Agenda item

Report of the Commissioner (copy attached).

The Committee received a report of the Commissioner providing quarterly information on financial performance. Members were advised that at the end of quarter 2 the Force’s net revenue expenditure was £1.2million (5%) under profile.

The Director of Corporate Services reminded Members that the budget was predicated upon a transfer of £3.8million from reserves and so this meant that the forecast was in reality an overspend of around £2million. In addition, the Government had advised that further funding cuts of around 2% were expected in 2014/15, and so in this context the current budget was prudent and did not represent an underspend, despite initial appearances.

RECEIVED.