Victoria College and Jersey College for Girls and associated Preparatory Schools

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A decision made (19/11/2007) regarding: Victoria College and Jersey College for Girls and associated Preparatory Schools - transfer from revenue to capital.

Decision Reference: MD-ESC-2007-0048
Decision Summary Title:	Victoria College and Jersey College for Girls and associated Preparatory Schools – transfer from revenue to capital	Date of Decision Summary:	31st October 2007
Decision Summary Author:	Assistant Director - Finance	Decision Summary: Public or Exempt?	Public
Type of Report: Oral or Written?	Written	Person Giving Oral Report:
Written Report Title:	Victoria College, Jersey College for Girls and Preparatory Schools – Carry Forward funds	Date of Written Report:	15th October 2007
Written Report Author:	Assistant Director - Finance	Written Report : Public or Exempt?	Exempt
Subject: Victoria College and Jersey College for Girls and associated Preparatory Schools – transfer from revenue to capital.
Decision(s): In respect of the following, all in accordance with Financial Direction No3.6 ‘Variations to Heads of Expenditure’, to request:- the approval of the Treasurer of the States to utilise additional income for additional expenditure; the approval of the Treasury and Resources Minister and the Council of Ministers that funds amounting to £427,625 in respect of Victoria College (and Preparatory School) and £375,000 in respect of Jersey College for Girls (and Preparatory School) be transferred from revenue to capital.
Reason(s) for Decision: To allow schools to use accumulated funds for the purpose of meeting future operating deficits and for carrying out various capital building works.

Resource Implications: No resource implications other than the transfer of £802,625 from revenue to capital.
Action required: Instruct the Assistant Director – Finance to request the Treasurer of the States to agree the proposal to utilise additional income and to request approval from the Treasury and Resources Minister to action the transfer from revenue to capital and to inform the Department of whatever further approvals may be required.
Signature:	Position: Minister for Education, Sport and Culture
Date Signed:	Date of Decision: