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

Coin Hoard - Iron Age: Acquisition and Restoration: Budget Transfer from Central Contingency to Education, Sport and Culture

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A decision made 18 November 2013:

Decision reference: MD-TR-2013-0099

Decision Summary Title:

Central Contingency allocation to ESC to enable Jersey Heritage to acquire and restore the Coin Hoard

Date of Decision Summary:

4 November 2013

Decision Summary Author:

Head of Decision Support

Decision Summary:

Public or Exempt?

Public

Type of Report:

Oral or Written?

Written

Person Giving

Oral Report:

N/A

Written Report

Title:

Central Contingency allocation to ESC to enable Jersey Heritage to acquire and restore the Coin Hoard

Date of Written Report:

4 November 2013

Written Report Author:

Business Manager

Written Report :

Public or Exempt?

Public

Subject:  Central Contingency (one-off) funding allocation to Education, Sport and Culture (ESC) to enable Jersey Heritage to acquire and restore approximately 70,000 iron age silver and copper alloy coins and other precious metal objects (“the Coin Hoard”) discovered in Grouville in June 2012.

Decision(s): The Minister approved a budget transfer from Central Contingency (one-off) to the ESC revenue head of expenditure of £738,000 in 2013 to enable Jersey Heritage to acquire and restore the Coin Hoard.

Reason(s) for Decision:  Article 17(2) of the Public Finances (Jersey) Law 2005 states that the Minister for Treasury and Resources (T&R) is authorised to approve the transfer from contingency expenditure to heads of expenditure of amounts not exceeding, in total, the amount available for contingency expenditure in a financial year.

 

The Coin Hoard was discovered in Grouville in June 2012 and is regarded as important in heritage terms and of significance to Jersey internationally with joint exhibitions already planned with other jurisdictions. Such exhibitions would constitute a major public attraction for visitors and residents.

Resource Implications: The ESC revenue head of expenditure will increase by £738,000 in 2013 with Central Contingency (one-off) decreasing by an identical amount. This decision does not change the total amount of expenditure approved by the States for 2013.

Action required: Business Manager to inform the Financial Performance Reporting Manager and the Finance Manager, ESC that this decision has been approved.

Signature:

 

 

 

Position: Senator P F C Ozouf, Minister for Treasury and Resources

 

Date Signed:

Date of Decision:

 

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