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Budget transfer relating to JD Edwards - States accounting system upgrade

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A decision made 21 January 2010 regarding: Budget transfer relating to JD Edwards - States accounting system upgrade.

Decision Reference: MD-TR-2010-0012

Decision Summary Title:

Budget Transfer – Treasury & Resources - JDE

Date of Decision Summary:

19 January 2010

Decision Summary Author:

Finance Director

Decision Summary:

Public or Exempt?

Public

Type of Report:

Oral or Written?

Written

Person Giving

Oral Report:

n/a

Written Report

Title:

Treasury & Resources Budget Transfer - JDE

Date of Written Report:

19 January 2010

Written Report Author:

Finance Director

Written Report :

Public or Exempt?

Public

Subject: 

Budget Transfer – Treasury & Resources – JD Edwards development and upgrade costs

Decision(s):

The Minister agreed the transfer of £267,305 from the Treasury & Resources JD Edwards capital vote to the Treasury and Resources 2009 Systems revenue budget on a non-recurring basis.

Reason(s) for Decision:

The Treasury undertook a review of the expenditure charged to Treasury & Resources capital projects in 2009 in order to ensure that these accounts were compliant with Generally Accepted Accounting Practices, (GAAP).  It was recognised that some of the expenditure was of a revenue nature and should be more appropriately recognised in the revenue accounts.

Resource Implications: No additional resources – transfer between capital and revenue budgets.

Action required: Treasury and Resources Finance Director to action budget transfers.

Signature: 
 

Position: Deputy E. J. Noel, Assistant Minister for Treasury and Resources

                   

Date Signed:

Date of Decision:

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