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Budget Transfer - Education Department / Property Holdings.

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A decision made (02/10/2006) regarding a budget transfer in respect of the transfer of responsibilities for the maintenance of properties from the Education Department to the Property Holdings Department.

Subject:

A Budget Transfer in respect of the transfer of responsibilities for the maintenance of properties from the Education Department to the Property Holdings Department.

Decision Reference:

MD-TR-2006-0101

Exempt clause(s):

N/A

Type of Report: (oral or written)

Written

Person Giving Report (if oral):

N/A

Telephone or

e-mail Meeting?

N/A

Report

File ref:

FF/01/27/09/06

Written Report –

Title

Budget Transfers

Written report - author

Frances Ferris - Accountant

Advisory Unit

Decision(s):

To agree a budget transfer of revenue of £3,775,995 for 2006 decreasing to £3,761,333 in 2007 for the transfer of responsibilities for the maintenance of Education Department Property from the Education Department to Property Holdings.

Also to agree to transfer the unspent balances on capital votes totalling £9,384,080.

Reason(s) for decision

In June 2005 the States approved the creation of the Property Holdings Department to be responsible for the administration of all States Property.

The above transfer is a necessary stage in the creation of this Department.

Action required:

To transfer the budgets and balances of the relevant business units and accounts in the Education Department to the Property Holdings Department, effective from 1st October 2006.

Signature:

(Minister/ Assistant Minister)

Date of Decision:

2 October 2006

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