Community Savings Limited: Grant

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A decision made 26 May 2017:

Decision Reference: MD-TR-2017-0069
Decision Summary Title:	Grant Payment to Community Savings Ltd		Date of Decision Summary:	22nd May 2017
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 :	Grant Payment to Community Savings Ltd		Date of Written Report:	22nd May 2017
Written Report Author:	Finance Director, Corporate Group		Written Report : Public or Exempt?	Public
Subject: Transfer from T&R Corporate Contingency into the Treasury and Resources Department (T&R) revenue head of expenditure in the amount of £17,335 and authorisation of a grant in the same amount to Community Savings Ltd.
Decision(s): The Minister approved a transfer from T&R Corporate Contingency into the T&R revenue head of expenditure in the amount of £17,335 and authorised a grant in the same amount to Community Savings Ltd.
Reason(s) for Decision: To enable the Treasurer of the States, as Accounting Officer for the Treasury and Resources Department, to make a grant payment of £17,335 to Community Savings Ltd from the Treasury and Resources revenue head of expenditure. Article 18(1) (c) of the Public Finances (Jersey) Law 2005 states that all or any part of the amount appropriated by a head of expenditure may, with the approval of the Minister for Treasury and Resources, be used for the purposes of another head of expenditure.
Resource Implications: T&R Corporate Contingency to decrease by £17,335 and the T&R revenue head of expenditure to increase by an identical amount to enable an onward grant payment to Community Savings Ltd. This decision does not change the total amount of expenditure approved by the States.
Action required: The Head of Decision Support to advise the Finance Director of the Corporate Group that this decision is approved.
Signature:		Position: Senator A J H Maclean Minister for Treasury & Resources
Date Signed:		Date of Decision (If different from Date Signed)