Budget transfer from Fisheries Vessel Mid-Year Refit Capital Head of Expenditure to Central Contingencies

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A decision made 26 July 2017:

Decision Reference: MD-PE-2017-0068
Decision Summary Title:	Transfer of unspent capital budget to Central Contingencies		Date of Decision Summary:	20 July 2017
Decision Summary Author:	Finance Manager – Department of the Environment		Decision Summary: Public or Exempt?	Public
Type of Report: Oral or Written?	Written		Person Giving Oral Report:	n/a
Written Report Title:	Transfer of unspent capital budgets to Central Contingencies and a return to the Consolidated Fund		Date of Written Report:	20 July 2017
Written Report Author:	Finance Manager – Department of the Environment		Written Report : Public or Exempt?	Public
Subject: A non-recurring budget transfer of £6,507 from the Fisheries Vessel Mid Year Refit Capital Head of expenditure (I0000C0974), to Central Contingencies.
Decision(s): The Minister approved a non-recurring transfer of £6,507 from the Fisheries Vessel Mid Year Refit Capital Head of Expenditure (I0000C0974) to Central Contingencies.
Reason(s) for Decision: Article 18(1A) 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 transferred from the head of expenditure to contingency expenditure, within or after the end of the relevant financial year. Article 18(2)(c) of the Public Finances (Jersey) Law 2005 states that a transfer described in paragraph (1A) must also be approved by the Minister responsible to the States for the administration of the relevant States funded body.
Resource Implications: The Fisheries Vessel Mid Year Refit Capital Head of expenditure (I0000C0974) decreasing by £6,507 and Central Contingencies increasing by £6,507. This decision does not change the total amount of expenditure approved by the States for 2017 in the Medium Term Financial Plan.
Action required: The Department of the Environment Finance Manager to let Treasury and Resources Business Support team know that the decision has been signed.
Signature: Deputy Steve Luce		Position: Minister for the Environment
Date Signed:		Date of Decision (If different from Date Signed):