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Budget transfer of up to £600,000 relating to interim funding for Jersey Heritage Trust

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A decision made 4 October 2010 regarding: Budget transfer of up to £600,000 relating to interim funding for Jersey Heritage Trust.

Decision Reference:  MD-TR-2010-0134

Decision Summary Title:

Transfer Between ESC Capital and Revenue Heads of Expenditure for Interim Funding for the Jersey Heritage Trust

Date of Decision Summary:

1st October 2010

Decision Summary Author:

Head of Decision Support

Decision Summary:

Public or Exempt?

Public

Type of Report:

Oral or Written?

Written

Person Giving

Oral Report:

N/A

Written Report

Title:

Transfer Between ESC Capital and Revenue Heads of Expenditure for Interim Funding for the Jersey Heritage Trust

Date of Written Report:

1st October 2010

Written Report Author:

Decision Support Officer

Written Report :

Public or Exempt?

Exempt 3.2.1 (a) (xiv)

Subject:

Internal budget transfer of up to £600,000 from ESC capital to revenue heads of expenditure for interim funding for the Jersey Heritage Trust.

Decision(s):

The Minister approved a non-recurring budget transfer of up to £600,000 from ESC capital to revenue heads of expenditure for interim funding for the Jersey Heritage Trust.

Reason(s) for Decision:

Under Financial Direction 3.6 and Section 15 (1) (a) of the Public Finances (Jersey) Law 2005, the approval of the Minister for Treasury and Resources is required for any variations to heads of expenditure above £100,000.

Resource Implications:

The department’s revenue budget to increase by up to £600,000 and the value of the capital head of expenditure to reduce by an equivalent amount.  This does not change the total amount of expenditure approved by the States.

Action required:

Head of Decision Support to inform the Head of Financial Performance Reporting that the transfer has been approved.

Signature: 
 

Position: Senator P.F.C Ozouf, Minister for Treasury and Resources 

Date Signed:

Date of Decision:

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