West Mercia and Warwickshire PCC Candidate Briefing 4 March 2016 Finance and Budgets.

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Presentation transcript:

West Mercia and Warwickshire PCC Candidate Briefing 4 March 2016 Finance and Budgets

2016/17 Budget for West Mercia Revenue budget for West Mercia of £207.6m (Alliance budget of £303.8m) Reduction in Home Office/Government Grants for West Mercia of £0.6m to £121.7m Council Tax of £81.2m including 1.99% increase Pay and price inflation of £6.6m Growth/Unavoidable costs of £3.4m Savings of £6.5m already in place Reserves of £9.1m used to support initiatives and fund budget gap Estimated Reserves at 31/3/17 of £57.5m Alliance Capital Programme of £31.8m in 2016/17

2016/17 Budget for West Mercia Force 98% OPCC 2% Employees 79% Goods and Services 20% Capital Financing Costs 1%

2016/17 Budget for Warwickshire Revenue budget for Warwickshire of £96.2m (Alliance budget of £303.8m) Reduction in Home Office/Government Grants for Warwickshire of £0.3m to £53.6m Council Tax of £37.5m including 1.99% increase Pay and price inflation of £3.3m Growth/Unavoidable costs of £1.3m Savings of £3.5m already in place Reserves of £7.2m used to support initiatives and fund budget gap Estimated Reserves at 31/3/17 of £26.7m Alliance Capital Programme of £31.8m in 2016/17

2016/17 Budget for Warwickshire Force 98% OPCC 2% Employees 78% Goods and Services 20% Capital Financing Costs 2%

Medium Term Financial Plan For the Alliance Current MTFP based on 2% increase in precept every year and 2% growth in Council Tax base Current MTFP assumes no change in govt. grant in cash terms Savings –Current MTFP Target of £8.7m –Likely increase in target of say £6m due to Home Office reallocations/reductions in grant (based on 16/17 reduction) Capital Programme of £87.6m Planned new borrowing of £48.5m Reduction in Reserves of £29.9m for West Mercia and £16.9m for Warwickshire – £27.3m to support budget – £19.5m to fund capital Reserves of £27.6m for West Mercia and £9.7m for Warwickshire at 31/3/20 in MTFP

Medium Term Financial Plan For the Alliance Risks –Police Formula Funding Review –Changes to Home Office Reallocated/Topsliced Funds –Emergency Services Network –Reconfiguration of Policing at national, regional and local level –Changes in demand and the changing nature of crime (eg Counter Terrorism, CSE and Cyber)