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Budget Transfer: Fund work on height alignment aspect of Jersey Airport - Arrival Building Project

A formal published “Ministerial Decision” is required as a record of the decision of a Minister (or an Assistant Minister where they have delegated authority) as they exercise their responsibilities and powers.

Ministers are elected by the States Assembly and have legal responsibilities and powers as “corporation sole” under the States of Jersey Law 2005 by virtue of their office and in their areas of responsibility, including entering into agreements, and under any legislation conferring on them powers.

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A decision made 9 December 2011:

Decision Reference:  MD-TR-2011-0145

Decision Summary Title:

Use of Jersey Airport Trading Fund in 2012 for the Height Alignment of the Arrivals Building Project

Date of Decision Summary:

21st 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:

Use of Jersey Airport Trading Fund in 2012 for the Height Alignment of the Arrivals Building Project

Date of Written Report:

21st November 2011

Written Report Author:

Decision Support Officer

Written Report :

Public or Exempt?

Public

Subject: Use of Jersey Airport Trading Fund in 2012 for the height alignment of the Arrivals Building Project. 

Decision(s): The Minister for Treasury and Resources approved the use of £1,049,100 from the Jersey Airport Trading Fund in 2012.

Reason(s) for Decision: Article 22(3) of the Public Finances (Transitional Provisions) (No.2) (Jersey) Regulations 2005 states that: “money standing to the credit of the trading fund of a States trading operation may also be used, with the approval of the Minister [for Treasury and Resources], for a purpose other than one approved as part of an annual business plan if expenditure for the purpose is necessary or expedient to advance the business of the trading operation”.

Resource Implications: In 2011, a total of £1,361,403 was transferred from the Jersey Airport Arrivals Demolition Top 2 flrs capital head of expenditure to the Jersey Airport revenue head of expenditure for aspects of the project which did not comply with the GAAP definition of capital. 

Up to 31 December 2011, a sum of £271,672 will have been spent, however, due to the prolonged nature of the works being carried out to the building, the project will continue into 2012 and 2013. 

In 2011, unspent funds for this particular project of £1,089,731 will be transferred back to the Jersey Airport Trading Fund, and permission sought to draw £1,049,100 of this money from the Jersey Airport Trading Fund in 2012 (in addition to approvals in the 2012 Annual Business Plan) in order to fund the works scheduled for 2012. 

The remainder of the funds - £40,631 – will be included within the 2013 Medium Term Financial Plan.

Action required: Head of Decision Support to inform the Head of Financial Performance Reporting and the Jersey Airport Finance and Commercial Services Manager 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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