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Budget transfer relating to Jersey Harbours loan

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.

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  • 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

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A decision made 1 September 2010 regarding: Budget transfer relating to Jersey Harbours loan.

Decision Reference:  MD-TR-2010-0131

Decision Summary Title:

Transfer Between TTS Revenue and Capital Heads of Expenditure for 2010 Jersey Harbours Repayment

Date of Decision Summary:

25/08/2010

Decision Summary Author:

Decision Support Officer

Decision Summary:

Public or Exempt?

Public

Type of Report:

Oral or Written?

Written

Person Giving

Oral Report:

N/A

Written Report

Title:

Transfer Between TTS Revenue and Capital Heads of Expenditure for 2010 Jersey Harbours Repayment

Date of Written Report:

25/08/2010

Written Report Author:

Decision Support Officer

Written Report :

Public or Exempt?

Public

Subject:

Internal budget transfer between revenue and capital heads of expenditure amounting to £450,000 for the 2010 repayment of the Jersey Harbours temporary loan.

Decision(s):

The Minister approved a budget transfer of £450,000 from TTS revenue to capital heads of expenditure for the 2010 repayment of the Jersey Harbours temporary loan.

Reason(s) for Decision:

Under Financial Direction 3.6 and the Public Finance (Jersey) Law 2005, the approval of the Minister for Treasury and Resources is required for any variations to heads of expenditure above £100,000.

Resource Implications:

The department’s capital budget to increase by £450,000 and reduce the value of revenue cash limits by an equivalent amount.  This does not change the total amount of expenditure approved by the States.

Action required:

Finance Manager, Decision Support to inform the Head of Financial Performance that the transfer has been approved.

Signature: 
 
 

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

Date Signed:

Date of Decision:

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