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Jersey Airport 2009 year-end budget transfers - GAAP accounting

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A decision made 18 January 2010 regarding: Jersey Airport 2009 year-end budget transfers - GAAP accounting.

Decision Reference:   MD-E-2010-0007

Decision Summary Title :

DS - Budget 2009

Date of Decision Summary:

 
14th January 2010

Decision Summary Author:

Donna Mitchell

Finance & Commercial Services Manager

Jersey Airport

Decision Summary:

Public or Exempt?

(State clauses from Code of Practice booklet)

Public

Type of Report:

Oral or Written?

 
Written

Person Giving

Oral Report:

 

Written Report

Title :

 
Budget Transfers 2009

Date of Written Report:

 
11th January 2010

Written Report Author:

Donna Mitchell

Finance & Commercial Services Manager

Jersey Airport

Written Report :

Public or Exempt?

(State clauses from Code of Practice booklet)

Public

Subject:  

Jersey Airport Year End Budget Transfers 2009

Decision(s): 

The Minister approved the Budget Transfers as detailed in the report.

Reason(s) for Decision: 

The Budget Transfers relate to the transfer of capital budget to revenue where applicable and in order to comply with GAAP.

Resource Implications: 

There will be no impact on total budget.  The total capital budget will be reduced by a net figure of £216,100 and the revenue budget increased accordingly.

Action required: 

Finance & Commercial Services Manager to forward this Decision to Treasury.

Signature: 

Position:

Assistant Minister Economic Development

Date Signed:

Date of Decision (If different from Date Signed):

Jersey Airport 2009 year-end budget transfers - GAAP accounting

  MD-E-2010-0007

 

Jersey Airport Year End Budget Transfers 2009

In accordance with the Finance Law Transfers between Capital and Revenue must be approved by the Minister for Treasury & Resources.  The following one off budget transfers need to be made in response to business decisions made throughout 2009 and the impact of the introduction of GAAP accounting. 

Capital to Capital Transfers

1. VY0602 (ATC Displays) £200,000 - transfer to VY0604 (ATC Equipment) 121150 (Plant and Equipment) - the replacement of this equipment is now included within the main ATC migration project. 

2. VY0901 (CUTE) £68,000 - transfer to VY0991 (MCA check in displays) 120710 (Computer Hardware) - the displays needed to be installed as a result of CUTE being introduced, however they are not part of the CUTE asset.  Per DP 17-2009 

3. VY0999 (MCAs) £183,000 - transfer to VY0992 (MCA Departures Roof Glazing) 120410 (Main Contract) - transfer between MCA capital votes. Per DP 29-2009 

Capital to Revenue Transfers

4. VY0902 (Regulatory Compliance and Safeguarding) £150,000 - transfer to VAA070 (Safeguarding) 804030 (Ex Gratia Payments) to cover the “lost rental” element of the purchase of Sous l’Eglise.  Per MD-E-2009-0149.   

5. VY0902 (Regulatory Compliance and Safeguarding) £27,000 transfer to VAA070 (Safeguarding) 700101 (External Works) for the cutting down of trees and other landscaping works as recommended by regulatory reviews.  

6. VY0902 (Regulatory Compliance and Safeguarding) £20,000 transfer to VAA070 (Safeguarding) 700101 (External Works) for the erection of obstacle lights onto three properties as recommended by the CAA Audit in August 2008. Per DP-72-2009 

7. VY0999 (Minor Capital) £12,100 - transfer to VAR010 (Rescue and Firefighting) 643390 (Other training) to cover the cost of training associated with the procurement of the new Fire Tender which is not capital expenditure. Per DP 49-2009. 

8. VY0901 (CUTE) £31,400 - transfer to VP0035 (Passenger Services) 721100 (Equipment Maintenance) to cover the revenue costs relating to the installation of CUTE (£27,643) plus the training costs incurred (£3,750). Per DP 65-2009. 

Revenue to Capital Transfers

9. VPN000 (Common Services) 701525 (Heating and Ventilation) £11,000 - transfer to VY0999 (Minor Capital 2009) 121150 (Plant and Equipment) to cover the purchase of a sign printer which pre-GAAP would have been funded from revenue (the cost of the equipment excluding installation was <£10,000). Per DP 32a-2009. 

10. VN0000 (Engineering Staff) 351985 (Staff Capital Recharge) £13,400 - transfer to VY0814 (Departures Retail) 121100 (Cap Manpower Expend) to cover the cost of internal labour relating to the creation of the new Retail Units and associated works. 
 

D.Mitchell

Finance & Commercial Services Manager

14 January 2010

 

Footnote: Safeguarding is the protection of the airfield from obstacles.

 

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