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Budget transfer from Central Planning Vote to St. Mary's School Refurbishment - Feasibility Study

A formal published “Ministerial Decision” is required as a record of the decision of a Minister (or an Assistant Minister where they have delegated authority) as they exercise their responsibilities and powers.

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A decision made 31 July 2017:

Decision Reference: MD-T-2017-0066

 

Decision Summary Title:

Creation of St Mary’s School Refurbishment Capital Head of Expenditure and transfer from the Central Planning Vote to the newly created capital head of expenditure to fund a feasibility study

Date of Decision Summary:

20 July 2017

Decision Summary Author:

Finance Manager - DfI

Decision Summary:

Public or Exempt?

Public

Type of Report:

Oral or Written?

Written

Person Giving

Oral Report:

N/a

Written Report Title:

Creation of St Mary’s School Refurbishment Capital Head of Expenditure and transfer from the Central Planning Vote to the newly created capital head of expenditure to fund a feasibility study

Date of Written Report:

20 July 2017

Written Report Author:

Finance Manager - DfI

Written Report :

Public or Exempt?

Public

Subject:  Creation of a new Capital Head of Expenditure entitled St Mary’s School Refurbishment and acceptance of a Central Planning Vote (CPV) allocation of £190,000 to St Mary’s School Refurbishment capital head of expenditure to fund a feasibility study on the proposed phase of the school improvement works.

Decision(s):  The Minister for Infrastructure requested that the Minister for Treasury and Resources approve the creation of a new Capital Head of Expenditure entitled St Mary’s School Refurbishment, and a budget transfer of £190,000 in 2017 from the Central Planning Vote to St Mary’s School Refurbishment to fund a feasibility study.

Reason(s) for Decision:  Funds are required to enable the feasibility study to proceed ahead of the anticipated main allocation of the budget in 2018, and it is estimated the study will cost a maximum of £190,000.              

Resource Implications:  As a result of this decision the newly created St Mary’s School Refurbishment capital head of expenditure will be allocated a feasibility budget of £190,000. The Central Planning Vote budget will decrease by an identical amount. This decision does not change the total amount of expenditure that would be approved by the States for the school refurbishment, and following approval by the States of capital funding the amount received for the feasibility study will be transferred back to the CPV in the year in which capital funds are allocated. If, however, the States should decide not to approve the capital project, then it would be the responsibility of the Education Department to repay the CPV from alternative sources of funding.

Action required:  The Finance Director to seek approval from the Minister for Treasury and Resources and then to action the budget transfer.  

Signature:

Position:

Minister for Infrastructure

Date Signed:  

 

Date of Decision:  

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