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Budget Transfer - Occupation costs for Jubilee Wharf.

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A decision made (06/07/2009) regarding: Budget Transfer - Occupation costs for Jubilee Wharf.

Decision Reference:           MD-E-2009-0118 

Decision Summary Title:

DS - Proposal for Transfer of Budgets For Jubilee Wharf

Date of Decision Summary:

30th June 2009

Decision Summary Author:

Loretta Outhwaite (Finance Director)

Decision Summary:

Public or Exempt?

Public

Type of Report:

Oral or Written?

Written

Person Giving

Oral Report:

N/A

Written Report

Title :

Proposal for Transfer of Budgets For Jubilee Wharf

Date of Written Report:

22nd June 2009

Written Report Author:

Jason English

Written Report :

Public or Exempt?

Public

Subject:

To agree the transfer of budget from the Housing Department to the Economic Development for occupation costs of Jubilee Wharf.

Decision(s):

The Minister approved the transfer of £136,000 from the Housing Department’s revenue budget in 2009 and thereafter in perpetuity to the Economic Development Department in relation to the rent and service charges for Jubilee Wharf.

The Minister approved the transfer of £11,000  from the Housing Department’s revenue budget in 2009 and thereafter in perpetuity to the Economic Development Department in relation to electricity costs at Jubilee Wharf.

Reason(s) for Decision:

Jubilee Wharf is now occupied by 3 different Departments. In pursuit of proper accountability each Department will be responsible for its own costs in relation to occupation of the premises.  As the head-leaseholder the Housing Department paid utility costs associated with the building direct to suppliers.  Those costs will now be met by the landlord Jersey Property Holdings and re-charged to the occupying departments.

Resource Implications:

Financial:  Total transfer of £147,000 budget and related expenditure from the Housing Department.

Action required:

Finance Director to seek approval from the Treasury and Resources Minister for the transfer and arrange for the transfer then to be effected.

Signature: 

Senator Alan Maclean

Position: 

Minister for Economic Development

Date Signed: 

Date of Decision:

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