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Information and public services for the Island of Jersey

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

Increased Insurance Premiums in 2020: Allocation from General Reserve

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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The Freedom of Information Law (Jersey) Law 2011 is used as a guide when determining what information is be published. While there is a presumption toward publication to support of transparency and accountability, detailed information may not be published if, for example, it would constitute a breach of data protection, or disclosure would prejudice commercial interest.

A decision made on 25 September 2020

Decision Reference:  MD-TR-2020-0120

Decision Summary Title:

Allocation from General Reserve for increased insurance premiums in 2020

Date of Decision Summary:

23rd September 2020

Decision Summary Author:

Specialist – Business Cases

Decision Summary:

Public or Exempt?

Public

 

Type of Report:

Oral or Written?

Written

Person Giving

Oral Report:

N/A

Written Report

Title:

Allocation from General Reserve for increased insurance premiums in 2020

Date of Written Report:

23rd September 2020

Written Report Author:

Specialist – Business Cases

Written Report:

Public or Exempt?

Public

Subject:

Allocation of up to £2,194,000 in 2020 from the General Reserve to the Treasury and Exchequer (T&E) head of expenditure to fund increased insurance premiums.

 

Decision(s):

The Minister approved an allocation of up to £2,194,000 in 2020 from the General Reserve to the Treasury and Exchequer (T&E) head of expenditure to fund increased insurance premiums.

 

Reason(s) for Decision: 

Article 15(3) of the Public Finances (Jersey) Law 2019 states that the approval by the States of a government plan authorises the Minister to direct how an approved appropriation for a reserve head of expenditure in the plan may be spent (including on another head of expenditure) in the first financial year covered by the plan.

 

The current Policy for Allocations from the Reserve agreed by the Minister for Treasury and Resources (published as R.80/2020) sets the requirement that all proposed allocations from the General Reserve are to be considered by the Investment Appraisal Team (IAT) Upon recommendation from the IAT, the Treasurer of the States will decide whether to recommend, seeking comments from the Principal Accountable Officer (PAO) prior to submission, to the Minister for approval. Where a request for funding is made by T&E, the Treasurer will declare a conflict of interest and will ask the PAO if he will recommend the request to the Minister for Treasury & Resources. The Minister for Treasury and Resources, if minded to approve a funding allocation, will circulate the draft Ministerial Decision to the OneGov Political Oversight Group (OGPOG) and Council of Ministers 5 working days before it is signed.

 

The IAT has recommended this request for approval and further to these reviews the PAO recommends this allocation to the Minister for approval. OGPOG and the Council of Ministers have been consulted.

 

Resource Implications:

The General Reserve head of expenditure to reduce by up to £2,194,000 in 2020 and the T&E head of expenditure to increase by an identical amount.

This decision does not change the total amount of expenditure approved by the States in the Government Plan 2020-2023.

The full business case has been submitted for future financial implications for inclusion in the Government Plan 2021-2024.

Action required: The Head of Financial Governance to advise the Head of Finance Business Partnering – T&E that this decision is approved.

Signature:

 

 

Position:

Deputy Susie Pinel

Minister for Treasury and Resources      

Date Signed:

 

Date of Decision:

 

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