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Medium Term Financial Plan 2013 – 2015 (P.69/2012): ninth amendment (P.69/2012 Amd.(9)) – amendment (P.69/2012 Amd.(9)Amd.) – comments.

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STATES OF JERSEY

MEDIUM TERM FINANCIAL PLAN 2013 – 2015 (P.69/2012):

NINTH AMENDMENT (P.69/2012 Amd.(9)) – AMENDMENT (P.69/2012 Amd.(9)Amd.) – COMMENTS

Presented to the States on 6th November 2012 by the Corporate Services Scrutiny Panel

STATES GREFFE

2012   Price code: B  P.69 Amd.(9)Amd.Com.

COMMENTS

  1. The Corporate Services Scrutiny Panel has lodged 2 amendments to the draft Medium Term Financial (MTFP). One seeks to establish a growth allocation within the MTFP as envisaged in the Public Finances (Jersey) Law 2005. The second  seeks  the  development  of  a  performance-monitoring  and  reporting framework for the MTFP.
  2. The Council  of  Ministers  has  lodged  an  amendment  to the  Panel's  first amendment  and  has  presented  comments  on  the  second  amendment.  The Chief Minister has subsequently lodged an amendment to the Council's own amendment.
  3. In light of these developments, the Panel asked the Chartered Institute of Public  Finance  and  Accountancy  (CIPFA)  to consider  the  Council's amendment (and that of the Chief Minister) and the Council's comments. CIPFA acted as expert advisors to the Corporate Services (MTFP) Sub-Panel during its review of the draft MTFP. CIPFA has provided the Panel with a subsequent report and the Panel has agreed that Members should be made aware of CIPFA's advice.

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Statement under Standing Order 37A [Presentation of comment relating to a proposition]

These comments were forwarded to the States Greffe later than noon on Friday 2nd November 2012 as the Council of Ministers lodged its amendment to the Panel's amendment  on  30th  October  2012  and  the  Panel  was  made  aware  of  the  Chief Minister's  amendment  to that  amendment  on  1st  November  2012. The  Council's comments were subsequently presented to the States on 2nd November 2012. In order to allow CIPFA sufficient time to review these documents and to report back to the Panel, the Panel was therefore unable to present these comments earlier.

 

31 October - Amendment lodged by the Council of Ministers on 30 October

Rationale for Amendment

Basis for Counter Amendment

Rolling MTFP?

Certainty and Stability

VfM Culture and Climate on Uncertainty

Optimal Procurement

Jersey Law

Reporting Enhancements

Improved Transparency on Growth Bids

Overall Performance Reporting on the MTFP?

 

 

 

 

 

 

Rebalancing Decisions