Budget Transfer: Minibus Purchase for St. John's School

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A decision made 9 December 2015:

Decision Reference: MD-ESC-2015-0026
Decision Summary Title:	Revenue to Capital Budget transfer for St John’s Primary School for purchase of Minibus		Date of Decision Summary:	30 November 2015
Decision Summary Author:	Finance Manager, DfESC		Decision Summary: Public or Exempt?	Public
Type of Report: Oral or Written?	Written		Person Giving Oral Report:	N/A
Written Report Title:	Revenue to Capital Budget transfer for St. John’s Primary School for purchase of Minibus		Date of Written Report:	30 November 2015
Written Report Author:	Finance Manager, DfESC		Written Report : Public or Exempt?	Public
Subject: For the Minister for Education, Sport and Culture to authorise a 2015 budget transfer from revenue to capital in order to meet GAAP requirements for the purchase of a Minibus for St John’s Primary School.
Decision(s): The Minister for Education, Sport and Culture approved the transfer of revenue funds to minor capital in the sum of £18,000.
Reason(s) for Decision: The funds for the purchase of this Minibus are currently included in revenue. Budget is required to be transferred to minor capital to comply with GAAP requirements.
Resource Implications: The ESC revenue head of expenditure to decrease by £18,000 and ESC minor capital 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 Medium Term Financial Plan 2013-15.
Action required: For officers of the Department to request the approval of the Treasurer of the States to the transfer in accordance with Financial Direction 3.6.
Signature:		Position: Deputy Rod Bryans Minister for Education, Sport and Culture
Date Signed:		Date of Decision: