The AGCO receives its annual spending authority from the Ministry’s printed estimates, as approved by the Ontario Legislature. The AGCO is funded from a combination of revenue from the Consolidated Revenue Fund (CRF) and recoveries.
Expense Category |
2022-23 Budget* |
2022-23 Forecast* |
Variance |
2023-24 Budget |
2024-25 Budget |
2025-26 Budget |
---|---|---|---|---|---|---|
Operating |
||||||
Salaries and Wages (S&W) |
76,016.70 |
71,212.25 |
4,804.45 |
75,946.00 |
75,837.40 |
75,837.40 |
Benefits |
15,467.50 |
15,219.44 |
248.06 |
15,761.30 |
16,143.70 |
16,143.70 |
Other Direct Operating Expenses |
||||||
Transportation and Communications (T&C) |
3,347.60
|
1,387.76
|
1,959.84
|
3,345.80
|
3,340.60
|
3,340.60
|
Services
|
22,062.00
|
18,982.33
|
3,079.67
|
13,268.80
|
13,261.50
|
13,261.50
|
Supplies and Equipment (S&E) |
2,069.60
|
1,145.42
|
924.18
|
2,067.90
|
2,062.60
|
2,062.60
|
Transfer Payment |
1.00 |
0.00 |
1.00 |
0.00 |
0.00 |
0.00 |
TOTAL Gross Expenditure |
118,964.40
|
107,947.19
|
11,017.21 |
110,389.80
|
110,645.80
|
110,645.80
|
Less: Recoveries |
79,094.70
|
49,670.54
|
29,424.16 |
71,123.20
|
71,574.30
|
71,574.30
|
Base Budget from Government |
39,869.70
|
58,276.65
|
(18,406.95) |
39,266.60
|
39,071.50
|
39,071.50
|
Capital |
3,774.10 |
1,688.10 |
2,086.00 |
471.20 |
489.60 |
1,234.70 |
Revenue** |
38,365.70 |
36,967.77 |
1,397.93 |
67,431.02*** |
40,284.33 |
40,284.33 |
* 2022-23 Budget and Forecast (as of Q2 2022-23) do not include expenditures paid on behalf of iGaming Ontario (iGO). Forecasted iGO direct costs incurred by the AGCO on behalf of iGO are $8.5M.
** This represents fee revenue that goes into the government’s Consolidated Revenue Fund (CRF).
*** The increase in revenue in the 2023-24 Budget is due to the adoption of a new Public Sector Accounting Standards (PSAS) accounting standard, PS3400 – Revenue recognition. There may be changes in timing of revenue recognition depending on the nature of the revenue.