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TREASURY & Resources ITEM NO:
TREASURY AND RESOURCES MINISTER
2007 carry forwards in respect of the Comptroller and Auditor General
- Purpose of Report
To enable the Minister to approve the use of unspent balances from the 2007 expenditure approval to be carried forward to 2008 for use by the Comptroller and Auditor General in accordance with the Public Finances (Jersey) Law 2005.
- Background
The Comptroller and Auditor General will, in 2008, be undertaking a project to consider the potential for achieving revenue savings, based on work already carried out by the Corporate Management Board. He is seeking assurances that sufficient funding for this project will be available.
Article 15(1) of the Public Finances (Jersey) Law 2005 states:
15. Permitted variations
(1) Despite Article 14(2) and (3), all or any part of the amount appropriated by a head of expenditure may, with the approval of the Minister –
(a) be used for the purposes of another head of expenditure; or
(b) in the case of revenue expenditure, be withdrawn from the consolidated fund after the end of the relevant financial year.
The Comptroller and Auditor General is likely to achieve an underspend of approximately £90,000 in 2007 against his budget of £695,900. The Minister could approve this underspend to be carried forward in accordance with Article 15(1)(b).
The States Assembly and its Services are currently forecasting an underspend of approximately £340,000 for 2007. £195,000 of this sum could be carried forward to 2008 in accordance with Article 15(1)(b) and then transferred to the Comptroller and Auditor General’s head of expenditure in accordance with Article 15(1)(a).
- Recommendation
That the Minister:
- Approves the carry forward of any unspent balances from the Comptroller and Auditor General’s 2007 head of expenditure for use in 2008.
- Approves the carry forward of £195,000 from the States Assembly and its Services 2007 head of expenditure for subsequent transfer to the Comptroller and Auditor General’s head of expenditure for use in 2008.
- Reason for Decision
To comply with Article 15(1) of the Public Finances (Jersey) Law 2005 and to permit the Comptroller and Auditor General to carry out a review of potential savings initiatives in 2008.
States Treasury Corporate Financial Strategy Division
7 December, 2007 for decision 10 th December 2007
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