Decision number: 36/202425
Author and Job Role: Kelvin Menon – Treasurer
Protective Marking: OFFICIAL
Executive summary:
The Financial Monitoring report for the first six months of the year to September 2024 shows that Surrey Police Group is predicted to be £0.8m under budget by the end of March 2025 based on performance so far.
This is based on an approved budget of £310.3m for the year.
Capital is predicted to be £2.5m underspent out on a budget of £39.3m.
Financial Regulations state that all budget virements over £0.5m must be approved by the PCC. These are none to approve in this period.
Background:
Revenue Forecast
This is set out for the group in the table below:
| Total 2023/24 Budget £m | Total 2023/24 Outturn £m | Variance £m | |
| 2023/24 Budget | 310.3 | 310.5 | 0.2 |
| Funding | (310.3) | (311.3) | (1.0) |
| Grand Total | (0.0) | (0.8) | (0.8) |
The group is made up of the PCC and the Force and is collectively £0.2m overspent.
This is made up of an predicted £0.1m underspend for the OPCC, and £0.3m overspend for the Force. More detail for the Force is in the table below:
Payroll costs are overspent in the main due to overtime being above budget. Most of this is due to local policing and secondments into the contact centre.
An overtime working group is in place to address this spend. The overspend in premises mainly relates to the unbudgeted costs resulting from the transfer from Reigate Police Station due to RAAC concrete.
Police officer numbers were 1 per cent below target but will be brought into line as per the conditions with uplift. Police staff numbers were around 10 per cent under budget which is in line with the vacancy margin included within the budget.
Financing movements relate to a transfer of income collected for the Surrey Camera Partnership, a transfer to the insurance reserve and a revenue contribution to capital of £0.3m.
Income is £3.3m over budget due to grants received for areas such as hotspot policing, staff seconded to SEROCU and CT and mutual aid given to other forces. This income will have been offset by costs elsewhere in the budget.
Funding was better than expected due to the pay award grant being made by Government which was not budgeted for when the budget was set.
The £3.8m savings requirement for 2024/25 have all been delivered.
Capital Forecast
The capital plan is forecast to underspend by £2.5m against an agreed budget of £39.3m. £1.4m of this for the capital costs of change which have not been allocated to specific projects and the remainder is due to potential slippage in the program.
Revenue Virements
Per financial regulations only virements over £500k need approval from the PCC. There are none in this period.
Recommendation:
Police and Crime Commissioner Approval
I note the financial performance as of the 30th of September 2024
Signature: PCC Lisa Townsend (wet signed copy held in Office)
Date: 21st November 2024
All decisions must be added to the decision register.