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Victoria College and Victoria College Preparatory Schools: Fee increases 2024 - 2025

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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A decision made 22 March 2024:

Decision Reference:  MD-TR-2024-220

Public

Subject: Victoria College and Victoria College Preparatory - request by governing body to increase fees for the academic year 2024/25

 

Report Title: Victoria College and Victoria College Preparatory - request by governing body to increase fees for the academic year 2024/25

Exempt (Article 33(b))

Decision(s):

The Minister approved the 8.0 per cent increase in school fees for Victoria College (VC) and Victoria College Preparatory (VCP) for the academic year 2024-25, in accordance with the requirements of the Public Finances Manual.

Reason for Decision(s):

To meet the requirements of the Public Finances Manual that increases above 2.5% require the explicit approval of the Minister for Treasury and Resources in order to comply with the Anti-Inflation Strategy. To meet the requirements of the Public Finances Manual that the Minister for Treasury and Resources approve the use of additional income generated from fees and charges.  Article 21 of the Public Finances (Jersey) Law relates to the power to allocate excess income. It states; (1) This Article applies if – (a) an approved government plan includes, under Article 9(8), the estimated income that will be earned by, or be attributable to, a States body or by an area of operation of a States body during the first financial year covered by the plan; and (b) income in excess of that estimate is earned by, or attributable to, the States body or area of operation during that financial year. (2) Despite the approved government plan, the Minister may direct that the excess income referred to in paragraph (1) (b) be allocated to a head of expenditure set out in the plan. (3) The amount subject to the Minister’s direction may be withdrawn from the Consolidated Fund and spent on that head of expenditure in the first financial year covered by the approved government plan, as if the amount had been appropriated for that head of expenditure.

Resource Implications: The fee increase for VC is forecast to result in additional income of £137,000 for financial year 2024 and £411,000 for financial year 2025. The fee increase for VCP is forecast to result in additional income of £53,000 for 2024 and £157,000 for 2025. Expenditure will increase by a matching amount.

 

Action Required: Minister’s Private Secretary to advise the Head of Finance Business Partnering (Children, Young People, Education and Skills) once this decision has been signed.

Signature:

 

 

Signed By: Minister for Treasury and Resources

Date Signed:

 

 

Date of Decision (If different from Date Signed):

 

 

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