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Budget Transfer: Central planning vote to fund feasibility study into new public recycling centre

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A decision made 8 February 2013:

Decision Reference:    MD-T-2013-0013

 

Decision Summary Title :

Capital Transfer from Central Planning Vote to TTS – Recycling Centre Feasibility Study

Date of Decision Summary:

01 February 2013

 

Decision Summary Author:

 

Capital Accountant

Decision Summary:

Public or Exempt?

Public

Type of Report:

Oral or Written?

Written

Person Giving

Oral Report:

N/A

Written Report

Title :

Capital Transfer from Central Planning Vote to TTS – Recycling Centre Feasibility Study

Date of Written Report:

01 February 2013

Written Report Author:

Capital Accountant 

Written Report :

Public or Exempt?

Public

Subject: Temporary Budget Transfer from Central Planning Vote to fund the feasibility study into the New Public Recycling Centre Head of Expenditure.

 

Decision(s): The Minister approved the creation of a new head of expenditure entitled “New Public Recycling Centre Feasibility Study” and a budget transfer of £200,000 from the Central Planning Vote to this newly created Head of Expenditure. The Department will transfer the £200,000 back to the Central Planning Vote when it receives its MTFP allocation of £2,050,000 for the project in 2014. Should the allocation for the New Public Recycling Centre not be approved as part of the 2014 Annual Budget debate, the funds will be sourced elsewhere from within the TTS capital budget and repaid to the Central Planning Vote in 2014. 

 

Reason(s) for Decision: To enable the New Public Recycling Centre feasibility assessment to commence in 2013 in order to allow the project to begin design and construction in 2014.

 

Resource Implications: Other than those detailed in the report there are no further financial or manpower implications.

 

Action required: The Finance Director to seek approval from the Minister for Treasury and Resources and then to action the budget transfers in conjunction with the Head of Financial Performance Reporting.

 

Signature:

 

 

Position:

 

Date Signed:

 

 

Date of Decision (If different from Date Signed):

 

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