Author and Job Role: Kelvin Menon – Treasurer
Protective Marking: OFFICIAL
Executive Summary:
The Financial Monitoring report for the 9 months to December 2023 shows that Surrey Police Group is estimated to be £1.0m under budget by the end of financial year based on performance so far. This is using an approved budget of £292.8m, which includes additional grant for pay awarded during the year. Capital is predicted to be £4.4m underspent due to the timing of various projects.
Financial Regulations state that all budget virements over £0.5m must be approved by the PCC. These are included within this decision notice.
Background
Revenue Forecast
The total budget for Surrey is £288.5m for 2023/24, against this the forecast outturn position is £287.2m resulting in an estimated underspend of £1.0m.
| Total 2023/24 Budget £m | Total 2023/24 Outturn £m | Variance £m | |
| 2023/24 Budget | 292.8 | 290.2 | 2.6 |
| Funding | (292.8) | (291.2) | (1.6) |
| Grand Total | (0.0) | (1.0) | (1.0) |
Wages and overtime are over budget due to the 7% increase in Police pay and more covering of vacancies. However, this has been offset by overachievement fo savings and additional income, mainly Op safeguard. Rather than using reserves to fund transformation the in-year revenue budget was used instead which meant that reserves funding was not required resulting in an underspend against budget. There has also been additional funding for 10 additional uplift officers. Funding is under budget.
At the 31st of December Police Officers number were above the Uplift target and so there was no clawback of uplift grant anticipated.
Capital Forecast
The capital plan is forecast to underspend by £4.4m against an agreed budget of £21m. In respect of the variance £1.9m is due to slippage in the housing strategy and £1m for transformation projects. A further £1m relates to other estates work being done in the following year and vehicle supplies.
Revenue Virements
Per financial regulations only virements over £500k need approval from the PCC. These are set out below for the period to December 2023:
| Virements over £500m | Month | PCC for Surrey £000 | Funding £000 | Non-Delegated £000 | Commercial and Financial Services £000 | DDAT £000 |
| HO Pay award Grant | Oct | (4,271) | 4,271 | |||
| HO Pay Award Budget | Oct | 3.237 | (3,237) | |||
| DDaT Establishment – Supplies and Services | Nov | (1,101) | ||||
| DDaT Establishment – Police Staff | Nov | (1,101) | ||||
| OPCC Grant Income – Victim Services | Nov | (1,151) | ||||
| OPCC Grants for Victims commissioned services | Nov | (1,151) |
Capital Virements
Per financial regulations only virements over £500k need approval from the PCC. There are none over this level in the Qtr to 31st December 2024
Recommendation:
I note the financial performance as of the 31st of December 2024 and approve the virements as set out above.
Police and Crime Commissioner approval:
Signature: Police and Crime Commissioner Lisa Townsend (wet signed copy held at PCC office)
Date: 19 February 2024
All decisions must be added to the decision register.
Areas of consideration
Consultation
None
Financial implications
These are set out in the paper above.
Legal
None
Risks
None
Equality and diversity
None
Risks to human rights
None