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STATES OF JERSEY
FINANCE LAW DELEGATION REPORT FOR THE 6 MONTH PERIOD ENDED 30TH JUNE 2014
Presented to the States on 17th December 2014 by the Minister for Treasury and Resources
STATES GREFFE
2014 Price code: B R.179
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 30th June 2014. 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 –
- The use of trading funds by States Trading Operations;
- Borrowing;
- Budget transfers; and
- Carry forward of revenue balances from 2013.
- Use of trading funds
The following Ministerial Decision on the use of trading funds was approved in the 6 month period that ended 30th June 2014 –
- MD-TR-2014-0054 – Historic Harbour Cranes upgrades and replacement (£350,000).
- Borrowing and lending
- Jersey student loan scheme
During the 6 month period to 30th June 2014, 27 new loans with a collective value of £40,845.41 were guaranteed by the Treasurer of the States under the Jersey Student Loan Scheme. As at 30th June 2014, the total amount loaned under the Jersey student loan scheme was £2,224,162.52. Terms with the intermediaries require the States of Jersey to underwrite 100% of the value of the loans.
- Pilot Starter Home Deposit Loan Scheme
During the 6 month period to 30th June 2014, 19 new loans with a value of £826,814 were issued. The last loan was issued on 23rd May 2014 with the pilot scheme now finished. As of this date, the total amount loaned under this scheme was £2,414,114.
- Lending
A new loan was approved to a fee-paying non-provided school on 30th January 2014 for £500,000.
- Infrastructure Investments
The Parish of Trinity Infrastructure Investment of £6 million was repaid in full.
- Budget transfers
Articles 17 and 18 of the Public Finances (Jersey) Law 2005 permit contingency expenditure and variations between heads of expenditure with the approval of the Minister.
Budget transfers under Articles 17 and 18 of the Public Finances (Jersey) Law 2005 are reported on the following basis –
- transfers from contingency expenditure to heads of expenditure;
- transfers between revenue heads of expenditure;
- transfers between capital heads of expenditure;
- transfers between revenue and capital heads of expenditure;
- transfers between revenue and capital heads of expenditure where the transfer is required in order to comply with Generally Accepted Accounting Principles (GAAP).
All transfers between departments vary the budgets of individual departments but are net nil in total.
- Transfers from contingency expenditure to heads of expenditure
Transfers from contingency expenditure to heads of expenditure during the 6 month period to 30th June 2014 are shown in the following table –
Department | £ | Funding of: | |
To: | From: | ||
*Chief Minister (CMD) | Contingency (Pay Provision) | 539,900 | States Pay Awards for 2014 – 4% Consolidated |
*Economic Development (EDD) | 140,900 | ||
*Education, Sport and Culture (ESC) | 3,684,900 | ||
*Health and Social Services (H&SS) | 5,032,000 | ||
*Home Affairs (HA) | 1,397,100 | ||
*Housing | 108,700 | ||
*Department of the Environment (DoE) | 279,600 | ||
*Social Security (SSD) | Contingency (Pay Provision) | 250,600 | States Pay Awards for 2014 – 4% Consolidated |
*Transport and Technical Services (TTS) | 804,600 | ||
*Treasury and Resources (T&R) | 555,000 | ||
* Bailiff 's Chamber (BC) | 34,500 | ||
*Law Officers' Department (LOD) | 191,700 | ||
*Judicial Greffe (JG) | 93,500 | ||
*Viscount's Department (VD) | 40,400 | ||
*Official Analyst (OffA) | 18,000 | ||
*Office of the Lieutenant Governor (LG) | 23,900 | ||
*Data Protection Commission (DPC) | 8,400 | ||
*Probation Department (PD) | 68,000 | ||
*States Assembly and its Services | 56,400 | ||
*Grant to the Overseas Aid Commission | 3,100 | ||
States Assembly | Contingency | 6,000,000 | Committee of inquiry into Historical Child Abuse |
*CMD cap | Provision for restructuring | 2,240,000 | Public Sector Reform Programme |
*EDD rev | Contingency | 267,030 | Financial support for cattle exports and trade in bovine embryos |
Provision for Restructuring | CMD rev | 225,223 | Procurement savings |
EDD rev | 177,136 | ||
ESC rev | 177,957 | ||
H&SS rev | 750,000 | ||
HA rev | 120,414 | ||
Housing rev | 129,538 | ||
DoE rev | 11,860 | ||
SSD rev | 16,395 | ||
TTS rev | 91,579 | ||
T&R rev | 1,584,898 | ||
BC | 6,854 | ||
LOD | 45,844 | ||
JG | 57,182 | ||
VD | 3,003 | ||
OffA | 1,971 | ||
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Department | £ | Funding of: | |
To: | From: | ||
| LG | 1,295 |
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DPC | 241 | ||
PD | 2,795 | ||
C&AG | 9,291 | ||
States Assembly | 37,824 | ||
ESC rev | Contingency | 325,629 | Mont Orgueil Castle's Gates |
*ESC rev | Contingency | 315,000 | Jersey Heritage Trust |
CMD rev | Contingency | 750,000 | Implementation of Freedom of Information |
ESC rev | Contingency | 37,155 | Backfill for Prince's Trust |
** Bailiff 's Chamber rev | Contingency | 167,000 | WW1 Centenary Anniversary |
T&R – Insurance | Contingency Insurance | 911,969 | HCAE costs |
Total transfers | 27,796,283 |
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* Decisions with multi-year budget transfers for 2014 and 2015. The budget transfer for 2014 is reflected above, with the budget transfer for 2015 reflected under 2.3.6.
** Decision with multi-year budget transfers for 2014 to 2018. The budget transfer for 2014 is reflected above, with the budget transfers for 2015 to 2018 reflected under 2.3.6.
- Transfers between revenue heads of expenditure
Revenue transfers during the 6 month period to 30th June 2014 are shown below –
Department | £ | Funding of: | |
To: | From: | ||
HA | H&SS | 50,000 | Independent Domestic Violence Advisers |
Bailiff 's Chambers | Judicial Greffe | 116,461 | Court and case costs |
Law Officers' Department | 99,573 | ||
Viscount's Department | 21,737 | ||
Officer of the Lieutenant Governor | 16,374 | ||
Treasury and Resources | 227,160 | ||
States Assembly | CMD | 31,000 | IT provision for States Members |
Treasury and Resources (JPH) | ESC | 8,110 | Les Creux Country Park |
Total transfers | 570,415 |
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- Transfers between capital heads of expenditure
Transfers between existing capital heads of expenditure during the 6 month period to 30th June 2014 are shown below –
Department | £ | Funding of: | |
To: | From: | ||
TTS | T&R (JPH) | 1,252,000 | Fiscal Stimulus and Parish Improvements |
H&SS Main Theatre Upgrade | H&SS New Maternity Theatre | 1,494,000 | Amalgamation of the two heads of expenditure |
TTS Sludge Thickener cap | TTS Infrastructure cap | 4,479,000 | Sludge Thickener Project |
TTS Sewage Treatment Works cap | 51,094 | ||
Ports of Jersey Elizabeth Harbour remedial works | Ports of Jersey Port Crane | 97,067 | Elizabeth Harbour remedial project |
Total transfers | 7,373,161 |
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- Transfers between revenue and capital heads of expenditure
Transfers between revenue (rev) and capital (cap) during the 6 month period to 30th June 2014 are shown below –
Department | £ | Funding of: | |
To: | From: | ||
CMD rev | T&R Corporate Contingency | 40,000 | Caring Hands Limited |
CMD rev | T&R Corporate Contingency | 180,000 | Governmental Regulatory Framework Review |
Housing rev | Housing cap | 1,908,619 | Settlement of PECRS debt |
H&SS rev | T&R Corporate Contingency | 40,000 | Third Sector Forum |
HA minor cap | HA rev | 106,219 | HA projects (covert monitoring post; custody suite; Shelter drunk and incapable unit and CCTV) |
HA Biometric passport cap | HA rev | 127,000 | Biometric passport project |
Public Markets maintenance cap | T&R (JPH) rev | 139,211 | Public Market Surplus |
Official Analyst cap | Official Analyst rev | 240,000 | New Equipment |
CMD rev | T&R Corporate Contingency | 44,000 | New Jersey Photographic Project |
Total transfers | 2,825,049 |
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- 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 30th June 2014 are shown in the following table –
Department | £ | Funding of: | |
To: | From: | ||
TTS cap | TTS rev | 29,566 | Road Panel in Trinity Hill |
HA cap | HA rev | 31,910 | Development of a database for the Jersey Fire and Rescue Service |
T&R (JPH) cap | T&R (JPH) rev | 13,999 | Purchase of a replacement plotter |
Judicial Greffe cap | Judicial Greffe rev | 87,988 | Software Purchases |
Viscount's Department cap | Viscount's Department rev | 318,334 | |
Data Protection cap | Data Protection rev | 50,000 | |
Probation cap | Probation rev | 187,400 | |
TTP and IT Systems cap | T&R rev | 30,000 | Procurement to TTP and IT Systems |
TTS rev | TTS Waste: Ash Pit La Collette cap | 1,550,000 | Trial exportation of the Island's ash residue |
TTS Infrastructure cap | TTS rev | 500,000 | Parish Improvements |
ESC rev | ESC School ICT cap | 1,750,000 | IT Strategy |
T&R cap | T&R rev | 582,160 | Income Tax Software Development |
Total transfers | 5,131,357 |
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- Transfers over multiple years between various heads of expenditure
Multi-year transfers between the various heads of expenditure during the 6 month period to 30th June 2014 are shown below –
Department | £ | Funding of: | Transfer between heads of expenditure | Year(s) of transfer | |
To: | From: | ||||
*Departments | Contingency | 13,331,200 | Recurring effect of the 4% Consolidated Pay Award from 2014 for all States Departments | Contingency to revenue heads of expenditure | 2015 |
*CMD | Provision for restructuring | 4,913,000 | Public Sector Reform Programme | Contingency to capital head of expenditure | 2015 |
*EDD rev | Contingency | 71,515 | Financial support for cattle exports and trade in bovine embryos | Contingency to revenue head of expenditure | 2015 |
Department | £ | Funding of: | Transfer between heads of expenditure | Year(s) of transfer | |
To: | From: | ||||
*ESC rev | Contingency | 315,000 | Jersey Heritage Trust | Contingency to revenue head of expenditure | 2015 |
*ESC rev | ESC School ICT cap | 1,250,000 | IT Strategy | capital to revenue head of expenditure | 2015 |
** Bailiff 's Chamber rev | Contingency | 298,000 | WW1 Centenary Anniversary | Contingency to revenue head of expenditure | 2015 – 2018 |
Total transfers | 20,178,715 |
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* Decisions with multi-year budget transfers for 2014 and 2015. The budget transfer for 2015 is reflected above, with the budget transfer for 2014 reflected on the relevant section on the body of the report.
** Decision with multi-year budget transfers for 2014 to 2018. The budget transfer for 2015 to 2018 is reflected above, with the budget transfers for 2014 on the relevant section on the body of the report.
- Carry Forward
Departments' carry forwards were dealt with in Ministerial Decision MD-TR-2014- 0011.