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Budget transfer relating to: Human Resources Transformation Programme

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A decision made 7 June 2010 regarding: Budget transfer relating to: Human Resources Transformation Programme.

Decision Reference: MD-TR-2010-0085

Decision Summary Title:

Budget transfer – CMD Human Resources

Date of Decision Summary:

1st June 2010

Decision Summary Author:

Finance Director, Corporate Group

Decision Summary:

Public or Exempt?

Public

Type of Report:

Oral or Written?

Written

Person Giving

Oral Report:

N/A

Written Report

Title:

Funds transfer for Human Resources Transformation Programme

Date of Written Report:

19th May 2010

Written Report Author:

Finance Manager, Corporate Group

Written Report :

Public or Exempt?

Public

Subject:

Transfer of £186,000 in 2010 from the Human Resources Transformation Programme capital fund (current balance of £417,000) to the Human Resources revenue budget to fund training and development programmes.

Decision(s): 

The Minister approved the non-recurring transfer of £186,000 in 2010 from the Human Resources Transformation Programme capital fund to the Human Resources revenue budget.

Reason(s) for Decision:

The Human Resources Transformation (Change) capital fund supports the delivery of a number of training and development programmes. In order to comply with UK GAAP the payments should be treated as revenue expenditure and therefore charged against Human Resource’s revenue budgets, which need to be reimbursed £186,000 from the capital fund.  

Furthermore under Financial Direction 3.6 and the Public Finance (Jersey) Law 2005 the approval of the Minister is required for any variations to heads of expenditure above £100,000.

Resource Implications:

None.

Action required:

The Finance Director, Corporate Group to request that Treasury action the budget transfer.

Signature: 

Position: Deputy E. J. Noel, Assistant Minister for Treasury and Resources 

Date Signed:

Date of Decision:

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