Agenda item

Report of the Commissioner and Police Authority Treasurer.

To be read in conjunction with non-public appendices at Item 20.

The Board received a report of the PA Treasurer and the Commissioner on the City of London Police Income Strategy, including fees and charges 2023/24.

In response to the Chair’s query it was confirmed that the Strategic Finance Board decided on the default charging position.

The Police Authority Board Chair observed that there needed to be consistency on reporting to assist Members to focus on strategy and partnership funding. Following this Officers confirmed that the Income Strategy would address these concerns going forward. However, it was noted that this Strategy followed national guidance.

The Committee noted that the key risk regarding income was that the Home Office annual grant provided in flat cash would represent real terms cut when factoring in inflation.

RESOLVED- That the report be noted.