Police and Crime Commissioner for Surrey – Decision Making Record
Report Title: 2nd Quarter 2020/21 Financial Performance and Budget Virements
Decision number: 52/2020
Author and Job Role: Kelvin Menon – Treasurer
Protective Marking: OFFICIAL
The Financial Monitoring report for the 2nd Quarter of the financial year shows that Surrey Police Group is predicted to be £0.7m under budget by the end of March 2021 based on performance so far. This is based on an approved budget of £250m for the year. Capital is predicted to be £2.6m underspent depending on the timing of projects.
Financial Regulations state that all budget virements over £0.5m must be approved by the PCC. These are set out in Appendix D of the attached report.
Now that we are half way through the financial year the indications are that the Surrey Police Group will remain within budget for the 2020/21 financial year and potentially have a small underspend. This is after absorbing £2.3m of non-reimbursed Covid costs. Although there are some areas that are overspent, such as overtime this is offset by underspends elsewhere in the budget.
Capital is predicted to be £2.6m underspent however it is likely that this will be larger as expenditure so far has been £3.5m against a budget of £17.0m. However rather than projects being cancelled they are more likely to slip in to the following year.
The budget virements requested are set out in Appendix D and mainly relate to the reanalysis of staffing costs within the budget
Police and Crime Commissioner Approval
I note the financial performance as at the 330th September 2020 and approve the virements set out in Appendix 4 of the attached report.
Signature: David Munro
Date: 17th November 2020
All decisions must be added to the decision register.
Areas of consideration
These are set out in the paper (available on request)
As it is early in the year there is a risk that the predicted financial outturn could change as the year progresses
Equality and diversity
Risks to human rights