Report of the Commissioner.
The Board received a report of the Commissioner on the Q1 Revenue and Capital Budget Monitoring 22-23. The Board were informed of the comments made at the Resource, Risk and Estates Committee.
Following a Board member’s query, it was confirmed that the recoding of the £1m budget for the Police Authority to support financial reporting was proceeding well.
It was confirmed, in response to a Board member’s question, that the corporate services review would be take forward as a top priority with an update to the Board on its progress within six months. In addition, it was confirmed that the uplift numbers were considered to be achievable.
Officers informed the Board that inflation was, evidently, the biggest risk for the City of London Police’s Budget and that the discussions will be held with other police forces to ascertain the appropriate level of inflationary budget assumptions.
RESOLVED- That the report be noted.