Treasury and Resources
Ministerial Decision Report
Budget transfer from the Department for Infrastructure Victoria College Extension capital head of expenditure to the Education Department revenue head of expenditure to fund the Victoria College School Five Year Strategic Plan 2018-2022
- Purpose of Report
To enable the Minister to approve the transfer of £450,000 in 2019 and £117,000 in 2020 from the Department for Infrastructure Victoria College Extension capital head of expenditure (FA0MD09002) to the Education Department revenue head of expenditure to fund the Victoria College School Five Year Strategic Plan 2018-2022.
- Background
The Education Ministerial Decision (MD-ESC-2016-0025) signed on 6 October 2016 approved a budget transfer of £567,950 from the Education Department capital head of expenditure to the Department for Infrastructure capital head of expenditure to replace the porta cabins on College Field with a new classroom block. This sum is however insufficient to meet the full costs of the capital project which is presently on hold.
In 2017 the Board of Governors of Victoria College and Victoria College Preparatory prepared a comprehensive five-year strategic plan 2018-2022 addressing the future challenges facing both schools. To part fund the plan the Governors have requested the temporary use of the capital funds of £567,000 in 2019 (£450,000) and 2020 (£117,000) on the proviso that these funds will be repaid in full in 2022 (£332,000) and 2023 (£235,000).
3. Recommendation
The Minister is recommended to approve the transfer of £450,000 in 2019 and £117,000 in 2020 from the Department for Infrastructure Victoria College Extension capital head of expenditure (FA0MD09002) to the Education Department revenue head of expenditure to fund the Victoria College School Five Year Strategic Plan 2018-2022.
4. Reason for Decision
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.
The Ministerial Decision (MD-ESC-2016-0025) signed on 6 October 2016 approved a budget transfer of £567,950 from the Education Department capital head of expenditure to the Department for infrastructure capital head of expenditure to replace the porta cabins on College Field with a new classroom block. This sum is however insufficient to meet the full costs of the capital project which is presently on hold.
In 2017 the Board of Governors of Victoria College and Victoria College Preparatory prepared a comprehensive five-year strategic plan 2018-2022 addressing the future challenges facing both schools.
To part fund the plan the Governors have requested the temporary use of the capital funds of £567,000 in 2019 (£450,000) and 2020 (£117,000) on the proviso that these funds will be repaid in full in 2022 (£332,000) and 2023 (£235,000).
Ministerial Decisions for the 2019 and 2020 transfers have been signed by the Ministers for Infrastructure and Education.
5. Resource Implications
The Education Department revenue head of expenditure to increase by £450,000 in 2019 and £117,000 in 2020 and the Department for Infrastructure Victoria College Extension capital head of expenditure to decrease by identical amounts. This decision does not change the total amount of expenditure approved by the States in 2019 or 2020.
Report author : Head of Decision Support | Document date 17th May 2018 |
Quality Assurance / Review : Director of Financial Planning and Performance | File name and path: L:\Treasury\Sections\Corporate Finance\Ministerial Decisions\DS, WR and SD\2018-0080 - DfI capital to EDU revenue for Vic College £450k in 2019 and £117k in 2020 |
MD Sponsor: Treasurer of the States |