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

Budget Transfer to Jersey Property Holdings (The Academy Restaurant Kitchens, Highlands College)

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A decision made on 2 December 2011:

Decision Reference:  MD-ESC-2011-0037

Decision Summary Title:

Budget Transfer from ESC Revenue to T&R (Jersey Property Holdings) Capital Heads of Expenditure for The Academy Restaurant kitchens at Highlands College

Date of Decision Summary:

17 November 2011

Decision Summary Author:

Subina Shami, Head of Finance

Decision Summary:

Public or Exempt?

Public

Type of Report:

Oral or Written?

Written

Person Giving

Oral Report:

N/A

Written Report

Title:

Budget Transfer from ESC Revenue to T&R (Jersey Property Holdings) Capital Heads of Expenditure for The Academy Restaurant kitchens at Highlands College

Date of Written Report:

17 November 2011

Written Report Author:

Subina Shami, Head of Finance

Written Report :

Public or Exempt?

Public

Subject:  Budget transfer from the Education Sport and Culture (ESC) revenue head of expenditure to a new Treasury and Resources (T&R) (Jersey Property Holdings (JPH)) capital head of expenditure

 

Decision(s): The Minister for Education, Sport and Culture approved the transfer of Education Sport and Culture (ESC) Revenue funds amounting to £100,000 to a new Resources (T&R) (Jersey Property Holdings (JPH)) Capital head of expenditure in order to meet GAAP requirements for minor works.

 

The Academy Restaurant kitchens at Highlands College to comply with Health and Safety Regulations.

 

Reason(s) for Decision:  The funds for the minor works to The Academy Restaurant kitchens, which are currently included in revenue budgets, are required to be transferred to capital to comply with GAAP requirements.

Resource Implications: There are no other financial or manpower resource implications.

 

Action required: For officers of the Department to request the approval of the Treasurer of the States to the transfer in accordance with Financial Direction 3.6.

 

Signature:

 

 

 

 

Position:

Minister for Education, Sport and Culture

                 

 

Date Signed: 02.12.11

Date of Decision:  02.12.11

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