.120

Total Charges 59.979,602 55.399.557

26

PUBLIC ACCOUNTS, 1974-75

SCHEDULES TO STATEMENT OF CONSOLIDATED REVENUE FUND

DEBT TRANSACTIONS

Proceeds of Loans for year ended March 31, 1975

Debenture

Series Rate

"CPP" Straight Term 1

7.61% due April

7.61% '

' April

7-61% '

April

7.61% '

April

7.61% '

' April

8.01% '

' May

8.01% '

1 May

8.01% '

' May

8.01% '

' May

8.46% '

June

8.46% '

June

8.46% '

June

8.46% '

June

8.46% '

June

8.46% '

June

8.58% '

' July

8.58% '

' July

8.58% '

' July

8.58% '

' July

9.05% '

' August

9.05% '

August

9.05% '

August

8.92% '

September

8.92% '

September

8.92% '

September

8.92% '

September

9.14% '

' October

9.14% '

October

9.14% '

' October

9.14% '

' October

9.25% '

' November

9.25% '

' November

9.25% '

November

9.07% '

December

9.07% '

' December

9.07% '

' December

8.63% '

January

8.63% '

' January

8.46% '

' February

8.46% '

' February

8.46% '

' February

8.38% '

' March

8.38% '

' March

8.38% '

' March

8-38% '

' March

8.38% '

' March

Detail Canada Pension Plan

2, 1994 15,000,000

3, 1994 15,000,000

4, 1994 15,000,000

5, 1994 15,000,000

8, 1994 15,231,000

3, 1994 18,000,000

6, 1994 18,000,000

7, 1994 18,000,000