Victoria College, Jersey College for Girls and Preparatory Schools

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A decision made (10/12/2007) regarding: Victoria College, Jersey College for Girls and Preparatory Schools - Carry Forward Funds.

Decision Reference: MD-TR-2007-0133
Decision Summary Title:	Victoria College, Jersey College for Girls and associated Preparatory Schools – Carry Forward funds		Date of Decision Summary:	5th December 2007
Decision Summary Author:	Kevin Hemmings – 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:	Victoria College, Jersey College for Girls and associated Preparatory Schools – Carry Forward funds		Date of Written Report:	5th December 2007
Written Report Author:	Kevin Hemmings – Head of Decision Support		Written Report : Public or Exempt?	Public
Subject: Victoria College, Jersey College for Girls and Preparatory Schools – Carry Forward funds
Decision(s): The Minister approved the use of accumulated Receipts in Advance by the named Colleges and Schools and the associated transfers of these into their revenue budgets. The Minister approved the transfer of £802,625 from the revenue budgets to appropriate Property Holdings capital heads of expenditure. The Minister agreed to request the approval of the Council of Ministers to create two new capital heads of expenditure within Property Holdings to accommodate the transferred capital sums.
Reason(s) for Decision: To comply with the Public Finances (Jersey) Law 2005 and financial direction 3.6.
Resource Implications: There are no additional manpower or spending implications as a result of this report.
Action required: Head of Decision Support to notify the Education Sport and Culture Department’s Finance Director of these decisions. Treasury officers to effect the necessary budget transfers. The Minister to request the approval of the Council of Ministers to create two new capital heads of expenditure within Property Holdings to accommodate the transferred capital sums.
Signature:		Position: Senator Terry Le Sueur, Minister for Treasury and Resources
Date Signed: 10th December 2007		Date of Decision: 10th December 2007