Transfer of Funds: Seaside Cafe, Greve de Lecq, St. Ouen: Purchase

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A decision made 13 March 2024:

Decision Reference: MD-TR-2024-191		Public
Subject: Funding for acquisition by the public of the Seaside Café at Greve de Lecq and Car Park in 2024.
Report Title: WR - Funding for acquisition by the public of the Seaside Café at Greve de Lecq and Car Park in 2024.		Public
Decision(s): The Assistant Minister decided to approve the allocation of up to £3,800,000 in 2024 from the Reserve for Central Risk and Inflation to the Land Acquisition Head of Expenditure in order to acquire the Seaside Café and car park at Grève de Lecq and associated transaction costs.
Reason for Decision(s): Article 15(3) of the Public Finances (Jersey) Law 2019 states that the approval by the States of a Government Plan authorises the Assistant Minister to direct how an approved appropriation for a reserve head of expenditure in the plan may be spent (including on another head of expenditure) in the first financial year covered by the plan. The current Policy for Allocations from the Reserve, presented to the States Assembly as R.76/2022, sets out the requirements for allocations from the Reserve. The Assistant Minister has directed that, as this Decision is enacting a States decision, the allocation process has been satisfied.
Resource Implications: The Reserve for Central Risk and Inflation Head of Expenditure will decrease by up to £3,800,000, and the Land Acquisition Head of Expenditure will increase by up to £3,800,000 in 2024. This decision does not change the total amount of expenditure approved by the States in the Government Plan 2024-27.
Action Required: The Assistant Minister’s Private Secretary to advise the Specialist - Cost Benefit Analysis and the relevant Head of Finance Business Partnering that the Ministerial Decision has been signed.
Signature:	Signed By: Deputy I. Gorst of St. Mary, St. Ouen, and St. Peter
Date Signed:	Date of Decision (If different from Date Signed):