The AGCO is an agency reporting to MAG, the AGCO’s annual spending authority comes from the Ministry’s printed estimates, as approved by the Legislature, and all revenues are remitted to the Consolidated Revenue Fund. The AGCO Board of Directors reviews the annual budget.
The recent expansion of the AGCO’s mandate has necessitated a strategic and comprehensive review of the AGCO’s funding framework in 2017–18. AGCO’s funding framework has further expanded in 2018-19 to include licensing and regulation of Cannabis retail stores. The financial tables below reflect additional resources and fees.
AGCO Revenue ($ thousands) |
||||||
---|---|---|---|---|---|---|
Over / (Under) |
2018–19 |
2018–19 |
Variance $ |
2019–20 |
2020–21 |
2021–22 |
FEES & LEVIES |
|
|
|
|
|
|
Liquor - related |
14,713.00 |
14,482.98 |
(230.02) |
15,101.80 |
15,300.98 |
15,300.98 |
Gaming - related |
15,916.10 |
16,095.52 |
179.42 |
15,944.42 |
15,846.32 |
15,650.08 |
Cannabis - related |
371.88 |
371.88 |
0.00 |
2,741.88 |
3,915.63 |
4,359.38 |
Total |
31,000.98 |
30,950.37 |
(50.61) |
33,788.10 |
35,062.93 |
35,310.43 |
To align with the Government-wide expenditure management strategy, the 2018–19 Gross Expenditures Forecast to Budget savings of $12.18M is a result of restrictions on spending and hiring for the Ontario Public Service (OPS).
AGCO Expenditures ($ thousands) |
||||||
---|---|---|---|---|---|---|
Savings / (Pressure) |
2018–19 |
2018–19 |
Variance $ |
2019–20 |
2020–21 |
2021–22 |
OPERATING |
|
|
|
|
|
|
Salaries and Wages |
67,257.60 |
64,255.90 |
3,001.70 |
69,263.73 |
67,962.48 |
68,015.35 |
Benefits |
11,948.20 |
12,926.10 |
(977.90) |
12,097.93 |
11,701.71 |
11,709.91 |
ODOE (OTHER DIRECT OPERATING EXPENSES) |
|
|
|
|
|
|
Transportation and Communications (T&C) |
2,997.10 |
2,459.80 |
537.30 |
2,995.20 |
3,003.10 |
2,988.60 |
Services (2) |
25,530.70 |
16,619.70 |
8,911.00 |
22,829.84 |
13,068.01 |
12,899.34 |
Supplies & Equipment |
1,721.80 |
1,012.20 |
709.60 |
1,698.30 |
1,698.30 |
1,698.30 |
Gross Expenditures |
109,455.40 |
97,273.70 |
12,181.70 |
108,885.00 |
97,433.60 |
97,311.50 |
Recoveries (2) |
(73,194.10) |
(61,012.40) |
(12,181.70) |
(72,764.10) |
(63,394.10) |
(63,394.10) |
Total |
36,261.30 |
36,261.30 |
0.00 |
36,120.90 |
34,039.50 |
33,917.40 |
The AGCO’s Capital Budget consists of the purchase of IT hardware and costs related to the implementation of the multi-year iAGCO IT business application project. With the addition of Cannabis, the implementation of iAGCO is now extended to 2020–21.
AGCO Capital Assets ($ thousands) |
||||||
---|---|---|---|---|---|---|
|
2018–19 |
2018–19 YE Forecast
|
Variance $ |
2019–20 |
2020–21 |
2021–22 |
IT Hardware(1) |
290.70 |
290.70 |
0.00 |
683.08 |
1,193.81 |
404.50 |
iAGCO(2) |
4,962.90 |
4,962.90 |
0.00 |
3,953.30 |
955.10 |
0.00 |