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STATES OF JERSEY
BUDGET MANAGEMENT FOR THE 6 MONTH PERIOD TO 30TH JUNE 2010
Presented to the States on 14th December 2010 by the Minister for Treasury and Resources
STATES GREFFE
2010 Price code: B R.145
REPORT
- The administration of the public finances of Jersey
In accordance with the Public Finances (Jersey) Law 2005 ("the Law") (including 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").
This report summarises decisions made during the 6 month period to 30th June 2010, the majority of which have been previously published.
- Reporting on decisions
The areas of administration which are to be reported on are as follows –
- The use of trading funds by States Trading Operations;
- Borrowing;
- Budget transfers (including Economic Stimulus Plan allocations); and
- Carry-forward of revenue balances.
- Use of trading funds
The following Ministerial Decisions on the use of trading funds were taken to 30th June –
- MD-TR-2010-0083 – Transfer of £1.05 million from the Harbours Trading Fund in respect of the St. Aubin Remediation Project.
- MD-TR-2010-0091 – Transfer of £300,000 from Harbours Trading Fund in respect of the Elizabeth East Pier Scour Damage Works.
- Borrowing
- Small Firms Loan Guarantee Scheme
During the 6 month period to 30th June, a loan of £150,000 was guaranteed by the Treasurer of the States under the Small Firms Loan Guarantee Scheme (SFLGS). Under the terms of the Scheme, the Economic Development Department underwrites up to 75% of the value of a loan. As at 30th June 2010, the total amount loaned under the SFLGS was £758,049, of which £568,536 was guaranteed by the States.
- Jersey Student Loan Scheme
The Jersey Student Loan Scheme commenced in September 2007. As at 30th June 2010, 360 students had taken out a loan under the Scheme, and the total amount
borrowed was £895,460. 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 heads of expenditure; and
- Transfers between revenue and capital heads of expenditure.
Budget transfers between departments vary the budgets of individual departments but are net nil in total.
Economic Stimulus Plan allocations are reported separately in section 2.3.4 below.
- Transfers between revenue heads of expenditure
Revenue transfers during the period ended 30th June 2010 are shown in Table 1.
Table 1: Transfers between revenue heads of expenditure
Department | £ | Funding of – | |
To | From | ||
Social Security | H&SS | 995,992 | Boarding-out Budget |
Viscount's | Judicial Greffe | 77,197 | Judicial Greffier salary split |
NMSFB | NMSFB | 927,694 | Court and Case costs 2009* N.B. See table below |
Home Affairs | Social Security | 1,278,552 | Court and Case costs and Police Investigations |
CMD | T&R | 1,713,312 | Resources Department (Procurement/Financial Systems) |
(NMSFB: Non-Ministerial States-funded bodies)
*Transfers between NMSFB were necessary at the end of 2009 to correctly allocate costs. These transfers were effected as a batch with a net nil overall impact on States spending. The table below details all departments involved.
Department | Transfer from £ | Transfer to £ |
Judicial Greffe | 844,141 |
|
Law Officers' Department |
| (879,882) |
Viscount's | 31,683 |
|
Bailiff 's Chambers | 50,375 |
|
Data Protection |
| (11,515) |
Dean of Jersey | 1,495 |
|
Official Analyst |
| (21,295) |
Probation Service |
| (15,002) |
Totals | 927,694 | (927,694) |
- Transfers between capital heads of expenditure
Transfers between existing capital heads of expenditure are shown in Table 2.
Table 2: Transfers between capital heads of expenditure
Department | £ | Funding of – | |
To | From | ||
H&SS | H&SS | 615 | Equipment replacement |
T&R Cap (Property Holdings (P/H)) | H&SS Cap | 2,512,171 | Transfer of Building Projects to ensure correct accounting treatment |
CMD | T&R | 1,288,880 | J.D. Edwards Upgrade and Payroll |
T&TS | T&R Planning Vote | 300,000 | Inert Waste Strategy |
T&R (P/H) | T&R (P/H) | 1,050,000 | Prison – Phase 4 – temporary transfer |
T&R (P/H) | Home Affairs | 6,902,848 | Prison – Phase 2 Redevelopment |
CMD | CMD | 1,281,500 | ISD Projects |
- Transfers between revenue and capital heads of expenditure
Transfers between revenue and capital during the period to 30th June are shown in Table 3.
Table 3: Transfers between revenue and capital heads of expenditure
Department | £ | Funding of – | |
To | From | ||
HA Rev | T&R Cap | 16,101 | GST Implementation |
T&R Cap | T&R Rev | 87,952 | Transfer to align budgeting and accounting treatment |
T&R Rev | T&R Cap | 354,200 | Transfer to align budgeting and accounting treatment |
T&R Rev (P/H) | T&R Cap (P/H) | 211,562 | Indoor market surplus 2009 |
P&E Cap | P&E Rev | 34,000 | Transfer to align budgeting and accounting treatment |
ESC Rev | T&R Cap (P/H) | 403,000 | JCG/Victoria College project works |
H&SS Rev | T&R Contingency | 2,598,540 | End of Reciprocal Health Agreement |
H&SS Rev | T&R Contingency | 315,710 | Williamson recommendations |
P&E Rev | P&E Minor Cap | 30,000 | Reverse previous budget transfer for work not undertaken |
T&R Cap | T&R Rev | 267,305 | Transfer to align budgeting and accounting treatment |
H&SS Rev | H&SS Cap | 181,036 | Transfer to balance Completed Works ledger |
CMD Cap | CMD Rev | 707,933 | Transfer to align budgeting and accounting treatment |
ESC Rev | ESC Cap | 3,106 | Transfer to align budgeting and accounting treatment |
H&SS Rev | T&R Contingency | 170,770 | Historic Child Abuse Enquiry (HCAE) (2009 Q4) |
HA Rev | T&R Contingency | 185,315 | HCAE (2009 Q4) |
Law Officers' Department | T&R Contingency | 168,644 | HCAE (2009 Q4) |
H&SS Rev | T&R Contingency | 1,392,000 | Pandemic Flu preparations |
HA Rev | T&R Contingency | 7,000 | Pandemic Flu preparations |
Department | £ | Funding of – | |
To | From | ||
EDD Rev | EDD Cap | 400,000 | Transfer to align budgeting and accounting treatment |
ESC Rev | T&R Contingency | 370,000 | Jersey Heritage Trust |
CMD Rev | T&R Contingency | 1,577,000 | Integrated Business Improvement Plan |
HA Rev | T&R Contingency | 143,200 | HCAE (2010 Q1) |
Law Officers' Department | T&R Contingency | 71,568 | HCAE (2010 Q1) |
CMD Rev | CMD Cap | 186,000 | HR Transformation Programme |
HA Cap | HA Rev | 10,500 | IT Equipment purchase |
- Economic Stimulus Plan allocations
The States agreed the transfer of £44 million from the Stabilisation Fund to the Consolidated Fund in order to provide funding for the proposed economic stimulus package (P.55/2009 refers).
During the period to 30th June 2010, the Minister approved the re-allocation of £22,088,341 from the Consolidated Fund (see Table 4 below).
Table 4: Economic stimulus budget allocations
Department | £ | Purpose of allocation: |
Housing (Rev) | 70,000 | Heating replacement programme |
T&R (P/H) (Rev) | 2,600,000 | Jersey Hospice Care grant |
ESC (Rev) | 134,900 | Careers Service Strengthening |
EDD (Rev) | 80,000 | St. Aubin's Pier repairs |
TTS (Cap) | 346,792 | Queen's Road to Midvale Road surface water separation project |
TTS (Cap) | 485,155 | Railway Walk foul sewer upgrade |
Housing (Rev) | 210,229 | Door replacement at Les Cinq Chênes and Brighton Close windows |
T&R (P/H) (Rev) | 203,990 | General Hospital asbestos remediation and works on public conveniences and States' owned cafes |
Department | £ | Purpose of allocation: |
CMD (Rev) | 1,550,000 | Finance Industry support |
EDD (Rev) | 867,000 | Finance Industry support |
T&R (P/H) (Rev) | 476,673 | Le Pouquelaye School |
T&R (P/H) (Rev) | 52,500 | Building maintenance works |
Housing (Rev) | 498,708 | Heating Installation Projects – Les Cinq Chênes and St. Peter 's School Estate |
TTS (Cap) | 550,000 | Rozel rising mains upgrade project |
Housing (Rev) | 185,004 | Heating Installation Projects – Vincent Court and Albert Villas |
T&R (P/H) (Cap) | 803,440 | Backlog maintenance projects within States-owned properties |
ESC (Rev) | 620,500 | Highlands College additional full-time student places |
T&R (Rev) | 100,000 | Programme management costs |
TTS (Cap) | 400,000 | Cheapside Urban Renewal |
T&R (P/H) (Rev) | 235,020 | McKinstry Ward project |
Housing (Rev) | 1,046,855 | Backlog maintenance projects at Social Housing Estates |
Housing (Cap) | 8,137,962 | Le Squez development project, Phase 2a |
Housing (Rev) | 637,000 | Building maintenance works at Social Housing Estates |
EDD (Rev) | 100,000 | Finance Industry support |
ESC (Rev) | 966,613 | Advance to Work scheme and new skills initiative for the 20+ |
EDD (Rev) | 230,000 | Jersey Finance Ltd. grant 2011 |
EDD (Rev) | 500,000 | Multi-media marketing campaign |
Total | £22,088,341 |
|
- Carry-forwards
Total 2009 Year End Carry-forwards of £5,812,205 were approved by the Minister (MD-TR-2010-0067), following discussions with the Council of Ministers (Table 5 below refers).
Table 5: Carry-forwards
Department | Approved amount |
| £ |
Chief Minister's | 418,900 |
EDD | 796,840 |
ESC | 1,159,000 |
HSS | 1,742,060 |
Home Affairs | 311,951 |
Housing | 776,500 |
P&E | 76,342 |
Social Security | 100,000 |
TTS | 133,871 |
T&R | 100,000 |
NMSFB | 196,741 |
States Assembly | 0 |
Total | £5,812,205 |