Budget transfer from Central Contingency to Chief Minister's Department: Jersey Competition Regulatory Authority: Grant

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A decision made 13 October 2017:

Decision Reference: MD-TR-2017-0127
Decision Summary Title:	Central Contingency funding allocation to CMD to cover JCRA costs		Date of Decision Summary:	9th October 2017
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:	Central Contingency funding allocation to cover JCRA Costs under the Competition Law		Date of Written Report:	9th October 2017
Written Report Author:	Head of Decision Support		Written Report : Public or Exempt?	Exempt (Art 26, 33, 34 and 42)
Subject: Request for additional funding of up to £150,000 from Central Contingency to the Chief Minister’s Department (“CMD”) to make a further grant to the Jersey Competition Regulatory Authority (“JCRA”)
Decision(s): The Minister decided to approve the additional funding of up to £150,000 from Central Contingency to the Chief Minister’s Department to make a further grant to the Jersey Competition Regulatory Authority.
Reason(s) for Decision: Article 17(2) of the Public Finances (Jersey) Law 2005 states that the Minister for Treasury and Resources is authorised to approve the transfer from contingency expenditure of amounts not exceeding, in total, the amount available for contingency expenditure in a financial year. The current Contingency Allocation Policy (published as R.110/2017) sets the requirement for all allocations from Contingency over £100,000 to be considered by the Council of Ministers prior to submission to the Minister for approval. The additional funding arises from the JCRA’s ongoing appeal against a legal challenge in 2016 over a decision taken under the Competition (Jersey) Law 2005. The request was approved by the Council of Ministers at their meeting on 28th September 2017.
Resource Implications: Central Contingency will decrease by up to £150,000 and the CMD revenue head of expenditure will increase by an identical amount in 2017.
Action required: Head of Decision Support to advise the Finance Manager – Corporate Group once this decision has been approved.
Signature:		Position: Connetable John Refault, Assistant Minister for Treasury and Resources
Date Signed:		Date of Decision: