Jersey Car Parking: Reduced contribution estimated in 2012 Annual Business Plan

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A decision made 9 December 2011:

Decision Reference: MD-TR-2011-0142
Decision Summary Title:	Reduced Contribution from Jersey Car Parking for 2012		Date of Decision Summary:	11th November 2011
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:	Reduced Contribution from Jersey Car Parking for 2012		Date of Written Report:	11th November 2011
Written Report Author:	Decision Support Officer		Written Report : Public or Exempt?	Exempt 3.2.1 (xi)
Subject: Approval for the Jersey Car Parking trading operation (part of the Transport and Technical Services Department (TTS)) to reduce their contribution estimated in the 2012 Annual Business Plan as a result of the establishment of a service level agreement with the States of Jersey Development Company (SoJDC) for the operation of the Esplanade Car Park.
Decision(s): The Minister agreed to waive part of the contribution estimated by Jersey Car Parking for 2012.
Reason(s) for Decision: Article 27(4) of the Public Finances (Jersey) Law 2005 states that if a trading operation cannot meet the minimum contribution agreed in the Annual Business Plan for any given year, the Minister for Treasury and Resources may waive or delay payment of all or any part of the contribution.
Resource Implications: The reduced contribution from Jersey Car Parking will be paid to the States of Jersey by SoJDC, and therefore there are no financial implications arising from this decision.
Action required: Head of Decision Support to notify the TTS Finance Director 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: