Transfer of building projects between Health and Social Services to Property Holdings

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A decision made 22 January 2010 regarding: Transfer of building projects between Health and Social Services to Property Holdings.

Decision Reference: MD-HSS-2010-0012
Decision Summary Title :	Transfer of Building Projects		Date of Decision Summary:	19th January 2010
Decision Summary Author:	Director of Finance & Information Services		Decision Summary: Public or Exempt? (State clauses from Code of Practice booklet)	Public
Type of Report: Oral or Written?	Written		Person Giving Oral Report:	N/A
Written Report Title :	Transfer of Building Projects		Date of Written Report:	19th January 2010
Written Report Author:	Director of Finance & Information Services		Written Report : Public or Exempt? (State clauses from Code of Practice booklet)	Public
Subject: Transfer of capital projects to Jersey Property Holdings
Decision(s): The Minister approved the transfer of capital budgets and equivalent expenditure of £2,512,171 from Health and Social Services to Jersey Property Holdings. The transfer is for the capital costs associated with the General Hospital Ward Upgrade (£1,109,601) and the Radiology element of the Accident & Emergency and Radiology extensions (£1,402,570), and replaces MD-HSS-2010-0003 which excluded capitalisation of retention amounts on the expenditure to date of the General Hospital Ward Upgrade.
Reason(s) for Decision: The transfer of these projects is necessary to enable the capitalisation of the expenditure on improving the facilities of the General Hospital in accordance with the requirements of the Jersey Capital Accounting Manual.
Resource Implications: The transfer and capitalisation of these projects will increase the recorded value of the property held by the States of Jersey and the overall asset base of the States. The additional asset values will result in an increased charge to depreciation in the accounts of Jersey Property Holdings.
Action required: Request the Minister for Treasury & Resources to transfer the budget and equivalent expenditure for the Ward Upgrade (JZ0078) £1,109,601 to Jersey Property Holdings. Request the Minister for Treasury & Resources to transfer the budget for the Radiology extension £1,402,570 and equivalent expenditure (JZ0063) to Jersey Property Holdings.
Signature:		Position: Minister for Health and Social Services
Date Signed:		Date of Decision (If different from Date Signed):