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General Reserve Funding: 'First Step' Assisted Home Ownership Scheme 2024

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.

An accurate record of “Ministerial Decisions” is vital to effective governance, including:

  • demonstrating that good governance, and clear lines of accountability and authority, are in place around decisions-making – including the reasons and basis on which a decision is made, and the action required to implement a decision

  • providing a record of decisions and actions that will be available for examination by States Members, and Panels and Committees of the States Assembly; the public, organisations, and the media; and as a historical record and point of reference for the conduct of public affairs

Ministers are individually accountable to the States Assembly, including for the actions of the departments and agencies which discharge their responsibilities.

The Freedom of Information Law (Jersey) Law 2011 is used as a guide when determining what information is be published. While there is a presumption toward publication to support of transparency and accountability, detailed information may not be published if, for example, it would constitute a breach of data protection, or disclosure would prejudice commercial interest.

A decision made 28 March 2024:

Decision Reference:  MD-TR-2024-241

Public

Subject: Allocation of reserve funding for ‘first step’ assisted home ownership scheme in 2024

 

Report Title: WR - Allocation of reserve funding for ‘first step’ assisted home ownership scheme in 2024

Public

Decision(s):

The Minister decided to approve the allocation of up to £10,000,000 in 2024, from the General Reserve to the Cabinet Office Head of Expenditure, for the purposes of the “First Step” assisted home ownership scheme.

Reason for Decision(s):

Article 15(3) of the Public Finances (Jersey) Law 2019 states that the approval by the States of a Government Plan authorises the Minister to direct how an approved appropriation for a reserve head of expenditure in the plan may be spent (including on another head of expenditure) in the first financial year covered by the plan.  The current Procedures for Allocations from the Reserve, presented to the States Assembly as R.76/2022, sets out the requirements for allocations from the General Reserve and the Reserve for Central Risk and Inflation Funding. These requirements have been met and the Treasurer now recommends these allocations to the Minister for approval.

Resource Implications: The General Reserve Head of Expenditure will decrease by up to £10,000,000, and the Cabinet Office Head of Expenditure will increase by up to £10,000,000.   This decision does not change the total amount of expenditure approved by the States in the Government Plan 2024-27.

 

Action Required: The Minister’s Private Secretary to advise the Specialist Cost Benefit Analysis – Strategic Finance and the Heads of Finance Business Partnering for the associated Heads of Expenditure that this decision is approved.

Signature:

 

 

Signed By: Minister for Treasury and Resources

Date Signed:

 

 

Date of Decision (If different from Date Signed):

 

 

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