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WRITTEN QUESTION TO THE MINISTER OF TREASURY AND RESOURCES BY THE CONNÉTABLE OF ST HELIER
ANSWER TO BE TABLED ON TUESDAY 11th SEPTEMBER 2007
Question
Would the Minister give a detailed breakdown of how funds allocated for the construction of the Millennium Town Park have been managed since the inception of the project, including interest accrued on these funds? Would he also state whether the sum of £500,000 from these funds has recently been allocated by the Council of Ministers to the Transport and Technical Services Department for landscaping works on Victoria Avenue, to be repaid at a later date, and, if so, would he give a full explanation?
Answer
I attach below a breakdown of the Town Park funds to date. I can also confirm that agreement has been reached with the Ministers for Transport and Technical Services and Housing to facilitate a £500,000 scheme for improvements and landscaping on Victoria Avenue in 2007, which will then be repaid in 2011. I can advise that the temporary transfer of funds from the Town Park project was only considered after it was confirmed that this would have no effect on the timescale for delivery of the scheme.
| Amount £000s | Comments |
Approved Budget |
|
|
Millennium Fund Capital Allocation (1998) | 1,228 | Part of £2m total allocation |
Planning Vote Allocation (2005) | 190 | Approved by Finance and Economics Committee 27/1/05 |
Capital Allocation (2007) | 800 | States Annual Business Plan 2007 – 2011 (September 2006) |
Funds Available to date | 2,218 |
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|
Proposed Additional Budget Allocation |
|
|
Inflation re Millennium Allocation | 400 | Inflation approved in principle by Finance and Economics Committee 27/1/05 - amount to be confirmed |
Transfer to Victoria Avenue Scheme | (500) | Agreed by Council of Ministers |
Proposed Capital Programme 2009 | 2,000 | Draft States Annual Business Plan 2008 - 2012 |
Proposed Capital Programme 2011 | 500 | Draft States Annual Business Plan 2008 - 2012 |
Total Proposed Budget | 4,618 |
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Expenditure to 7/9/2007 | 509 | Feasibility studies, ground investigation works, etc. |
Balance Available | 4,109 |
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