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Budget transfers for Energy from Waste capital project contingency funding

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.

Ministers are elected by the States Assembly and have legal responsibilities and powers as “corporation sole” under the States of Jersey Law 2005 by virtue of their office and in their areas of responsibility, including entering into agreements, and under any legislation conferring on them powers.

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A decision made 22 December 2010 regarding: Budget transfers for Energy from Waste capital project contingency funding.

Decision Reference:  MD-TR-2010-0176

Decision Summary Title:

Transport and Technical Services – Budget Transfers for Energy from Waste capital project contingency funding

Date of Decision Summary:

21st December 2010

Decision Summary Author:

Head of Decision Support

Decision Summary:

Public or Exempt?

Public

Type of Report:

Oral or Written?

Written

Person Giving

Oral Report:

N/A

Written Report

Title:

Transport and Technical Services – Budget Transfers for Energy from Waste capital project contingency funding

Date of Written Report:

23rd November 2010

Written Report Author:

Decision Support Officer

Written Report :

Public or Exempt?

Exempt 3.2.1(a)(x)

Subject: Transport and Technical Services (TTS) – Budget Transfers for Energy from Waste (EfW) capital project contingency funding.

Decision(s): The Minister for Treasury and Resources approved a transfer of £10,779,051 from funds held for the EfW project in the central Capital Reserve to the TTS EfW capital head of expenditure.

The Minister also approved transfers of £740,000 from the TTS Infrastructure Contingency capital head of expenditure and £160,000 from the TTS La Collette Roads and Services capital head of expenditure to the TTS EfW Contingency capital head of expenditure.

Reason(s) for Decision: Article 15(1)(a) of the Public Finances (Jersey) Law 2005 states that all or any part of the amount appropriated by a head of expenditure may, with the approval of the Minister for Treasury and Resources, be used for the purposes of another head of expenditure.

Resource Implications: The balance of the Treasury Capital Risk Reserve to decrease by £10,779,051; the TTS Infrastructure Contingency capital budget to decrease by £740,000 and the TTS La Collette Roads and Services capital budget to decrease by £160,000.  The TTS EfW Contingency capital budget to increase by £11,679,051.  There will be no increase to States net expenditure as a result of this decision.

Action required: Head of Decision Support to inform the Head of Financial Performance Reporting and the Acting Finance Director for TTS that the transfers have been approved.

Signature:

 

 

 

 

Position: Senator P F C Ozouf, Minister for Treasury and Resources

 

 

Date Signed:

Date of Decision:

 

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