Revenue budget monitoring 2003/04

Report: 5
Date: 15 March 2004
By: Commissioner and Treasurer

Summary

This report requests approval to a virement of £5m from Police Staff pay to Service wide Supplies and Services to fund expenditure on high priority IT projects.

A. Recommendations

That members approve the budget virement below which was considered and endorsed by the Budget Group on 12 March 2004

B. Supporting information

Introduction

1. The Budget Group considered the latest budget monitoring report at its meeting on 12 March 2004. The overall position shows a forecast underspend for the year of £2.3m (0.1%). This is after transferring £18.9m to reserves as approved by the MPA and required under the budget submission to the Mayor.

2. It was reported that within the Deputy Commissioners Command, police staff pay is forecast to underspend by £6.3m and there was an intention to re-focus most of this expenditure on some high priority IT projects have been identified, including C3i enabling works, Aware infrastructure, upgrade connections and Integrated Borough Operations rooms.

3. The proposal was discussed and endorsed by the Budget Group. The next Finance Committee does not, however, take place until 22 April.

Budget virement

4. Authority is thus sought from this committee for a budget virement of £5m from Police (Civil) Staff pay into Servicewide Supplies and Services to fund expenditure on high priority IT projects. This is not a permanent virement.

C. Equality and diversity implications

There are no equality and diversity implications arising from this report.

D. Financial implications

The financial implications are those set out in this paper.

E. Background papers

None.

F. Contact details

Report author: Sharon Burd, Director of Finance Services, MPS.

For more information contact:

MPA general: 020 7202 0202
Media enquiries: 020 7202 0217/18

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