Operating Budget – 2018-2019 Fiscal Year Revenue and Expenditures
The AGCO receives its annual budget from the Ministry of the Attorney General’s Printed Estimates, as approved by the Legislature. The AGCO’s budget is made up of 30 percent base funding from government and recovers most of its regulatory costs, 70 percent, directly from the industries it regulates.
AGCO’s mandate expanded in 2018-19, to include the regulation of private cannabis retail.
TABLE 27 – 2018-19 Fiscal Year Revenues and Expenditures
|
Revenues |
2017-18 |
2018-19 |
Increase |
|---|---|---|---|
|
Fees and Levies* |
$27,574,499 |
$31,430,776 |
$3,856,277 |
|
Total |
$27,574,499 |
$31,430,776 |
$3,856,277 |
|
Expenditures Salaries and Benefits Other Direct Operating Expenses |
$71,761,413 $13,711,393 |
$70,289,183 $12,841,017 |
($1,472,230) ($870,376) |
|
Total Program Expenditures |
$85,472,806 |
$83,130,200 |
($2,342,606) |
|
Less Recoveries |
($54,900,396) |
($49,927,865) |
($4,972,531) |
|
Total |
$30,572,410 |
$33,202,335 |
$2,629,925 |
*The increase in Fees and Levies relate to an increase to Special Occasion Permit (SOP) fees in 2018 and the Expression of Interest fee charged to applicants entering the lottery for the legalization of Cannabis.
Overall savings in expenditures are due to total number of vacancies and overall reduction in discretionary spending.