Agenda item

Report of the Commissioner.

Members received a report of the Commissioner regarding the Quarter 3 Revenue and Capital Budget monitoring for 2021/22.

At this stage, Members moved to consider item 19 (City of London Police Revenue and Capital Budget 2022/23) whilst in public session. They proceeded to consider it alongside item 9.

The Chamberlain explained what had been provided for within the report. This included the Home Office settlement and precept, the BRP increase and funding for Cyber Griffin. Officers also touched upon the Home Office grant for the three year uplift target.

The accommodation budget was tight – and was reliant upon a successful appeal of the New Street business rates.

Court was still to approve the BRP uplift.

The Chair highlighted the need for a workforce plan.

Inflation was identified as one of the largest risks. It had been accounted for within the figures but if there was an increase in excess of what was planned, there would be significant implications to the MTFP.

A natural vacancy factor of 40 was used as a model to recognise the financial implications in budgetary terms.

Some cost mitigations (e.g. £1mil of non-pay related professional fees) were unsustainable for 2022/23.

RESOLVED, that the report be noted.