Economic Stimulus Plan: Budget allocation to Education, Sport and Culture in relation to a grant for Beaulieu School renovation project

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A decision made 23 August 2010 regarding: Economic Stimulus Plan: Budget allocation to Education, Sport and Culture in relation to a grant for Beaulieu School renovation project.

Decision Reference: MD-TR-2010-0123
Decision Summary Title:	Discretionary Fiscal Stimulus – Allocation to Department for Education, Sport and Culture – grant to Jersey Beaulieu School		Date of Decision Summary:	19th August 2010
Decision Summary Author:	Interim Treasurer of the States		Decision Summary: Public or Exempt?	Public
Type of Report: Oral or Written?	Written		Person Giving Oral Report:	N/A
Written Report Title:	Discretionary Fiscal Stimulus Funding to the Department for Education, Sport and Culture in respect of a grant award to Beaulieu School		Date of Written Report:	19th August 2010
Written Report Author:	Acting Fiscal Stimulus Programme Manager		Written Report : Public or Exempt?	Public
Subject: Economic Stimulus Plan: budget allocation to the Department for Education, Sport and Culture in relation to a grant for Beaulieu School in respect of a renovation project.
Decision(s): The Minister approved the allocation of £67,500 to the Department for Education, Sport and Culture (“ESC”), in respect of a grant to be awarded to Beaulieu School to be transferred to the department’s budget in 2010. The Minister further instructed the Chief Officer of ESC to report on spend of all stimulus monies, and project progress/performance on a monthly basis in accordance with guidelines set by the Treasury and return any unspent grant monies without limit in time.
Reason(s) for Decision: A discretionary fiscal stimulus allocation from the Stabilisation Fund of £44m has already been approved. The approved funding of £67,500 to ESC will enable grant payments to be made to Beaulieu School, which together with the funding raised by the school, will enable the project to proceed to tender in accordance with the critical path for delivering this stimulus project on a timely basis.
Resource Implications: No financial resource implications other than those explained above and in the accompanying report. No manpower resource implications.
Action required: Head of Financial Performance to be informed of decision to release necessary funds to the Department for Education, Sport and Culture’s budget. Chief Officer, ESC requested to consider conditionality of funding before full allocation is progressed.
Signature:		Position: Senator P F C Ozouf, Minister for Treasury and Resources
Date Signed:		Date of Decision: