Delegation of Budget Transfers from Ministerial Level.

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A decision made (05/10/2006) regarding Delegation of authorisation of budget transfers from ministerial level.

Subject:	Delegation of authorisation of budget transfers from ministerial level.
Decision Reference:	MD-E-2006-0174	Exempt clause(s):		N/A
Type of Report: (oral or written)	Written	Person Giving Report (if oral):		n/a
Telephone or e-mail Meeting?	n/a	Report File ref:		SS/03/10/06
Written Report – Title	Delegation of Authorisation of EDD Budget Transfers	Written report - author		Subina Shami (Finance Manager - Advisory Unit)
Decision(s): To approve the delegation of authorisation of budget transfers to and from the Economic Development Department’s budget.
Reason(s) for decision: Approval of the proposal will result in a reduction of administrative burden for the Economic Development Department and produce efficiencies in the budget transfer process.
Action required: Minister to approve request.
Signature: Senator Philip Ozouf Minister for Economic Development			Date of Decision: 5 October 2006

Delegation of Budget Transfers from Ministerial Level.

Date: 03 October 2006

DELEGATION OF AUTHORISATION OF BUDGET TRANSFERS

Purpose of the report

The Minister is requested to approve the delegation of approval of budget transfers to and from the Economic Development Department’s budget.

Background

The Public Finances (Jersey) Law 2005 requires that budget transfers from one Ministry to another Ministry are approved by the respective Ministers.

In order to avoid undue burden on the Minister through the Ministerial Decision process it is requested that the approval of non contentious transfers under £200,000 are delegated to the Chief Officer or Deputy Chief Officer.

Treasury permission has been granted in principle for this delegation. All transfers will require the approval of the Department’s Finance Director prior to Chief Officer approval.

RECOMMENDATIONS

The Minister is recommended to approve the delegation of all budget transfers under £200,000, both to and from the Economic Development Department.

REASONS FOR THE DECISION

Approval of the delegation will reduce the administrative burden for the Minister and produce efficiencies in the budget transfer process.