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L'înformâtion et les sèrvices publyis pouor I'Île dé Jèrri

Reserve funding for various financial pressures

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A decision made on 5 May 2022

Decision Reference:  MD-TR-2022-357

Public

Subject: Reserve funding for various financial pressures

 

Report Title: Reserve funding for various financial pressures in 2022

Public

Decision(s):

The Minister approved the allocation of up to £8,345,985 in 2022 from the General Reserve (DEL) to various heads of expenditure, as detailed below, to fund the unforeseen pressures in 2022.  IA 22-040 - Additional Bank Charges and Card Fees - Treasury & Exchequer: £530,000 IA 22-024 - Westaway Court - Infrastructure, Housing and Environment: £2,161,000 IA 22-043 - Social Worker Recruitment and Retention - Children, Young People, Education and Skills: £1,570,000 IA 22-032 - HCS Financial Pressures 2022 - Health and Community Services: £4,084,985

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 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 agreed by the Minister for Treasury and Resources on Wednesday 4th May 2022 sets the requirement for all allocations from the General Reserve (DEL) once approved by the States Treasurer to be referred for information to the Council of Ministers and to seek comments from the Principal Accountable Officer (PAO) prior to submission to the Minister for approval. This has been circulated to the Council of Ministers in accordance with the requirements of the policy. The current Policy for Allocations from the Reserve agreed by the Minister for Treasury and Resources on Wednesday 4th May 2022 sets the requirement for all allocations from the Reserve for Centrally Held Items once approved by the States Treasurer is to be submitted to the Minister for approval. The Investment Appraisal Team have reviewed the business cases for these requests. Following these reviews, the Treasurer, taking into account comments from the PAO, recommended that the Minister allocate funding from these Reserves.

Resource Implications: The General Reserve (DEL) to decrease by up to £8,345,985.  The T&E, IHE, CYPES and HCS heads of expenditure to increase by up to £530,000, £2,161,000, £1,570,000 and £4,084,985 respectively.  This decision does not change the total amount of expenditure approved by the States in the Government Plan 2022-25.

 

Action Required: The Head of Financial Governance to advise the Heads of Finance Business Partnering of T&E, IHE, CYPES and HCS that this decision is approved

Signature:

 

 

Signed By: Minister for Treasury and Resources

Date Signed:

 

 

Date of Decision (If different from Date Signed):

 

 

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