Decision Reference: MD-TR-2017-0068 |
Decision Summary Title: | 2016 Year End Carry Forwards | Date of Decision Summary: | 22nd May 2017 |
Decision Summary Author: | Head of Decision Support | Decision Summary: Public or Exempt? | Public |
Type of Report: Oral or Written? | Written | Person Giving Oral Report: | |
Written Report Title: | 2016 Year End Carry Forwards | Date of Written Report: | 22nd May 2017 |
Written Report Author: | Head of Decision Support | Written Report : Public or Exempt? | Public |
Subject: 2016 Year End Carry Forwards |
Decision(s): The Minister approved the request to : - transfer £12 million into reserves and contingencies;
- roll forward additional funding previously provided to departments of £7.4 million;
- utilise departmental underspends to fund a non-consolidated pay award of £3.2 million and provide £5 million to replace the HIF funding shortfall
- agree additional requests for the use of department carry forwards of £6.9 million to provide funding for spending pressures in 2017;
- carry forward unused central contingencies to provide additional flexibility over the remainder of the MTFP period.
|
Reason(s) for Decision: Under Article 18 of the Public Finances (Jersey) Law 2005 the Minister for Treasury and Resources can permit all or any part of the amount appropriated by a head of expenditure to: - 18(1A) - be transferred from the head of expenditure to contingency expenditure, within or after the end of the relevant financial year.
- 18(3A) - in the case of revenue expenditure, be withdrawn from the Consolidated Fund after the end of the relevant financial year.
|
Resource Implications: Other than those detailed in the report there are no further financial or manpower implications |
Action required: Head of Decision Support to advise the Head of Financial Performance once this decision has been approved. |
Signature: | Position: Senator A J H Maclean, Minister for Treasury and Resources |
Date Signed: | Date of Decision: |
gov.je