Jersey Car Parks: Non Cash Depreciation Budget

Information about the publication of Ministerial Decisions

A formal published “Ministerial Decision” is required as a record of the decision of a Minister (or an Assistant Minister where they have delegated authority) as they exercise their responsibilities and powers.

Ministers are elected by the States Assembly and have legal responsibilities and powers as “corporation sole” under the States of Jersey Law 2005 by virtue of their office and in their areas of responsibility, including entering into agreements, and under any legislation conferring on them powers.

An accurate record of “Ministerial Decisions” is vital to effective governance, including:

demonstrating that good governance, and clear lines of accountability and authority, are in place around decisions-making – including the reasons and basis on which a decision is made, and the action required to implement a decision
providing a record of decisions and actions that will be available for examination by States Members, and Panels and Committees of the States Assembly; the public, organisations, and the media; and as a historical record and point of reference for the conduct of public affairs

Ministers are individually accountable to the States Assembly, including for the actions of the departments and agencies which discharge their responsibilities.

The Freedom of Information Law (Jersey) Law 2011 is used as a guide when determining what information is be published. While there is a presumption toward publication to support of transparency and accountability, detailed information may not be published if, for example, it would constitute a breach of data protection, or disclosure would prejudice commercial interest.

A decision made on 15 October 2010 regarding non cash depreciation budget for Jersey car parks

Decision Reference: MD-T-2010-0099
Decision Summary Title :	Non Cash (GAAP) Depreciation Budget for Jersey Car Parks		Date of Decision Summary:	23 September 2010
Decision Summary Author:	Senior Management Accountant		Decision Summary: Public or Exempt? (State clauses from Code of Practice booklet)	Public
Type of Report: Oral or Written?	Written		Person Giving Oral Report:	N/A
Written Report Title :	Non Cash (GAAP) Depreciation Budget for Jersey Car Parks		Date of Written Report:	23 September 2010
Written Report Author:	Senior Management Accountant		Written Report : Public or Exempt? (State clauses from Code of Practice booklet)	Public
Subject: Non Cash Depreciation Budget for Jersey Car Parks
Decision(s): The Minister approved an increase in the non cash budget transfer of £470,500 under UK Generally Accepted Accounting Principles (GAAP) for Jersey Car Parks.
Reason(s) for Decision: The current full year budget for the depreciation of fixed assets owned by the trading entity “Jersey Car Parks” is £594,000. The method by which the car parks were depreciated were revisited, the outcome of which led to a change in the life of the car parks by which the straight line depreciation method was applied. This in turn resulted in a greater depreciation budget being required than originally budgeted. It is important to note that this is a non cash budget which is required under UK GAAP accounting. The full depreciation budget required for 2010 is £1,064,500, therefore there is a short fall of £470,500.
Resource Implications: There are no other resource implications other than the transfer of non cash budget for Jersey Car Parks depreciation.
Action required: The Finance Director to request the Minister for Treasury and Resources to approve the increase in depreciation budget referred to in this report. Once approval is obtained, the Finance Director required to action the budget transfer.
Signature:		Position:
Date Signed:		Date of Decision (If different from Date Signed):