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WRITTEN QUESTION TO THE MINISTER FOR TREASURY AND RESOURCES BY THE DEPUTY OF ST. PETER
ANSWER TO BE TABLED ON TUESDAY 30th NOVEMBER 2010
Question
What are the total budgeted amounts for 2011, 2012 and 2013 in respect of the central reserves, departmental reserves (by individual departments) and any other contingency or provision included within the 2011, 2012 and 2013 expenditure figures?
What are the cash balances for the Consolidated Fund, Stabilisation Fund and any other fund (or cash equivalent) as at the 30th September 2010 and projected for 31st December 2010?"
What are the values of the Strategic Reserve and any other reserves as at 30th September 2010 and projected for 31st December 2010?
Answer
Central Reserves
The total budgeted amounts for central reserves and restructuring provision, as set out in Summary Table A in the Draft Budget 2011 (P157/2010) , are as follows:
2011 (approved) £'000
Provision for Restructuring 6,000 Provision for Central Reserves 8,862
2012 2013 £'000 £'000
10,000 10,000 13,000 17,000
All departments are encouraged to maintain their own departmental contingencies where possible. Should a department request funds from the central reserve, they will have to demonstrate that they have explored all reasonable means including reprioritisation of existing department funds and contingencies before a request for central funding is considered.
Cash Balances
Detailed in the table below are the cash and cash equivalent balances of the Consolidated Fund, Stabilisation Fund, Strategic Reserve, Social Security Reserve and Health Insurance Fund as at 30th September 2010. The cash balances for these funds as at 31st December 2010 have also been estimated in the table below.
Cash Balances £ million |
| |||
30/09/2010 | Forecast[1] 31/12/2010 | |||
Consolidated Fund[2] | 175 | 200 | ||
Stabilisation Fund[3] | 114 | 46 | ||
Strategic Reserve | 40 | 40 | ||
Social Security Reserve | 213 | 213 | ||
Health Insurance Fund | 43 | 43 | ||
Strategic and other Reserves
The total value of funds under investment in the States reserves as at 30th September 2010 and 31st December 2010 are detailed in the table below.
Funds under Investment £ million | ||||
30/09/2010 114 | Forecast1 31/12/2010 46 | |||
Strategic Reserve | 574 | 574 | ||
Social Security Reserve | 782 | 782 | ||
Health Insurance Fund | 79 | 79 | ||
There are also a number of smaller funds with specific purposes; details of these can be found within the States of Jersey accounts.