Fiscal Stimulus: Allocation to Education, Sport and Culture

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A decision made 24 December 2010 regarding: Fiscal Stimulus: Allocation to Education, Sport and Culture - grant to Beaulieu School.

Decision Reference: MD-TR-2010-0187
Decision Summary Title:	Fiscal Stimulus Budget Allocation – for Education, Sport and Culture Department		Date of Decision Summary:	17th December 2010
Decision Summary Author:	Interim Treasurer of the States		Decision Summary: Public or Exempt?	Public
Type of Report: Oral or Written?	Written		Person Giving Oral Report:	N/A
Written Report Title:	Fiscal Stimulus Funding to the Education, Sport and Culture Department in respect of a grant award to Beaulieu School		Date of Written Report:	17th December 2010
Written Report Author:	Fiscal Stimulus Programme Manager		Written Report : Public or Exempt?	Public
Subject: Fiscal Stimulus Plan: budget allocation to the Education, Sport and Culture Department in relation to a grant award for Beaulieu School
Decision(s): The Minister approved the allocation of £510,500 to the Education, Sport and Culture Department (ESC) in respect of a grant to be awarded to Beaulieu School. The Minister further instructed the Chief Officer of ESC to report on spend of all stimulus monies, and project progress/performance on a monthly basis in accordance with guidelines set by the Treasury and return any unspent grant monies without limit in time.
Reason(s) for Decision: A discretionary fiscal stimulus allocation from the Stabilisation Fund of £44m has already been approved. The approved funding of £510,500 to ESC will enable grant payments to be made to Beaulieu School, which together with the funding raised by the school, will enable provision of an appropriate facility for students with learning support needs. The allocation will be in accordance with the critical path for delivering this stimulus project on a timely basis.
Resource Implications: Allocation of funding totalling £510,500 to the Education, Sport and Culture Department. No manpower resource implications.
Action required: The Fiscal Stimulus Programme Manager to inform the Education, Sport and Culture Department and the Head of Financial Performance Reporting that this Decision has been approved.
Signature:		Position: Senator P F C Ozouf, Minister for Treasury and Resources
Date Signed:		Date of Decision: