Budget transfers from Property Holdings to Housing Department relating to 'crisis' housing properties

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A decision made 9 September 2010 regarding: Budget transfers from Property Holdings to Housing Department relating to 'crisis' housing properties.

Decision Reference: MD-H-2010-0074
Decision Summary Title:	Transfer of ‘Crisis’ Housing Properties from JPH to the Housing Department		Date of Decision Summary:	27th August 2010
Decision Summary Author:	Director Strategic Development		Decision Summary: Public or Exempt?	Public
Type of Report: Oral or Written?	Written		Person Giving Oral Report:	N/A
Written Report Title:	Transfer of ‘Crisis’ Housing Properties from JPH to the Housing Department		Date of Written Report:	27th August 2010
Written Report Author:	Director Strategic Development		Written Report : Public or Exempt?	Public
Subject: Transfer of certain ‘crisis’ residential properties and associated budgets from the balance sheet of Jersey Property Holdings to that of the Housing Department.
Decision(s): The Minister: (i) agreed to the transfer of the following properties from the balance sheet of Jersey Property Holdings to that of the Housing Department with effect from 1 July 2010: · 26 West Park Avenue · 29 St James Street · 35 Kensington Place · Rocheby · 19 Midvale Road · Southwood (ii) approved the transfer, in perpetuity, of the respective income, expenditure and depreciation budgets relating to all of the properties transferred, as set out above, from Jersey Property Holdings to the Housing Department with effect from 1 July 2010, with appropriate adjustments for the part year impact in 2010.
Reason(s) for Decision: The properties proposed for transfer provide ‘crisis’ housing and, therefore, are more closely aligned with the core activities of the Housing Department.
Resource Implications: No resource implications other than the budget transfers as set out in the attached report
Action required: Treasury to action the relevant transfer of assets and associated budget transfers from Jersey Property Holdings to Housing.
Signature:		Position: Minister for Housing
Date Signed:		Date of Decision: