Surrey Police Finances

Surrey Police Finances2021-05-05T14:51:59+01:00

The Police and Crime Commissioner is responsible for agreeing the budget for Surrey Police and overseeing how it is spent. As well as receiving funding from Government grants, the Commissioner is also responsible for setting the amount of money you will pay for policing as part of your annual council tax bill.

Police funding and the financial arrangements for public bodies are by their nature complicated subjects and the Commissioner has a wide range of responsibilities in terms of how it sets the budget, monitors spending, maximises value for money and reports its financial performance.

Surrey Police budget

The Commissioner agrees the annual budget for Surrey Police in February each year. The budget proposals, which take months of careful financial planning and deliberation to prepare, are scrutinised by the Police and Crime Panel before a final decision is made.

Medium Term Financial Plan

The Medium Term Financial Plan sets out the potential financial challenges Surrey Police may face over the next 3 years. Although there is significant uncertainty in respect of Government Funding, increases in costs, demand etc. it is likely that further efficiencies will need to be delivered if services are to be maintained.

Financial statements and letters for year ending 31 March 2021

The Statement of Accounts sets out in detail the financial position of Surrey Police and its financial performance over the past year. They are prepared in line with strict guidelines on financial reporting, and are published annually.

An audit is carried out each year to make sure that Surrey Police and the Office of the Police and Crime Commissioner are making good use of public money and that they have the right Governance arrangements in place to ensure that this happens.

You can see the Group Statements of Accounts from previous years HERE.

Spending information

We ensure we are getting value for money from all of our spending through our Contracts Standing Orders, which set out the conditions which have to be applied to all spending decisions made by the OPCCS and Surrey Police.

You can browse through records of all spending over £500 by Surrey Police via the Spotlight on Spend website.

CLICK HERE for information about Surrey Police fees and charges for the supply of goods and services.

Contracts and Tenders

Surrey and Sussex Police now collaborate on procurement. You can find out more about Surrey Police’s contracts and tenders via our joint Bluelight Procurement Portal

Financial regulations

The Office of the Police and Crime Commissioner has financial management policies in place  to ensure that public money is used lawfully and in the public interest.

Financial regulations provide the framework for managing the financial affairs of Surrey Police. They apply to the Commissioner and anyone acting on their behalf.

The regulations identify the financial responsibilities of the Commissioner. Chief Constable, Treasurer, Director of Finance & Services and budget holders and provide clarity about their financial accountabilities.

You can read the OPCC Financial Regulations for 2020 HERE.

Investment Strategy:  Treasury Management Reports

Treasury Management is defined as the management of an organisation’s investments and cash flows, its banking, money market and capital market transactions.

A Treasury Management Strategy can be viewed HERE.

Assets

CLICK HERE for a list of the assets owned by the Police and Crime Commissioner for Surrey

OPCC budget

The Office of the PCC has a separate budget to Surrey Police. The majority of this budget is used to commission key services in addition to those provided by Surrey Police, in support of the Police and Crime Plan. This includes funding for specialist support for victims of crime, for community safety projects and for reducing re-offending initiatives.

You can find out more about PCC commissioning on our ‘Funding Hub’ pages.