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Fiscal Stimulus Plan: Treatment of completed project underspends

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

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A decision made 27 September 2010 regarding: Fiscal Stimulus Plan: Treatment of completed project underspends.

Decision Reference:  MD-TR-2010-0140

Decision Summary Title:

Fiscal Stimulus – treatment of completed project under spends

Date of Decision Summary:

22nd September 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:

Treatment of under spends on completed fiscal stimulus projects 

Date of Written Report:

22nd September 2010

Written Report Author:

Acting Fiscal Stimulus Programme Manager

Written Report :

Public or Exempt?

Public

Subject:

Economic Stimulus Plan: completed project under spends.

Decision(s):

The Minister decided that any unspent funds on completion of any fiscal stimulus project awarded funding under his authority from the States following P55/2009 will be returned to the fiscal stimulus allocation with the funds to be retained within the fiscal stimulus funding allocation currently managed as a specific head of expenditure in the Consolidated Fund.  

Reason(s) for Decision:

Certain ministerial decisions awarding funding at an early stage of the fiscal stimulus programme did not explicitly state that any unspent funds on completion would be returned, although this was intended from the outset and communicated to bidding departments. This decision formalises the requirement for all under spends to be returned, for the avoidance of any doubt, and more importantly to eliminate the requirement for individual ministerial decisions in respect of each project as they complete which would be unnecessary and inefficient. 

Resource Implications:

No financial resource implications. Decision relates only to process surrounding funding decisions already made.

No manpower resource implications. 

Action required:

Treasury to be informed of decision that all under spends on completed fiscal stimulus projects to be returned to the fiscal stimulus allocation, without individual ministerial decision being required in any case.

Signature: 
 
 

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

                 

Date Signed:

Date of Decision:

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