Transfer of Funds: 2012 Carry Forward to Central Reserves

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A decision made on 3 December 2012:

Decision Reference: MD-S-2012-0107
Decision Summary Title :	Transfer of Social Security Department 2012 Carry Forward to States Central Reserves		Date of Decision Summary:	30 November 2012
Decision Summary Author:	Director of Finance and Governance		Decision Summary: Public or Exempt?	Public
Type of Report: Oral or Written?	Written		Person Giving Oral Report:	N/A
Written Report Title :	Transfer of Social Security Department 2012 Carry Forward to States Central Reserves		Date of Written Report:	30 November 2012
Written Report Author:	Director of Finance and Governance		Written Report : Public or Exempt?	Public
Subject: : Transfer of 2011 unspent carry forward from the Social Security Department (SSD) to Central Reserves
Decision(s): The Minister approved a non-recurring budget transfer in 2012 of £5,200,000 from the SSD revenue head of expenditure to Central Reserves
Reason(s) for Decision: Article 2(6) of the Public Finance (transitional Arrangements) (Jersey) Order 2011 states that all or any of the amount appropriated by a head of expenditure may, with the approval of the Minister for Treasury and Resources, be used for the purposes of another head of expenditure.
Resource Implications: The SSD revenue head of expenditure to decrease by £5,200,000 and Central Reserves to increase by an identical amount in 2012.
Action required: The SSD Director of Finance and Governance to notify the Head of Financial Control and Accounting, Treasury and the SSD Finance Manager that this decision has been approved.
Signature:		Position: Minister
Date Signed:		Date of Decision (If different from Date Signed):