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Capital Budget Transfers in preparation for GAAP compliance.

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

Ministers are individually accountable to the States Assembly, including for the actions of the departments and agencies which discharge their responsibilities.

The Freedom of Information Law (Jersey) Law 2011 is used as a guide when determining what information is be published. While there is a presumption toward publication to support of transparency and accountability, detailed information may not be published if, for example, it would constitute a breach of data protection, or disclosure would prejudice commercial interest.

A decision made (24/11/2008) regarding: Capital Budget transfers in preparation for GAAP compliance.

Decision Reference:  MD-TR-2008-0131

Decision Summary Title:

PROPERTY HOLDINGS CAPITAL PROJECTS - BUDGET TRANSFERS

Date of Decision Summary:

20th November 2008

Decision Summary Author:

R.Foster

Assistant Director - Finance & Strategy

Decision Summary:

Public or Exempt?

Public

Type of Report:

Oral or Written?

Written

Person Giving

Oral Report:

n/a

Written Report

Title:

PROPERTY HOLDINGS CAPITAL PROJECTS - BUDGET TRANSFERS

Date of Written Report:

20th November 2008

Written Report Author:

R.Foster

Assistant Director - Finance & Strategy

Written Report :

Public or Exempt?

Public

Subject: 

Capital Budget Transfers in preparation for GAAP compliance

Decision(s):

The Minister approved various budget transfers referred to in Table 1 of the attached report

Reason(s) for Decision:

The budget transfers are required to ensure capital budgets retained by Property Holdings comply with the requirements of GAAP under the terms of the Treasury’s Financial Reporting Manual.

Resource Implications: 

Other than those detailed in the report there are no further financial or manpower Implications.

Action required:

Treasury to action budget transfers as detailed in the report

Signature: 
 
 

Position: Senator T A Le Sueur, Minister for Treasury and Resources 

                 

Date Signed:   24th November 2008

Date of Decision: 24th November 2008

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