Decision Log – 004/2021 Month 8 2020/21 Financial Performance and Budget Virements

Report Title: Month 8 2020/21 Financial Performance and Budget Virements

Helu hoʻoholo: 004/2021

Ka Mea kākau a me Job Role: Kelvin Menon – Puuku

Māka pale: KUPIIU

Māhele Summary:

The Financial Monitoring report for the period ending the 30^th November 2020 shows that Surrey Police Group is predicted to be £0.6m under budget by the end of March 2021 based on performance so far. Capital is predicted to be £1.2m underspent, the same as last month, however this will depend on the timing of projects.

'Ōlelo nā Hoʻoponopono Waiwai e pono e ʻae ʻia e ka PCC nā ʻoihana kālā āpau ma luna o £0.5m. Hōʻike ʻia kēia ma ka Appendix D o ka hōʻike i hoʻopili ʻia.

kāʻei kua

Although the budget underspend fell in Month 7 it has begun to increase again. Even so it still only represents 0.2% of total expenditure. Despite being underspend overall there are overspends in some areas, such as overtime, that are being looked at closely. Covid expenditure so far has totalled £6.5m of which £3.5m has been reimbursed by Government.

Of the total Capital Budget of £15.4m only £6.3m has actually been spent. This makes it likely that the underspend will actually be larger than the £1.2m predicted and a number of projects may be deferred in to next year. That said this underspend will reduce financing costs in the year.

The OPCC is predicting to be slightly underspent at the end of the year

Finally all of the savings for the year have been delivered and the Force is on target to recruit all of its Precept and Uplift Officers.

A more detailed finance report was presented at the January Performance Meeting.

The budget virements requested are set out in Appendix A and mainly relate to the reanalysis of staffing costs within the budget.

Manaʻo:

Aponoia ke Komisina Makai a Karaima

ʻIke wau i ka hana kālā e like me ka 30^th November 2020 and approve the virements set out in Appendix A of the attached report.

Kaulima: David Munro (loaʻa ka pūlima pulu ma ke kope paʻa)

Lā: 22 / 02 / 2021

Pono e hoʻohui i nā hoʻoholo a pau i ka papa inoa hoʻoholo.

'Apili A

Revenue Virements over £500k