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La Collette Fuel Farm - transfer of responsibilities from Economic Development to Transport and Technical Services Department

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.

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A decision made 25 June 2010 regarding: La Collette Fuel Farm - transfer of responsibilities from Economic Development to Transport and Technical Services Department.

Decision Reference: MD-T-2010-0060

Decision Summary Title:

Transfer of La Collette Fuel Farm responsibilities

Date of Decision Summary:

21st June 2010

Decision Summary Author:

Senior Management Accountant – SH Finance

Decision Summary:

Public or Exempt?

Public

Type of Report:

Oral or Written?

Written

Person Giving

Oral Report:

N/a

Written Report

Title:

Transfer of  
La Collette Fuel Farm responsibilities

Date of Written Report:

21st June 2010

Written Report Author:

Senior Management Accountant – SH Finance

Written Report :

Public or Exempt?

Public

Subject:  Transfer of La Collette fuel farm responsibilities from the Economic Development Department to the Transport &Technical Services Department

Decision(s):  The Minister for Transport and Technical Services approved the following budget transfers: 

Revenue to Revenue Budget Transfers

§     The recurring transfer of £100,000 expenditure budget from the Economic Development Department to Transport and Technical Services Department;

§     The recurring transfer of the depreciation budget £78,820 in 2010.

 

Revenue to Capital Budget Transfer

§     The non-recurring transfer of £255,000 sinking fund from the Economic Development Department to the Transport and Technical Services Department.

 

Transfer of Assets

§     The transfer of the fire pump assets from the Economic Development Department to Transport and Technical Services Department.

 

These transfers are to take effect from the 1st January 2010.

Reason(s) for Decision: Under Financial Direction 3.6 “Variations of Heads of Expenditure” all transfers between revenue heads of expenditure above £100,000 require the approval of the Minister for Treasury and Resources.

Resource Implications: None.

Action required: The Acting Finance Director to seek approval from the Minister for Treasury and Resources of the forthcoming transfer in accordance with Financial Direction 3.6 – Variations to Heads of Expenditure. 

The 2010 Transfers to be actioned by TTS Acting Finance Director 

The 2011 transfer will be implemented as part of the 2011 Business Planning Process.

Signature: 
 
 

Position:  

                 

Date Signed:

Date of Decision:

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