Consolidated Statement of Financial Position as at restated (Note 3) ASSETS Current Cash and short-term investments $ 39,232 $ 15,807 Due from Canada (Note 4) 61,356 44,871 Accounts receivable (Note 5) 15,817 18,719 Inventories 2,502 2,834 118,907 82,231 Long-term Advances to Territorial corporations (Note 6(b)) 500 500 Loans receivable (Note 7) 37,402 31,886 Land held for sale (Note 8) 28,057 27,057 Investments in government business enterprises (Notes 3 and 6(a)) 94,848 85,896 Capital assets, at a nominal value of one dollar - - $ 279,714 $ 227,570 LIABILITIES Current Due to Canada (Note 4) $ 7,390 $ 7,080 Accounts payable and accrued liabilities (Note 9) 49,862 40,568 Deferred revenues 11,825 13,445 69,077 61,093 Long-term Employee termination benefits (Note 10) 22,821 23,213 Long-term debt (Note 11) 31,792 24,937 Contingencies, commitments and guarantees (Notes 6(c), 8, 17, 19, 20, 21, 22, 23 and 24) SURPLUS 123,690 109,243 Surplus 156,024 118,327 $ 279,714 $ 227,570 The accompanying notes and schedules are an integral part of these consolidated financial statements. Approved: Deputy Head of the Department of Finance Minister of Finance
Consolidated Statement of Operations and Surplus for the year ended Main Estimates Actual Actual (Note 16) restated (Note 3) Revenues (Schedule A) Grant from Canada $ 281,861 $ 349,678 $ 281,927 Taxes and general revenues 75,525 70,516 79,250 Transfer payments from Canada 15,908 20,944 20,263 Investment income (Notes 3 and 6(a)) 5,085 13,955 3,492 Recoveries (Schedule B) Operations and maintenance 36,402 33,928 34,249 Capital 22,049 12,860 23,179 436,830 501,881 442,360 Expenditures (Note 13 and Schedule C) Operations and maintenance 370,467 370,544 359,710 Capital 70,598 93,809 81,793 441,065 464,353 441,503 Recovery of prior years' expenditures - 169 119 Surplus (deficit) for the year $ (4,235) 37,697 976 Surplus at beginning of year - as previously reported 146,241 143,755 Change in accounting policy (Note 3) (27,914) (26,404) Surplus at beginning of year - as restated 118,327 117,351 Surplus at end of year $ 156,024 $ 118,327 The accompanying notes and schedules are an integral part of these consolidated financial statements.
Consolidated Statement of Cash Flows for the year ended restated (Note 3) Cash flows from operating activities Surplus for the year $ 37,697 $ 976 Adjustments for: Employee termination benefits 61 393 Provision for land write-off 2,307 (4) Provision for doubtful loans receivable and accounts receivable 710 (158) Investments in government business enterprises (8,952) 2,259 Gain on sale of lots (110) (366) Changes in non-cash working capital Increase in due from Canada (16,485) (1,656) Decrease (increase) in accounts receivable 1,262 (5,297) Decrease (increase) in inventories 332 (109) Increase (decrease) in due to Canada 310 (2,526) Increase (decrease) in accounts payable and accrued liabilities 8,852 (7,318) Increase (decrease) in deferred revenues (1,620) 2,509 24,364 (11,297) Cash flows from investing activities Investment in land held for sale (5,698) (4,721) Proceeds from sale of land held for sale 557 214 Loans advanced (5,390) (5,108) Loans repaid 6,878 9,504 (3,653) (111) Cash flows from financing activities Issue of long-term debt 8,427 709 Repayment of long-term debt (5,713) (1,503) 2,714 (794) Net increase (decrease) in cash and cash equivalents 23,425 (12,202) Cash and cash equivalents Beginning of year 15,807 28,009 End of year $ 39,232 $ 15,807 The accompanying notes and schedules are an integral part of these consolidated financial statements.
1. Authority and operations The Government of the Yukon Territory (the Government) operates under the authority of the Yukon Act (Canada). All disbursements for operations and loans are authorized by the Yukon Legislative Assembly. The Yukon Housing Corporation operates under the authority of the Housing Corporation Act (Yukon). 2. Significant accounting policies (a) Principles of consolidation The consolidated financial statements include the accounts of the Government and organizations accountable to and controlled by the Government. The entities that exist to deliver the executive functions of the Government are fully consolidated in these financial statements. The entities, which are deemed to be government business enterprises, are accounted for using the modified equity method. The organizations comprising the consolidated government reporting entity, categorized by accounting method are: Fully consolidated: Government of the Yukon Territory Yukon Housing Corporation Modified equity: Yukon Development Corporation Yukon Liquor Corporation Trusts administered by the Government on behalf of other parties (Note 15) are excluded from the consolidated Government reporting entity. (b) Basis of accounting Revenues Revenues are recorded on an accrual basis unless the accruals cannot be determined with a reasonable degree of certainty or when their estimation is impracticable. The exceptions are as follows: Income taxes, levied under the Income Tax Act (Yukon), are collected by Canada under a tax collection agreement and are remitted to the Government monthly. The remittances are based on estimates for the taxation year, which are periodically adjusted until the income tax assessments for that year are completed. The remittances for the taxation year are recognized as revenues of the fiscal year in which the taxation year ends, together with known income tax adjustments arising in the fiscal year. Revenue from general property tax, assessed on a calendar year basis, is recognized in the fiscal year in which the calendar year ends.
Expenditures Operations, maintenance and capital expenditures are recorded on an accrual basis. Transfer payments are recorded as expenditures when paid or when the terms of a contractual transfer agreement have been met. Lease payments under capital and operating leases are recorded respectively as capital and operations and maintenance expenditures. Expenditures are recovered from Canada under various cost-sharing agreements including reconstruction of the Alaska Highway, social assistance and occupational training. The amounts are recorded as recoverable in the year in which the expenditures are incurred. Any adjustments upon finalization are reflected in the accounts in the year of adjustment. Recovery of prior years expenditures includes reversal of excessive accruals made in prior years. These amounts cannot be used to increase the amount appropriated for expenditures for the current year. Assets Short-term investments are valued at cost or at fair value, whichever is lower. Inventories consist primarily of fuel and lubricants, repair parts, stationery and office supplies, highway materials, and engineering, building and maintenance supplies, and are valued at the lower of cost and replacement value. Other materials and supplies are charged to expenditures at the time of acquisition. Loans receivable are stated at principal amounts. Valuation allowances, which are recorded to reduce loans receivable to their net recoverable amount, are based on historical experience, current conditions and all circumstances known at the date of the preparation of the financial statements. Interest revenue is recognized on an accrual basis until such time that the collectibility of either principal or interest is not reasonably assured. Land held for sale comprises the costs of acquiring, planning and developing serviced lots for eventual sale. The lots are valued at cost, except, when there has been a loss in value that is other than a temporary decline, the lots are written down to recognize the loss. Gains or losses on the sale of lots are recognized at the time of sale. Capital assets, except land held for sale, are charged to expenditures at the time of acquisition or construction and are shown on the consolidated statement of financial position at a nominal value of one dollar. Liabilities Liabilities include financial claims payable by the Government and revenues received but not yet earned. Deferred revenues are comprised of remittances of income taxes for the first three months of the following taxation year together with motor vehicle licence fees, land claim implementation funds and other items for the following fiscal year.
(c) Investments The Financial Administration Act (Yukon) allows the Government to invest money from the consolidated revenue fund in the following investments: - securities that are obligations of or guaranteed by Canada or a province; - fixed deposits, notes, certificates and other short term paper of or guaranteed by a bank including swapped deposit transactions in currency of the United States of America; - commercial paper issued by a company incorporated under the laws of Canada or a province, the securities of which are rated in the highest rating category by at least two recognized security rating institutions. The duration of the securities held depends on cash projections but usually averages under a year in length. (d) Grant and transfer payments from Canada The grant is subject to the terms of a financial agreement with Canada and is receivable in monthly instalments. Periodic adjustments, as they become known, are made to the grant for income taxes, Canada Health and Social Transfer contributions and certain operating revenues and recoveries collected by the Government which differ from the estimated amounts used to determine the grant for the fiscal year. Further adjustments are made in accordance with escalation and tax effort adjustment clauses in the agreement. Other adjustments may arise out of new federal initiatives or unforeseen events. Transfer payments are received from Canada in accordance with the Federal-Provincial Fiscal Arrangements and Established Programs Financing Act (Canada), 1977. Adjustments are made in accordance with the arrangements in the year they are known. (e) Employee termination benefits Under the conditions of employment, employees may qualify and earn employment benefits for annual leave, retirement and severance pay. Annual leave is recorded at an estimated value based on outstanding leave credits. Other estimates are based on experience. (f) Measurement uncertainty The preparation of financial statements in accordance with stated accounting policies requires the Government to make estimates and assumptions that affect the amounts of assets, liabilities, revenues and expenditures reported in the financial statements. By their nature, these estimates are subject to measurement uncertainty. The effect on the financial statements of changes to such estimates and assumptions in future periods could be significant although, at the time of preparation of these statements, the Government believes the estimates and assumptions to be reasonable. Some of the more significant management estimates relate to grant from Canada, employee termination benefits and contingencies. (g) Contingent liabilities The contingencies of the Government are potential liabilities which may become actual liabilities when one or more future events occur or fail to occur. If the future event is likely to occur or fail to occur, an estimated liability is accrued. If the likelihood is not determinable or the amount cannot be reasonably estimated, the contingency is disclosed. Contingent liabilities result from potential environmental contingencies, pending or threatened litigation and like items.
3. Change in accounting policy Effective April 1, 1998, the Government changed its method of accounting for the Compensation Fund (Yukon). As disclosed in Note 15, the Government administers the trust assets and liabilities of the Compensation Fund (Yukon). Previously, the Compensation Fund (Yukon) was accounted for under the modified equity method as a government business enterprise. This change was made to conform with accounting recommendations issued by the Public Sector Accounting Board of the Canadian Institute of Chartered Accountants. This change in accounting policy has been applied retroactively and financial statements of the prior year have been restated. The effect on operations is as follows: Decrease in investment income $ 31,812 $ 1,510 The effect on the financial position is as follows: Decrease in investments in government business enterprises 59,726 27,914 Decrease in surplus 59,726 27,914 4. Due from/to Canada Due from Canada Under cost-sharing agreements and projects on behalf of Canada $ 37,833 $ 44,728 Federal grant receivable 23,188 65 Other 335 78 Due to Canada $ 61,356 $ 44,871 Income tax payable $ 4,281 $ - RCMP 2,498 2,296 Federal grant payable - 4,546 Other 611 238 $ 7,390 $ 7,080 Amounts due from and due to Canada are payable on demand and are non-interest bearing. The carrying amounts approximate fair market values because of their short term to maturity.
5. Accounts receivable Taxes, interest and other revenue receivables, net of allowance for doubtful accounts $ 6,694 $ 8,620 Current portion of loans receivable (Note 7) 4,953 6,234 Due from Territorial corporations 3,296 2,923 Prepaid expenses 874 942 $ 15,817 $ 18,719
6. Investments in government business enterprises (a) Summary financial statements Summary financial statements of the government entities accounted for by the modified equity method are provided below. The Yukon Development Corporation has a fiscal year end of December 31. The Yukon Liquor Corporation has a fiscal year end of March 31. Balance Sheet Yukon Yukon Development Liquor Corporation Corporation Total Total (as at December 31, 1998) (as at ) restated (Note 3) Assets Current $ 16,485 $ 3,655 $ 20,140 $ 14,985 Investments 4,759-4,759 4,934 Capital assets 112,015 3,632 115,647 115,017 Other 11,880-11,880 10,046 $ 145,139 $ 7,287 $ 152,426 $ 144,982 Liabilities Current $ 2,545 $ 2,604 $ 5,149 $ 5,821 Long-term debt and other 51,378 1,051 52,429 53,265 Equity 91,216 3,632 94,848 85,896 $ 145,139 $ 7,287 $ 152,426 $ 144,982 Statement of Operations and Equity Revenues $ 26,732 $ 9,796 $ 36,528 $ 39,270 Expenses 17,581 4,992 22,573 35,778 Surplus 9,151 4,804 13,955 3,492 Remitted to the Government - (5,003) (5,003) (5,751) Equity, beginning of year 82,065 3,831 85,896 88,155 Equity, end of year $ 91,216 $ 3,632 $ 94,848 $ 85,896 Equity represents the Government s investment in the government entities.
(b) Inter-entity balances and transactions In accordance with the modified equity method, inter-entity transactions and balances are: Yukon Yukon Development Liquor Corporation Corporation Total (as at December 31, 1998) (as at ) Accounts receivable from: Government of the Yukon Territory $ 308 $ 32 $ 340 Accounts payable to: Government of the Yukon Territory 26 1,512 1,538 Advance from: Government of the Yukon Territory - 500 500 Revenues from: Government of the Yukon Territory 6,294-6,294 Expenditures to: Government of the Yukon Territory 15 208 223 Advances made by the Government are interest free and have no repayment terms. (c) Commitments Yukon Liquor Corporation The Corporation has the following commitments for annual rentals of leased premises: 2000 $ 210 2001 18 Yukon Development Corporation The Corporation is in contract negotiations for the purchase and implementation of a new financial information system at an estimated cost of $400 thousand.
7. Loans receivable Mortgages receivable, due in varying annual amounts to the year 2009, bearing interest rates ranging from 0.0% to 10.0% $ 26,416 $ 20,136 Debenture loans to municipalities, due in varying annual amounts to the year 2015, bearing interest rates ranging from 5.0% to 13.3% 10,244 10,926 Business development assistance loans, due in varying annual amounts with varying terms, bearing interest rates ranging from 0.0% to 13.6% 6,002 6,539 Agreements for sale, due in varying annual amounts over a three or five year term to the year 2004, bearing interest rates ranging from 7.5% to 9.0% 1,419 2,475 Local improvement loans, due in varying annual amounts to the year 2013, bearing interest rates ranging from 5.0% to 13.4% 1,250 1,178 Energy conservation loans due in varying annual amounts with varying rates of interest 200 254 Loan to Yukon Government Fund Limited, with no repayment terms, bearing interest at 0% 114 - Mortgage receivable bearing interest at 9.5% 33 33 Less valuation allowances (3,323) (3,421) 42,355 38,120 Less current portion (Note 5) 4,953 6,234 $ 37,402 $ 31,886
8. Land held for sale Raw land $ 45 $ 79 Land under development 13,335 17,396 Finished land 14,677 9,582 $ 28,057 $ 27,057 The land inventory is affected by Yukon Indian land claims negotiations. At, $2.7 million (1998 - $3.0 million) of land development cost has been set aside for this. Recovery of costs of the land selected for land claim purposes is to be provided for by Canada as per provisions of the Bilateral Agreement of June 24, 1993. 9. Accounts payable and accrued liabilities Accrued liabilities $ 22,314 $ 20,067 Accounts payable 15,004 10,530 Current portion of employee termination benefits (Note 10) 7,822 7,369 Due to Territorial corporations 2,005 736 Contractors' holdbacks and security deposits 1,943 1,078 Current portion of long-term debt (Note 11) 774 788 $ 49,862 $ 40,568 10. Employee termination benefits Termination benefits $ 30,643 $ 30,582 Less current portion (Note 9) 7,822 7,369 $ 22,821 $ 23,213
11. Long-term debt Mortgages, with a variety of terms, secured by fixed charges against housing projects, repayable in blended monthly payments with maturities up to the year 2011, $ 23,294 $ 18,752 bearing fixed interest rates ranging from 5.4% to 12.5% Canada Mortgage and Housing Corporation loans, repayable in blended annual payments with maturities up to the year 2027, bearing fixed interest rates ranging from 5.0% to 13.3% 5,140 2,510 Loans from Canada, repayable in annual instalments with maturities up to the year 2007, bearing fixed interest rates ranging from 6.1% to 11.4% 3,995 4,118 Other debentures, repayable in semi-annual instalments with maturities up to the year 2003, bearing a fixed interest rate of 13.0% 137 345 32,566 25,725 Less current portion (Note 9) 774 788 $ 31,792 $ 24,937 Principal repayment requirements over the next five years on outstanding loans are as follows: 2000 $ 774 2001 796 2002 834 2003 893 2004 972
12. Grant from Canada Per implementation agreement $ 281,129 $ 284,070 Adjustments in respect of: Census one-time 26,681 - Formula financing escalators 20,406 4,672 Tax effort adjustment 14,095 (4,855) Own source revenues and recoveries 7,367 (2,013) Program transfers - 53 Grant from Canada per Schedule of Revenues (Schedule A) $ 349,678 $ 281,927 The Government receives a grant from Canada according to an agreed formula. The current Formula Financing Agreement with Canada is for the period April 1, 1995 to. 13. Expenditures by object Operations and maintenance Personnel $ 164,785 $ 157,575 Transfer payments 83,601 84,435 Contract and special services 64,512 62,793 Materials, supplies and utilities 33,681 32,922 Communication and transportation 11,571 11,069 Loan interest 2,748 2,485 Other 9,646 8,431 $ 370,544 $ 359,710 Capital Building and infrastructure $ 51,059 $ 54,178 Transfer payments 33,427 15,913 Equipment 6,952 11,434 Other 2,371 268 $ 93,809 $ 81,793
14. Pension plans (a) Public Service Superannuation Plan Contributions are made by the Government and its employees in equal amounts to the Public Service Superannuation Plan administered by Canada. The Government's contributions, which amounted to $7,529,000 (1998 - $7,668,000), are recorded on a current basis and represent the total liability of the Government. (b) Legislative Assembly Retirement Allowances Plan The Legislative Assembly Retirement Allowances Act (Yukon), effective in 1984, established a non-contributory, defined benefit pension plan for members of the Yukon Legislative Assembly. A new Legislative Assembly Retirement Allowances Act (Yukon) was passed in December 1991, which requires members to contribute an amount equal to 9% of their taxable indemnities and salaries to the Plan effective in 1992. The Plan provides pensions based on 5% of the best four-year average pensionable earnings for each year of service. There is a six-year vesting requirement and pensions are indexed to the Consumer Price Index. There is also a provision for payment of lump sum death and severance allowances. Contributions are recorded on a current basis. Actuarial valuations for accounting purposes are performed triennially using the projected benefit method prorated on services. An actuarial valuation of the Plan was completed as at. The average age of the seventeen active members covered by the Plan is 47.2. There are currently ten former members receiving pension benefits and nine former members who are entitled to deferred pension benefits. The actuarial valuation was based on a number of assumptions about future events, such as inflation rates, interest rates, salary increases and member turnover and mortality. The assumptions used reflect the best estimates of expected long-term rates and short-term forecasts accepted by the Members Services Board of the Legislative Assembly. Pension fund assets are held as cash and short-term investments, and are valued at the lower of cost or market value. The expected long-term inflation rate is 3.0%. The recorded retirement allowances obligation at is $11,577,000 (1998 - $10,688,000) which is included in trust liabilities and the corresponding cash reflected in trust assets. The most recent actuarial valuation of the Plan stated that the Plan, as of, was fully funded with a funding excess of $658,000. The total pension-related expenditures recorded during the year and included in the expenditures of the Yukon Legislative Assembly is $410,000 (1998 - $473,000). Actual benefits paid in the year were $237,000 (1998 - $241,000).
15. Trust assets and liabilities The Government administers trust accounts on behalf of third parties which are not included in the Government's assets and liabilities. These principally comprise cash and short-term investments. Any other assets held under administration such as property, securities and valuables are reflected in the trust accounts only upon conversion to cash. Trust accounts also include funds set aside for the Legislative Assembly Retirement Allowances Plan. restated (Note 3) Compensation Fund (Yukon) $ 129,952 $ 123,521 Legislative Assembly Retirement Allowances (Note 14) 11,577 10,688 Lottery Commission 2,733 2,540 Land Title Office Assurance Fund 1,608 1,480 Crime Prevention and Victim Services 1,587 209 Public Administrator 1,089 1,092 Other 1,375 1,889 $ 149,921 $ 141,419 The Compensation Fund (Yukon) has a fiscal year end of December 31. Its most recent financial statements are reproduced in Section III of the Public Accounts of the Government. 16. Main Estimates The Main Estimates comparative figures are from the Main Estimates approved in the Legislative Assembly in 1998 and therefore these figures do not reflect changes arising from the tabling of the Supplementary Estimates. 17. Commitments At the Government had outstanding contractual obligations of $10.0 million (1998 - $3.7 million) for major capital projects. At that date, the estimated expenditures on these capital projects over the next three years were $88.0 million (1998 - $31.1 million), of which $69.0 million (1998 - $1.8 million) is 100% recoverable. At the Government had annual building lease commitments of $5.3 million consisting of $4.2 million for rental costs and $1.1 million for operating costs. These leases are generally three year term. The Government entered into a twenty year policing services contract with the RCMP in 1992. The estimated expenditure under this contract for 1999/2000 is $9.4 million.
18. Overexpenditure During the year the following votes were overexpended: Operations and maintenance Justice $ 172 Finance 23 Overexpenditure of a vote contravenes subsection 17(2) of the Financial Administration Act (Yukon) which specifies that "a vote does not authorize any payment to be made in excess of the amount specified in the vote". 19. Guarantees The Government has guaranteed the debts of the Yukon Development Corporation of $46.8 million (1998 - $47.6 million) and business loans of $1.0 million (1998 - $1.0 million). It is expected that no significant costs will be incurred by the Government with respect to these guarantees. 20. Transfer of programs from Canada The transfer of oil and gas resource management in Yukon took effect on November 19, 1998. The Government is considering a proposal from Canada for the transfer of the remaining provincial-like responsibilities of the Northern Affairs Program. Transfer of these responsibilities will depend on certain conditions including funding requirements. 21. Land claims On February 14, 1995, Federal and Yukon legislation came into force giving effect to four Yukon First Nation Final Agreements, which incorporated the provisions of the Umbrella Final Agreement (UFA) and specific provisions for each First Nation, and four Self-Government Agreements. The UFA is a framework document signed by the Council for Yukon Indians, Canada, and the Government. Two more Yukon First Nation Final and Self-Government Agreements came into effect on October 1, 1997, and another signed on July 16, 1998. Negotiations are proceeding with the remaining seven First Nations on an individual basis. The Government signed a bilateral funding agreement with Canada on June 24, 1993, for funding towards the Government s additional implementation costs. Costs supported by this agreement include boards and councils established under the Yukon First Nation Final Agreements and implementation projects and activities. A total amount of approximately $9.3 million has been expended to. 22. Contingencies In the normal course of operations, the Government is subject to legal claims, the effect of which cannot be determined until they are settled or dismissed. At the Government estimated the total claimed amount to be about $5.4 million (1998 - $7.1 million). No liability has been admitted and no provision for claims is included in these financial statements.
23. Uncertainty due to the year 2000 issue The year 2000 issue arises because many computerized systems use two digits rather than four to identify a year. Date-sensitive systems may recognize the year 2000 as 1900 or some other date, resulting in errors when information using year 2000 dates is processed. The effects of the year 2000 issue may be experienced before, on, or after January 1, 2000, and, if this issue is not addressed, the impact on operations and financial reporting may range from minor errors to significant systems failure which could affect the Government s ability to conduct normal business operations. The Government is currently working to resolve the potential effect of the year 2000 issue on its operations. Despite the Government s efforts to address this issue, it is not possible to be certain that all aspects of the year 2000 issue affecting the Government, including those related to the efforts of customers, suppliers, or other third parties, will be fully resolved. 24. Environmental liabilities The Government recognizes that there could be a liability for restoration of the environment on Commissioner s Land. The extent of the liability cannot be determined at this point in time, however, it is anticipated that such costs would include the clean up and restoration of oil storage facilities, construction sites, sewage treatment facilities and the removal of hazardous goods. In order to show the financial impact of these environmental costs, the amount of the liability and the timing of future expenditures should be recognized in the Government s financial statements. In some instances, the projected costs would be amortized over the life of the specific project, site or facility. However, the ultimate responsibility may rest with different levels of government and the private sector. A reasonable estimate of costs attributable to the Government cannot be fully determined at this time. The determination of these costs will be subject to, and depend on, evolving public policy, legislation and waste disposal methods. The Government will continue to work toward a reasonable determination and disclosure of environmental costs and liabilities in accordance with generally accepted accounting principles. 25. Related parties Related party transactions not disclosed elsewhere in the financial statements are as follows: Transfer payments Yukon Hospital Corporation $ 17,974 $ 18,668 Yukon College 12,035 11,945 Yukon Legal Services Society 931 856 Yukon Arts Centre Corporation 442 386 Yukon Human Rights Commission 243 243 $ 31,625 $ 32,098 26. Comparative figures Certain comparative figures for 1998 have been reclassified to conform with the 1999 presentation.
Consolidated Schedule of Revenues for the year ended Schedule A Main Estimates Actual Actual (Note 16) restated (Note 3) Grant from Canada (Note 12) $ 281,861 $ 349,678 $ 281,927 Taxes and general revenues Income taxes 49,913 42,429 52,919 Other taxes 15,483 15,209 14,784 Licences, permits and fees 5,353 4,947 5,523 Liquor taxes 2,178 2,223 2,290 Oil and gas royalties 500 2,089 1,088 Interest - bank and other 799 1,733 1,120 Aviation operations 669 702 636 Fleet Vehicle Agency - net income (loss) - 526 (323) Fines 512 436 511 Other revenues 118 138 139 Gain on sale of lots - 59 410 Queen's Printer Agency - net income - 32 - Property Management Agency - net income (loss) - (7) 153 75,525 70,516 79,250 Transfer payments from Canada Canada Health and Social Transfer 15,908 20,442 14,966 Established Programs Financing - 502 328 Other transfers from Canada (Health) - - 4,969 15,908 20,944 20,263 Investment income (loss) (Note 6(a)) Yukon Liquor Corporation 5,085 4,804 5,614 Yukon Development Corporation - 9,151 (2,122) 5,085 13,955 3,492 $ 378,379 $ 455,093 $ 384,932
Consolidated Schedule of Recoveries for the year ended Schedule B Operations and maintenance Main Estimates Actual Actual (Note 16) Health and Social Services $ 13,873 $ 13,250 $ 14,863 Yukon Housing Corporation 6,947 6,681 6,545 Executive Council Office 6,383 5,174 4,254 Community and Transportation Services 2,431 2,666 2,582 Justice 1,353 1,290 1,109 Education 1,386 1,233 1,391 Renewable Resources 815 936 795 Tourism 240 239 490 Government Services 206 218 173 Economic Development 20 23 27 Finance 21 19 6 Public Service Commission 45 13 5 Women's Directorate - - 1 Interest 2,682 2,186 2,008 Capital $ 36,402 $ 33,928 $ 34,249 Community and Transportation Services $ 8,725 $ 10,281 $ 14,102 Education - 1,056 2,681 Economic Development 961 680 762 Yukon Housing Corporation 11,945 267 171 Government Services 110 213 814 Executive Council Office 271 188 492 Health and Social Services - 121 4,031 Renewable Resources 24 39 108 Tourism - 15 18 Justice 13 - - $ 22,049 $ 12,860 $ 23,179
Consolidated Schedule of Expenditures for the year ended Schedule C Operations and maintenance 1999 Actual Main Transfer Total Estimates Personnel Payments Other Expenditures Actual (Note 16) (Note 13) Health and Social Services $ 108,443 $ 32,729 $ 40,346 $ 35,187 $ 108,262 $ 106,280 Education 81,083 53,092 15,990 12,039 81,121 81,093 Community and Transportation Services 62,661 20,432 18,944 21,450 60,826 60,687 Justice 29,781 13,887 2,147 15,015 31,049 29,366 Government Services 19,948 5,278 73 14,623 19,974 19,327 Renewable Resources 13,828 9,336 566 4,168 14,070 13,057 Executive Council Office 13,178 7,555 2,464 2,161 12,180 11,054 Public Service Commission 9,647 7,426-1,692 9,118 8,197 Tourism 8,889 2,994 1,579 4,187 8,760 8,690 Yukon Housing Corporation 9,091 3,340 506 4,495 8,341 7,924 Economic Development 4,698 3,056 354 2,899 6,309 4,674 Finance 1,684 2,990 602 475 4,067 3,213 Yukon Legislative Assembly 3,147 2,246-844 3,090 3,063 Women's Directorate 409 268 30 113 411 409 Office of the Ombudsman 207 156-62 218 191 Interest on Loans 3,773 - - 2,748 2,748 2,485 $ 370,467 $ 164,785 $ 83,601 $ 122,158 $ 370,544 $ 359,710
Consolidated Schedule of Expenditures for the year ended Schedule C Continued Capital 1999 Actual Main Transfer Total Estimates Personnel Payments Other Expenditures Actual (Note 16) (Note 13) Community and Transportation Services $ 23,823 $ 3,039 $ 6,894 $ 26,228 $ 36,161 $ 33,762 Yukon Development Corporation (Transfer Payment) - - 16,000-16,000 - Education 12,211 180 2,875 10,241 13,296 16,875 Economic Development 7,270 909 6,446 1,405 8,760 9,027 Government Services 5,170 1,699-4,742 6,441 5,842 Yukon Housing Corporation 13,895-19 4,351 4,370 2,061 Health and Social Services 3,154-338 3,017 3,355 7,673 Tourism 2,676 629 843 1,227 2,699 3,637 Renewable Resources 1,434 218 12 1,580 1,810 1,911 Justice 599 - - 625 625 383 Executive Council Office 296 - - 213 213 521 Public Service Commission 35 - - 47 47 66 Finance 21 - - 18 18 11 Yukon Legislative Assembly 5 - - 5 5 21 Office of the Ombudsman 5 - - 5 5 3 Women's Directorate 4 - - 4 4 - $ 70,598 $ 6,674 $ 33,427 $ 53,708 $ 93,809 $ 81,793