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Budget transfer relating to web development project 2010

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A decision made 26 January 2011 regarding: Budget transfer relating to web development project 2010.

Decision Reference: MD-C-2011-0011

 

Decision Summary Title :

Web Development (Capital) Budget Transfer

Date of Decision Summary:

24th January 2011

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 :

ISD Budget Transfer – Web Development (Capital)

Date of Written Report:

 21st January 2011

Written Report Author:

Finance Manager Corporate Group

Written Report :

Public or Exempt?

(State clauses from Code of Practice booklet)

Public

Subject: 

Web Development (Capital) Budget Transfer.

Decision(s):

The Chief Minister agreed the transfer of £325,400 from the Chief Ministers IS/IT Capital Vote to the Web Development project budget in 2010.

Reason(s) for Decision:

To comply with the requirements of Financial Direction 3.6 and transfer the requisite budgets between heads of expenditure, namely the IS/IT capital vote and the Web Development project budget. The project is in relation to the next phase of the States of Jersey website development.

Resource Implications:

Nil – transfer of project budgets between capital heads of expenditure.

Action required:

Treasury and Resources Finance Director to action budget transfers.

Signature:

 

Position: Senator T A Le Sueur, Chief Minister

 

 

Date Signed:

Date of Decision:

 

Budget transfer relating to web development project 2010

 Date: 21st January 2011

 

 

 

ISD Budget Transfer – Web Development (Capital)

 

 

Purpose of the report

 

To request approval for the transfer of £325,400 budget from the ISD IS/IT capital vote to the Web Development project.

 

The IS/IT capital vote is reported under a separate head of expenditure to the Web Development project and under Financial Direction 3.6 and the Public Finance (Jersey) Law 2005 the approval of the Minister is required for any variations to heads of expenditure above £100,000. The approval of the Treasury & Resources Minister will also be required.

 

Background

 

The unallocated IS/IT capital balance currently stands at £2,045,540. A further draw down of £325,400 will leave the remaining balance at £1,720,140:

 

Description

Amount

Current Unallocated IS/IT capital vote balance

£2,045,540

Web Development funding required for 2010

-£325,400

 

 

Remaining Balance

£1,720,140

 

The original Web Development capital cost was some £488k and the brand new States of Jersey site went live in February 2010.

 

The next phase of the project was to continue the initial development and introduce other features such as the provision of online services and the development of the intranet. The total cost of these works was £325,400 and the funding is currently held in the unallocated IS/IT capital vote. Therefore the budget needs to be transferred to the Web Development Head of Expenditure in order to match the expenditure incurred.

 

reCOMMENDATION

 

To approve the transfer of £325,400 budget from the ISD IS/IT capital vote to the Web Development project budget in 2010.

 

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