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STATES OF JERSEY
BUDGET MANAGEMENT REPORT FOR THE PERIOD ENDED
31ST DECEMBER 2011
Presented to the States on 3rd July 2012 by the Minister for Treasury and Resources
STATES GREFFE
2012 Price code: B R.88
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 all decisions made during the 6 month period to 31st December 2011, the majority of which have been previously published. Where decisions have not previously been published, this is due to one of 2 reasons –
- The decisions were exempted under the States of Jersey (SoJ') Code of Practice on Public Access to Official Information; or
- The decisions were taken by the Treasurer of the States under delegated authority from the Minister.
- Reporting on decisions
The areas of administration which are to be reported on are as follows –
- Borrowing; and
- Budget transfers.
- Borrowing
2.1.1 Jersey Student Loan Scheme
The Jersey Student Loan Scheme commenced in September 2007. As at 31st December 2011, 573 students had taken out a loan under the Scheme, and the total amount borrowed was £1,653,297. Terms with the intermediaries require the States of Jersey to underwrite 100% of the value of the loan.
- Budget transfers
Article 15(1)(a) of the Public Finances (Jersey) Law 2005 (superseded on 1st January 2012 by Article 18(1)) states that all or any part of the amount appropriated by a head of expenditure may, with the approval of the Minister, be used for the purposes of another head of expenditure.
Budget transfers under Article 15(1)(a) are reported on the following basis –
- Transfers between revenue heads of expenditure;
- Transfers between capital heads of expenditure;
- Transfers between revenue and capital heads of expenditure; and
- Transfers between revenue and capital heads of expenditure where the transfer is required in order to comply with Generally Accepted
Accounting Principles (GAAP).
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 6 month period to 31st December 2011 are shown below:
Department | £ | Funding of – | |
To: | From: | ||
T&R (JPH) | H&SS | 770,000 | Enabling works in advance of ICU refurbishment |
CMD | EDD | 160,200 | Regulation of Undertakings and Development Law |
H&SS | Home Affairs | 37,000 | Implementation of Sex Offenders legislation |
Probation | Homes Affairs | 89,400 | Implementation of Sex Offenders legislation |
ESC | T&R | 616,700[1] | Restructuring provision – 2nd Tranche (decision amends MD-TR-2011-0039) |
Home Affairs | T&R | 4,478 | Transfer of FTE and budget to Police |
Home Affairs | T&R | 29,000 | Restructuring provision |
T&R Contingency | H&SS | 22,370 | Transfer of HCAE legal fees |
Judicial Greffe | T&R Contingency | 78,588 | Return of incorrectly identified VR clawback |
Data Protection Registry | Law Officers' Department | 25,000 | To fund budget shortfall |
Judicial Greffe | Viscount's Department | 44,143 | To fund budget shortfall |
Bailiff 's Chambers | Law Officers' Department | 6,200 | Court and Case Costs |
Judicial Greffe | Law Officers' Department | 112,755 | Court and Case Costs |
Office of the Lieutenant Governor | Law Officers' Department | 28,205 | Court and Case Costs |
| Total: | 2,024,039 |
|
- Transfers between capital heads of expenditure
Transfers between existing capital heads of expenditure during the 6 month period to 31st December 2011 are shown below:
Department | £ | Funding of – | |
To: | From: | ||
T&R (IS Migration Control) | T&R (IS Rolling Vote) | 565,000 | Replacement of Information Services (IS) systems in Population Office |
Home Affairs (Fire and Rescue Minor Capital) | Home Affairs (Fire Radio Communications) | 14,063 | Inshore Rescue Boat for Fire Service |
Home Affairs (Prison Control Room) | T&R (JPH) (Prison Phase III) | 170,887 | Prison Control Room |
TTS (Phillips Street Shaft) | Central Planning Vote | 500,000 | Phillips Street feasibility and project design |
TTS (Eastern Cycle Network) | TTS (Infrastructure Contingency) | 82,000 | Eastern Cycle Network |
T&R (JPH) (ICU Upgrade) | Central Planning Vote | 50,000 | Intensive Care Unit |
T&R (JPH) (New Maternity Theatre) | Central Planning Vote | 20,000 | Maternity Theatre and Special Care Baby Unit |
T&R (JPH) (Main Theatre Upgrade) | Central Planning Vote | 300,000 | Upgrade of Main Theatres |
T&R (JPH) (Clinique Pinel Upgrade) | Central Planning Vote | 20,000 | Clinique Pinel Upgrade |
T&R (JPH) (Limes Upgrade) | Central Planning Vote | 200,000 | Limes Upgrade |
T&R (Web Development Project and JDE Development and Upgrade Project) | T&R (IS Rolling Vote and FISS Phase III) | 299,303 | Web Development Project and JDE Development and Upgrade Project |
Home Affairs (Various Minor Capital Heads of Expenditure) | Home Affairs (Various Capital Heads of Expenditure) | 104,897 | Unspent balances on capital projects to Minor Capital |
| Total: | £2,326,150 |
|
- Transfers between revenue and capital heads of expenditure
Transfers between revenue (Rev) and capital (Cap) during the 6 month period to 31st December are shown below:
Department | £ | Funding of – | |
To | From | ||
T&R Contingency | ESC Rev | 2,159 | Unspent HCAE funding |
Home Affairs Rev | T&R Contingency | 122,110 | HCAE Q1&Q2 2011 |
T&R Contingency | States Assembly Rev | 113,236 | Return of VR savings |
Housing Rolling Vote | Housing Rev | 415,224 | Refurbishment of La Collette high-rise lifts |
T&R Rev | T&R Contingency | 71,500 | KPMG Consultancy work on long-term funding for H&SS |
Airport Rev | Airport Cap | 370,000 | Additional funding for Arrivals Demolition |
H&SS Rev | T&R Contingency | 20,000 | Third Sector Forum |
T&R Rev | T&R Contingency | 10,000 | Electricity Cable to the La Folie site |
H&SS Rev | T&R Contingency | 53,000 | Pandemic Flu reimbursements |
T&R Rev | T&R Contingency | 166,168 | Assist achievement of savings in Taxes Office |
TTS Cap | TTS Rev | 100,000 | Southern Cycle Track |
T&R Contingency | T&R Contingency Rev | 176,279 | Transfer of Special Funds Balance additional income |
T&R Rev | T&R Contingency | 20,000 | States Training Needs |
Central Reserve | T&R Cap | 5,000,000 | Insurance accumulated surplus to Central Reserves |
T&R (JPH) Cap | T&R (JPH) Rev | 500,000 | Application of Donation to Renal Dialysis Unit |
EDD Rev | Central Reserve | 450,000 | Grant to Tourism Development Fund |
T&R (JPH) Cap | Home Affairs Rev | 415,000 | Prison Redevelopment Masterplan – teaching facilities, etc. |
EDD Rev | T&R Contingency | 6,380 | Interim Security at the Skateboard Park |
Department | £ | Funding of – | |
To | From | ||
T&R Contingency | H&SS Rev | 653,630 | Transfer of budget for legal fees |
T&R (JPH) Cap | ESC Rev | 324,100 | Victoria College and VCP improvement works |
T&R (JPH) Cap | ESC Rev | 100,000 | Academy Restaurant Kitchens at Highlands |
T&R Contingency | H&SS | 166,036 | Return of VR funding not required |
EDD Rev | T&R Contingency | 3,881 | Interim Security at the Skateboard Park |
T&R (JPH) Cap | T&R (JPH) Rev | 177,101 | Indoor Market Surplus |
| Total: | 9,435,804 |
|
- Transfers between revenue and capital heads of expenditure where the transfer is required in order to comply with Generally Accepted Accounting Principles (GAAP)
The States of Jersey implemented Generally Accepted Accounting Principles (GAAP) in 2009. GAAP accounting requires that expenditure should be accounted for as capital only if it meets the GAAP accounting definition of capital expenditure, and as revenue otherwise.
GAAP transfers between revenue (Rev) and capital (Cap) during the 6 month period to 31st December 2011 are shown below:
Department | £ | Funding of – | |
To | From | ||
T&R Rev | T&R Cap | 154,000 | Training and Development within HR |
Airport Rev | Airport Cap | 90,000[2] | Working at Height & H&S requirements |
DoE Cap | DoE Rev | 122,750 | Process Improvement Plan |
TTS Cap | TTS Rev | 447,722 | Asbestos Cell |
TTS Rev | TTS Cap | 86,994 | In-Vessel Composting costs |
Home Affairs Cap | Home Affairs Rev | 10,050 | Customs & Immigration – specialist equipment |
Home Affairs Cap | Home Affairs Rev | 350,000 | States of Jersey Police – specialist equipment |
Home Affairs Cap | Home Affairs Rev | 257,875 | Jersey Field Squadron – equipment requirements |
Home Affairs Cap | Home Affairs Rev | 100,000 | Biometric Passports New Generation Project |
TTS Cap | TTS Rev | 231,000 | Sustainable Transport Policy |
Home Affairs Rev | Home Affairs Cap | 26,692 | JCIS – specialist vehicle equipment |
Home Affairs Rev | Home Affairs Cap | 1,218,102 | TETRA |
Official Analyst Cap | Official Analyst Rev | 24,937 | Purchase of a fixed asset |
TTS Cap | TTS Rev | 112,880 | Waste Operations |
Department | £ | Funding of – | |
To | From | ||
H&SS Rev | H&SS Cap | 474,099 | ICR Project |
ESC Cap | ESC Rev | 19,725 | Highlands College Performance Management Software |
CMD Rev | CMD Cap | 394,778 | Various ICT projects |
ESC Cap | ESC Rev | 20,000 | Wooden Shelter at St. Clement 's School |
| Total: | 4,141,604 |
|