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Information and public services for the Island of Jersey

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

Budget transfer Property Holdings to Transport and Technical Services: 2014 Fiscal Stimulus and Parish Projects

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A decision made 24 March 2014:

Decision Reference:  MD-TR-2014-0023

Decision Summary Title:

Transfer of capital budget from T&R to TTS for fiscal stimulus and Parish projects

Date of Decision Summary:

17th March 2014

Decision Summary Author:

Finance Manager - JPH

Decision Summary:

Public or Exempt?

Public

Type of Report:

Oral or Written?

Written

Person Giving

Oral Report:

N/A

Written Report

Title:

Transfer of capital budget from T&R to TTS for fiscal stimulus and Parish projects

Date of Written Report:

17th March 2014

Written Report Author:

Director of Transport TTS

Written Report :

Public or Exempt?

Public

Subject: Transfer of 2014 capital budget for fiscal stimulus and Parish projects from Treasury and Resources – Jersey Property Holdings (T&R - JPH) to Transport and Technical Services (TTS).

Decision(s):  The Minister approved a capital budget transfer in 2014 of £1,252,000 from T&R - JPH capital head of expenditure to TTS capital head of expenditure for fiscal stimulus and Parish projects schemes. The creation of a new capital head of expenditure in TTS has also been approved.

Reason(s) for Decision: Article 18(1)(c) of the Public Finances (Jersey) 2005 states that all or any part 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.

 

This funding will allow TTS to proceed with planned road safety and parish village improvement schemes to provide fiscal stimulus, namely:

  • Public realm and pedestrian crossing safety improvements in St Helier, specifically improvements to Bath St adjacent to the Town Park and West Centre;
  • Accelerate the delivery programme for St Mary, St John and St Lawrence village improvements;
  • Road safety improvements at Grouville School.

Resource Implications: The T&R (JPH) capital head of expenditure to decrease by £1,252,000 with the TTS capital head of expenditure to increase by an identical amount in 2014. This decision does not change the total amount of expenditure approved by the States in the 2014 Budget Statement.

Action required: Business Manager to inform the Financial Performance Reporting Manager, the Finance Manager for JPH and the TTS Finance Manager that this decision has been approved.

Signature:

Position: Senator P.F.C. Ozouf, Minister for Treasury and Resources

 

Date Signed:

Date of Decision:

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