The official version of this document can be found via the PDF button.
The below content has been automatically generated from the original PDF and some formatting may have been lost, therefore it should not be relied upon to extract citations or propose amendments.
STATES OF JERSEY
BUDGET MANAGEMENT REPORT FOR THE 6 MONTH PERIOD TO
30TH JUNE 2009
Presented to the States on 4th November 2009 by the Minister for Treasury and Resources
STATES GREFFE
2009 Price code: B R.121
REPORT
- The administration of the public finances of Jersey
In accordance with the Public Finances (Jersey) Law 2005 (the Law') (including Finance Regulations approved under that Law and Financial Directions) certain matters relating to budgeting and to the financial control and administration of States trading operations are required to be reported to the States twice yearly by the Minister for Treasury and Resources (the Minister').
- Reporting on Ministerial and delegated approvals
The areas of administration which are to be reported on to 30th June 2009 are as follows –
• the use of trading funds by States trading operations;
• borrowing;
• budget transfers; and
• carry forward of revenue balances.
- Use of trading funds
During the 6 month period to 30th June the Minister approved additional expenditure of £250,000 from the Jersey Harbours Trading fund to develop the Harbour Works and Event Shed Project and create a Marine Leisure Business Park in line with the Jersey Harbours ongoing marine leisure growth policy.
- Borrowing
- Small Firms Loan Guarantee Scheme
The Treasurer of the States did not guarantee any new loans under the Small Firms Loan Guarantee Scheme (SFLGS) during the period ended 30th June. Under the terms of the Scheme, the Economic Development Department underwrites up to 75% of the value of a loan. As at 30th June 2009, the total amount loaned under the SFLGS was £545,782, of which £409,336 was guaranteed by the States.
- Jersey Student Loan Scheme
The Jersey Student Loan Scheme commenced in September 2007. As at 30th June 2009, 269 students had taken out a loan under the Scheme, and the total amount borrowed was £569,830. Terms with the intermediaries require the States of Jersey to underwrite 100% of the value of the loan.
- Budget transfers
Budget transfers are reported on the following basis –
• transfers between revenue heads of expenditure;
• transfers between capital and revenue heads of expenditure; and
• transfers between capital heads of expenditure.
Budget transfers between departments vary the budgets of individual departments but are net nil in total.
- Transfers between revenue heads of expenditure
Revenue transfers during the period ended 30th June 2009 are shown in Table (1).
Table (1) Transfers between revenue heads of expenditure
Department | £ | Funding of:- | |
To | From | ||
P&E | T&R – PHD | 29,268 | Net property maintenance and rental income budget 2009 |
Home Affairs | ES&C | 63,300 | Education Officer 2009 (1 FTE) |
Home Affairs | T&R – Itax | 42,500 | Software support contract |
H&SS | E&SS | 175,000 | Subsidised Product Scheme |
CMD | T&R | 60,000 | Fiscal Policy Panel |
Home Affairs | EDD | 30,000 | Training facility improvements at the Prison |
Judicial Greffe | NMSFB | 1,108,210 | Court and Case Costs |
Home Affairs | NMSFB | 291,264 | Court and Case Costs |
Bailiff 's Chambers | T&R | 3,500 | Jurats' fees and expenses |
CMD – HR | ES&C | 55,092 | 1 FTE to formalise the HR Business Partnering function |
CMD – ISD | Home Affairs | 42,000 | 1 FTE to provide the Prison with IT support |
ES&C | EDD | 127,140 | Part-funding of the Skills Executive 2009 |
ES&C | Soc Sec | 203,250 | Part-funding of the Skills Executive 2009 |
Office of Lt. Governor | T&R | 9,333 | Balance of the requested 2008 carry forward |
*Non-Ministerial States Funded Body (NMSFB)
- Transfers between capital and revenue heads of expenditure
Transfers between capital and revenue during the period to 30th June are shown in Table (2) on page 3.
Table (2) Transfers between capital and revenue heads of expenditure
Department | £ |
| |
To | From | ||
T&R – PHD | T&R (cap) | 500,000 | Transfer from the Central Planning Vote in relation to the development of the former JCG site |
T&R – PHD | T&R – PHD (rev) | 238,294 | Transfer of the Indoor Market surplus for 2008 for Phase 2 of the Indoor Market Refurbishment works |
EDD | EDD (cap) | 270,000 | Transfer from the Economic Growth Plan to fund the supplementary grant to Jersey Finance Ltd for 2008 |
CMD | CMD (cap) | 281,000 | Transfer from the HR Transformation Fund to reimburse States HR training and development- related budgets |
CMD | T&R (cap) | 32,087 | Transfer from the Contingency Fund to reimburse additional actual HCAE expenditure to 31.12.08 |
Law Officers' Department | T&R (cap) | 447,389 | Transfer from the Contingency Fund to reimburse additional actual HCAE expenditure to 31.12.08 |
T&R – PHD | T&R (cap) | 96,927 | Transfer from the Contingency Fund to reimburse additional actual HCAE expenditure to 31.12.08 |
H&SS | T&R (cap) | 117,000 | Transfer from the Contingency Fund to reimburse additional actual HCAE expenditure to 31.12.08 |
Home Affairs | T&R (cap) | 875,067 | Transfer from the Contingency Fund to reimburse additional actual HCAE expenditure to 31.12.08 |
H&SS | T&R (cap) | 54,100 | Transfer from the Contingency Fund to reimburse expenditure on preparing for a potential Flu Pandemic |
ES&C | ES&C (rev) | 310,000 | Transfer to fund ICT Strategy Phase 2 |
ES&C | T&R (cap) | 311,573 | Transfer from the WEB Leisure Pool capital budget to fund the Waterfront Pool 2008 |
CMD | T&R (rev) | 47,000 | Repayment to the Organisational Development Fund in respect of the Central States Procurement Team |
CMD | CMD (cap) | 3,638,630 | Transfer to align budgeting and accounting treatment* |
Probation | Judicial Greffe (cap) | 60,000 | Transfer from the Magistrate's Court to Probation and Aftercare for 2009 |
H&SS | H&SS (cap) | 3,044,619 | Transfer to align budgeting and accounting treatment* |
T&R – PHD | T&R – PHD (cap) | 375,437 | Transfer to align budgeting and accounting treatment* |
T&R – Itax | T&R – Itax (cap) | 20,000 | Transfer to align budgeting and accounting treatment* |
EDD | EDD (cap) | 1,019,566 | Transfer to align budgeting and accounting treatment* |
T&TS | T&TS (cap) | 882,845 | Transfer to align budgeting and accounting treatment* |
P&E | P&E (cap) | 416,737 | Transfer to align budgeting and accounting treatment* |
Home Affairs | Home Affairs (rev) | 87,000 | Transfer to align budgeting and accounting treatment* |
Housing | Housing (cap) | 1,967,000 | Transfer to align budgeting and accounting treatment* |
CMD | CMD (cap) | 4,755,910 | Transfer to align budgeting and accounting treatment* |
T&R | T&R (cap) | 38,200 | Transfer to align budgeting and accounting treatment* |
ES&C | ES&C (rev) | 20,000 | Transfer to align budgeting and accounting treatment* |
P&E | T&R (cap) | 580,000 | Transfer from the Contingency Fund to settle a compensation payment |
* These budget transfers are required as a result of implementing Generally Accepted Accounting Principles (GAAP) in 2009 and do not change the total net expenditure approved by the States.
- Transfers between capital heads of expenditure
Transfers between existing capital heads of expenditure to 30th June are shown in Table (3) below.
Table (3) Transfers between capital heads of expenditure
Department | £ | ||
To | From | ||
P&E | P&E | 85,000 | Transfer from various P&E Capital budgets to part-fund the Island Plan Review |
P&E | T&R – PHD | 265,000 | Transfer from the Central Planning Vote to part- fund the Island Plan Review |
H&SS | H&SS | 963,563 | Consolidation of Minor Capital Projects to equipment and IT projects |
NMSFB | NMSFB | 3,530 | Transfer from the Magistrates' Court Capital budget for cell improvement and the Jersey Legal Information Board |
H&SS | T&R – PHD | 82,000 | Transfer from the Central Planning Vote to the Oncology Unit to fund a feasibility study |
Housing | Housing | 500,000 | Transfer from the Housing Rolling Vote to fund the demolition of Ann Court |
- Carry forwards
Total 2008 Year End Carry Forwards of £5,448,880 were approved by the Minister (MD-TR-2009-0061), following discussions with the Council of Ministers (Table (4) below refers).
Table (4) Carry forwards
Department | £ |
Chief Minister | 1,020,000 |
EDD | 852,318 |
ES&C | 1,725,446 |
H&SS | 22,495 |
Home Affairs | 2,560 |
Soc Sec | 340,000 |
T&TS | 208,180 |
T&R | 928,764 |
Probation | 8,984 |
Bailiff 's Chambers | 10,117 |
Law Officers' | 52,721 |
Judicial Greffe | 36,350 |
Lieut. Governor | 7,266 |
Data Protection | 19,786 |
Overseas Aid | 24,959 |
Comptroller & Auditor General | 175,000 |
Viscounts | 13,934 |
Total | £5,448,880 |
|