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Letter - to Minister for Treasury and Resources re Financial Information - 7th September 2020

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States Greffe: Scrutiny

Deputy Susie Pinel

Minister for Treasury & Resources

By email

7th September 2020 Dear Minister

Corporate Services Scrutiny Panel

COVID-19 Response and Recovery Review – Financial Information

Firstly, the Panel would like to thank you and relevant officers for providing weekly COVID-19 financial position reports during the pandemic. Although these reports have been useful in tracking allocation amounts made through Ministerial and Delegated Decisions,  as well as monitoring the standing balances of the General Reserve, Stabilisation Fund and Strategic Reserve, further information is required for our scrutiny purposes.

The Panel would like to request an update of actual spending to date, as well as forecast expenditure to the end of 2020 for the areas of expenditure of each Ministerial Decision which related to COVID-19 funding. It would be useful if, for each of these spending areas, it can be highlighted where expenditure has been funded through Ministerial Decision or through existing Departmental budget.

The Panel would also request that the Decision Summary and Written Reports be forwarded for the following Ministerial Decisions:

MD-TR-2020-0030 Disruption Guarantee Scheme

MD-TR-2020-0054 Jersey Business Disruption Loan Guarantee Scheme: Amendment to exclusions

MD-TR-2020-0055 Transfer from Stabilisation Fund to Consolidated Fund and approval of spending from the General Reserve

MD-TR-2020-0083 Changes to guidance for Co-funded Payroll Scheme phase 2

In addition, the Panel requests that the business cases for the following Ministerial Decisions be provided:

MD-TR-2020-0040 Allocation of Reserve Funding to HCS in 2020 for GP costs due to the impact of COVID-19

MD-TR-2020-0096 Allocation of Reserve Funding to CYPES to enable funding to be provided to schools for refunding parents and guardians for cancelled school trips

MD-TR-2020-0100 Extension of CFPS - Phase 3

Finally, the Panel would like to request a copy of the formal advice given to the Minister from advisory panels in relation to the COVID-19 Fiscal stimulus packages, liquidity ladder and the revolving  credit  facility.  It  would  also  be  helpful  to  the  Panel  if  they  could  receive  the procurement arrangements around the revolving credit facility. This will of course be received in confidence if required.

I look forward to your response and would appreciate it if this could be received by Monday 21st September 2020.

Yours sincerely

Senator Kristina Moore

Chair, Corporate Services Scrutiny Panel