Jersey Harbours: Capital Budget Transfer to Revenue Expenditure

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A decision made on 30 March 2010 to approve the transfer of funds from Jersey Harbours capital budget to Jersey Harbours revenue budget

Decision Reference: MD-E-2010-0056
Decision Summary Title :	DS - Jersey Harbours – Capital Budget Transfer to Revenue Expenditure		Date of Decision Summary:	22.03.2010
Decision Summary Author Title:	Finance & Business Resources Director		Decision Summary: Public or Exempt? (State clauses from Code of Practice booklet)	Public
Type of Report: Oral or Written?	Written		Person Giving Oral Report:	N/A
Written Report Title :	WR - Capital Budget Transfers to Revenue Expenditure		Date of Written Report:	22.03.2010
Written Report Author Title:	Finance & Business Resources Director		Written Report : Public or Exempt? (State clauses from Code of Practice booklet)	Public
Subject: 2010 Budget Transfers from Capital Heads of Expenditure to Revenue Expenditure.
Decision(s): The Assistant Minister approved the transfer of £400,000 from the Jersey Harbours capital budget to the Jersey Harbours revenue budget.
Reason(s) for Decision: The States of Jersey previously approved 2010 capital heads of expenditure in the 2010 Business Plan. This included XY1007 Minor Remediation Projects Civil. This work has subsequently been reclassified as Revenue expenditure, in accordance with GAAP accounting principles.
Resource Implications: N/A
Action required: For the Finance Director to seek the Treasurer of the States approval for the transfer. Once approval is obtained, the Finance Director to action budget transfers.
Signature:		Position: Assistant Minister – Economic Development
Date Signed:		Date of Decision (If different from Date Signed):