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Budget transfer: Town Park Capital Vote

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  • 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

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A decision made 10 December 2012:

Decision Reference:       MD-H-2012-0104 

Decision Summary Title :

Return of £250,000 from Town Park Project Capital Vote

Date of Decision Summary:

5th December 2012

 

 

Decision Summary Author:

 

Finance Director

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 :

Return of £250,000 from Town Park Project Capital Vote

Date of Written Report:

5th December 2012

 

Written Report Author:

Finance Director

Written Report :

Public or Exempt?

(State clauses from Code of Practice booklet)

Public

Subject: Capital budget repayment of £250,000 from the Town Park Capital Vote to the Housing Department’s Rolling Vote.

Decision(s): The Minister accepts a budget transfer of £250,000 from the Town Park Capital Vote to the Housing Rolling Vote.

Reason(s) for Decision: The Town Park project had originally been lent £250,000 from the Housing Rolling Vote to act as an additional contingency should the project encounter significant issues. The project is now complete and the contingency was not required. It is therefore appropriate that the budget should be returned to the Housing Rolling Vote.

Resource Implications: The Housing Rolling Vote Capital Head of Expenditure (H00RL10007) will increase by £250,000.

Action required: Finance Director, in liaison with Treasury and Resources, to affect the necessary transfer.

Signature:

 

 

Position:

 

Date Signed:

Date of Decision (If different from Date Signed):

 

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