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L'înformâtion et les sèrvices publyis pouor I'Île dé Jèrri

Budget transfers between capital and revenue heads of expenditure

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.

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  • 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

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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While there is a presumption toward publication to support of transparency and accountability, detailed information may not be published if, for example, it would constitute a breach of data protection, or disclosure would prejudice commercial interest.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 on 9 December 2009 to approve budget transfers between capital and revenue heads of expenditure

Decision Reference:   MD-PE-2009-0194

Decision Summary Title :

Planning and Environment Department – Capital/Revenue Budget Transfers

Date of Decision Summary:

01/12/09

Decision Summary Author:

Senior Management Accountant

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 :

Capital/Revenue Budget Transfers

Date of Written Report:

01/12/09

Written Report Author:

Senior Management Accountant

Written Report :

Public or Exempt?

(State clauses from Code of Practice booklet)

Public

Subject:

2009 Budget transfers between Capital and Revenue Heads of Expenditure as a result of moving to GAAP accounting

Decision(s):

The Minister approved 2009 budget transfers between capital and revenue, representing a net budget transfer of £34,000 from capital to revenue, as detailed in the attached report.

Reason(s) for Decision:

The States of Jersey is implementing Generally Accepted Accounting Principles (GAAP) in 2009. GAAP accounting requires that only expenditure meeting the GAAP definition of capital expenditure should be treated as such.  All other expenditure must be accounted for as revenue. These budget transfers are the movements in budgets between capital and revenue required to align the budgeting treatment of expenditure with the GAAP accounting treatment. This does not change the total amount of expenditure approved by the States.

Resource Implications:

N/A

Action required:

For the Finance Director to seek the Minister for Treasury and Resources approval for the transfer. Once approval is obtained, the Finance Director to action budget transfers.

Signature:

Position:

Date Signed: 

Date of Decision (If different from Date Signed): 

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