Economic Stimulus Plan: Budget Allocation for Jersey Opera House Refurbishment Project

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A decision made regarding a budget allocation from the Economic Stimulus Plan in respect of a refurbishment project for Jersey Opera House

Decision Reference: MD-TR-2010-0118
Decision Summary Title:	Fiscal Stimulus – Allocation to Department for Education, Sport and Culture – grant to Jersey Opera House		Date of Decision Summary:	22nd July 2010
Decision Summary Author:	Interim 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:	Fiscal Stimulus Funding to the Department for Education, Sport and Culture in respect of a grant award to Jersey Opera House		Date of Written Report:	22nd July 2010
Written Report Author:	Acting Fiscal Stimulus Programme Manager		Written Report : Public or Exempt?	Public
Subject: Economic Stimulus Plan: budget allocation to the Department for Education, Sport and Culture in relation to a grant for Jersey Opera in respect of a refurbishment project.
Decision(s): The Minister approved the allocation of £112,000 to the Department for Education, Sport and Culture (“ESC”), in respect of a grant to be awarded to Jersey Opera House to be transferred to the department’s budget in 2010. The Minister further instructed the Chief Officer of ESC 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 grant monies without limit in time.
Reason(s) for Decision: A discretionary fiscal stimulus allocation from the Stabilisation Fund of £44m has already been approved. The approved funding of £112,000 to ESC will enable grant payments to be made to Jersey Opera House in accordance with the critical path for delivering this stimulus project on a timely basis.
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 Department for Education, Sport and Culture’s budget.
Signature:		Position: Senator P F C Ozouf, Minister for Treasury and Resources
Date Signed:		Date of Decision: