Ministry of Finance and Corporate Relations Honourable Paul Ramsey, Minister	This electronic version is for informational purposes only. The printed version remains the official version.

Report B: FISCAL REVIEW AND OUTLOOK

TABLE B4
SUMMARY ACCOUNTS OPERATING RESULTS — 2000/01 BUDGET ESTIMATE DETAILS

				Budget Estimate 1999/00	Revised Forecast 1999/00	Budget Estimate 1999/00
					($ millions)
Consolidated revenue fund (CRF):
	Revenue			20,3851	21,385	21,500
	Expenditure			(21,045)	(22,593)	(22,300)
		CRF balance		(660)	(1,208)	(800)
Crown corporations and agencies:2
	Taxpayer-supported:
		British Columbia Buildings Corporation		75	39	62
		British Columbia Ferry Corporation		(51)	(308)	(10)
		BC Transportation Financing Authority		4	3	(1)
		Forest Renewal BC		(243)	(47)	(52)
		Other3		25	(17)	(16)
				(190)	(330)	(17)
		Less: contributions paid to CRF4		(246)	(71)	(62)
		Less: accounting adjustments —
			Forgiveness of British Columbia Ferry Corporation debt	—	1,080	—
			Other accounting adjustments5	(249)	(226)	(227)
		Total taxpayer-supported		(685)	453	(306)
	Self-supported:
		British Columbia Hydro and Power Authority (BC Hydro)		417	418	429
		Liquor Distribution Branch		620	615	620
		British Columbia Lottery Corporation		510	525	534
		British Columbia Railway Corporation		32	(582)	40
		Insurance Corporation of British Columbia		(7)	96	3
		Other6		(7)	(7)	42
				1,565	1,065	1,668
		Less: contributions paid to CRF7		(1,433)	(1,380)	(1,386)
		Less: accounting adjustments —
			BC Hydro transfer to (from) rate stabilization account	—	137	(17)
			Other accounting adjustments8	(86)	(112)	(137)
		Total self-supported		46	(290)	128
Total Crown corporations and agencies				(639)	163	(178)
Forecast allowance				(230)1	(100)	(300)
Total summary accounts deficit				(1,529)	(1,145)	(1,278)
1 The 1999/00 budget included a revenue allowance of $230 million, which was deducted from revenue. In order to be consistent with the presentation used for 2000/01, this allowance has been shown as a forecast allowance for the summary accounts deficit. 2 In the 1999/00 budget, only aggregate estimates were prepared for taxpayer-supported and self-supported Crown corporations and agencies. In this presentation, detailed budget estimates are provided based on forecasts prepared by the Ministry of Finance and Corporate Relations. 3 Includes earnings/(losses) of British Columbia Transit, British Columbia Securities Commission, Okanagan Valley Tree Fruit Authority, Tourism British Columbia and other taxpayer-supported Crown corporations and agencies. 4 Dividends from the British Columbia Buildings Corporation that are included in CRF revenue. 5 Primarily includes adjustments to record the amortization of the cost of highways transferred to the BC Transportation Financing Authority. 6 Includes earnings/(losses) of the Columbia Power Corporation and 552513 British Columbia Ltd. (Skeena Cellulose Inc.) and other self-supported Crown corporations. 7 Includes dividends from self-supported Crown corporations that are included in CRF revenue. 8 Primarily includes the transfer of British Columbia Lottery Corporation revenue to charities and local governments.