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1240/5(4762)
WRITTEN QUESTION TO THE MINISTER FOR TREASURY AND RESOURCES BY SENATOR B.E. SHENTON
ANSWER TO BE TABLED ON TUESDAY 6th OCTOBER 2009
Question
"What is the value of the assets transferred to the Waterfront Enterprise Board (WEB) based on the most recent valuation?
What cash amounts have been transferred to WEB since its formation?
What dividends or other monies have been paid to the Treasury by WEB since its formation?
Given that in the report accompanying P.40/1997 it states that the ownership of the car park, and the income from it, was to be transferred back to the States on completion, why has this proposition not yet been adhered to?"
Answer
- This is being researched and theresponsewillbe provided in a written answer for the States sitting on20 October 2009.
- The cashamounts granted toWEBsince incorporation are asfollows:-
Year to Revenue Capital Capital Notes
£ £ £
31-Dec-97 461,000 -
31-Dec-98 440,000 1,140,500 Tourism Investment Fund 31-Dec-99 480,630 75,000 Urban Renewal Fund 31-Dec-00 602,010 10,900,000 Tourism Investment Fund 31-Dec-01 639,300 -
31-Dec-02 638,100 -
31-Dec-03 111,100 -
31-Dec-04 463,100 -
31-Dec-05 309,100 -
31-Dec-06 156,500 -
31-Dec-07 71,900 -
31-Dec-08 - -
Total 4,372,740 12,115,500
Rev & Cap Total 16,488,240
- This is being researched and theresponsewillbe provided in a written answer for the States sitting on20 October 2009.
- The Waterfront Car Park has been retained byWEB in order to offset revenues against costs maintaining and running theWaterfront estate. The revenues are also used tomaintain the roads that await adoption bythe Parish of StHelierwhichisdue to take place once the West ofAlbertphaseofdevelopment is complete.
It is planned to conduct a full review of all the assets owned by WEB if or when responsibility for JDC is transferred to the Treasury and Resources Department.
In the interim the Senator will find attached to the answer relevant extracts from the most recent Financial Report and Accounts.