Budget 2004 -- Government of British Columbia.
 
ESTIMATED SURPLUS/(DEFICIT) OVERVIEW
($000)
Estimates1
2003/04
  Updated
Forecast1
2003/04
  Estimates
2004/05
Taxpayer-supported Programs and Agencies
27,615,000
 
27,454,000
Revenue
28,357,000
30,730,000
(31,032,000)
Expense
(30,229,000)
(3,115,000)
(3,578,000)
(1,872,000)
1,381,000
2,034,000
  Net Earnings of Self-Supported Crown Corporations and Agencies
2,072,000
(1,734,000)
(1,544,000)
Surplus/(Deficit) before Forecast Allowance
200,000
(500,000)
(100,000)
Forecast Allowance
(100,000)
(2,234,000)
(1,644,000)
Surplus/(Deficit)
100,000
 
ESTIMATED ACCUMULATED DEFICIT
($000)
Estimates
2003/04
  Updated Forecast
2003/04
  Estimates
2004/05
(8,528,000)
(7,954,000)
Accumulated Deficit, Beginning of Year 2
(5,271,000)
(57,000)
 
Opening equity adjustment 3
 
4,524,000
4,524,000
Adjustment for the inclusion of SUCH 4
 
(197,000)
(197,000)
Other adjustments 5
 
(4,258,000)
(3,627,000)
Accumulated Deficit, Beginning of Year, Restated
(5,271,000)
(2,234,000)
(1,644,000)
Surplus/(Deficit) for the Year
100,000
(6,492,000)
(5,271,000)
Accumulated Deficit, End of Year
(5,171,000)
                 
 
NOTES
1   The 2003/04 Estimates and Updated Forecast amounts have been restated to conform with the 2004/05 Estimates presentation. See Significant Presentation Changes (Note 1) for details.
2   The 2003/04 Updated Forecast amount for the beginning of the fiscal year is as reported in the 2002/03 Public Accounts.
3   Represents adjustments required to reconcile the amount for the beginning of the year to the amount reported in the 2002/03 Public Accounts.
4   Represents the impact of including school districts, post-secondary institutions and regional health authorities/societies (SUCH) in the government reporting entity.
5   Represents the portion of the Healthcare Benefits Trust unfunded liability charged to 2002/03 and prior years.
 

 

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