Fiscal Stimulus: budget allocation to Housing Department for Les Chinq Chenes door replacements, and Brighton Close window replacements

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A decision made 19 February 2010 regarding: Fiscal Stimulus: budget allocation to Housing Department for Les Chinq Chenes door replacements, and Brighton Close window replacements.

Decision Reference: MD-TR-2010-0030
Decision Summary Title:	Fiscal Stimulus Budget Allocation – Housing Department		Date of Decision Summary:	10th February 2010
Decision Summary Author:	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:	Allocation of fiscal stimulus funding for 2 Backlog Maintenance Projects - Les Cinq Chenes doors and Brighton close windows		Date of Written Report:	10th February 2010
Written Report Author:	Acting Fiscal Stimulus Programme Manager		Written Report : Public or Exempt?	Public
Subject: Economic Stimulus Plan: budget allocation to the Housing department for the delivery of two projects – door replacement at Les Cinq Chenes and window replacement at Brighton Close.
Decision(s): The Minister approved the allocation of £210,229 to the department for the two projects, which will be transferred to the department budget as soon as possible. This will enable the contracts to be let to the contractors which submitted the preferred tender on the respective projects. He further instructed the Construction and Maintenance project group 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 monies on completion of the project.
Reason(s) for Decision: A discretionary fiscal stimulus allocation from the Stabilisation Fund of £44m has already been approved. The project meets the key criteria for fiscal stimulus being timely, targeted and temporary and will benefit local business and individuals. The £210,229 allocation to the project will enable the Construction and Maintenance project group to let the contract and deliver the schemes in accordance with the critical path.
Resource Implications: No financial resource implications other than those explained above and in the accompanying report. No manpower resource implications.
Action required: Treasury to be informed of decision to release necessary funds to the Housing department’s budget.
Signature:		Position: Senator P F C Ozouf, Minister for Treasury and Resources
Date Signed:		Date of Decision: