1. Organisational Priorities Finance- Revenue Budget Monitoring Original Estimate 31 st March 2014 Forecast Outturn 31 st March 2014 Forecast Under- spend 2013/14 Variance (%) £322.4£317.1£5.3m1.6% Forecast underspend for the year on operational activities of £5.3m mainly due to vacancies arising from structural change. Chief Officers have agreed to utilise these vacancy savings to support Ambition 4000 throughout the current CSR. Under-spend position includes re-organisation costs of £3.4m.

2. Organisational Priorities Finance- Capital Budget Revised Estimate*Revised Budget 2013/14* Forecast Outturn 31 st March 2014 Underspend IT/Technical£5.1m£3.2m£1.9m Estates£12.6m£4.4m£8.2m Fleet£3.9m£3.1m£0.8m Total£21.6m£10.7m£10.9m * includes re-phased projects from 2012/13 The original capital budget of £19.040m contained within the 2013/14 budget report has now been updated to include the re-phasing agreed as part of the 2012/13 closedown process with a resulting budget of £21.6m Total capital expenditure to the end of December 2013 was £6.6m with a forecast outturn to the end of March 2014 of £10.7m. The largest area of underspend relates to the Estate Strategy which has seen some significant change since the original budget was agreed.

3. Organisational Priorities Finance - Savings Targets SEP savings targets within the 2013/14 MTFS are expected to be exceeded by £5.0m as a result of initiatives originally scheduled for 2014/15 being implemented ahead of plan. Overall targeted savings to the end of 2014/15 anticipated as being achievable in full. The savings targets for 2015/16 and 2016/17 have now been revised to reflect the October CSR with a shortfalls of £17.3m and £16.9m respectively.

4. Organisational Priorities Finance-– MTFS 2014/15 Budget Report 2014/152015/162016/172017/18TOTAL Budget Shortfall£12.7m£17.3m£16.9m£6.8m£53.7m Savings Identified(£12.7m)--- Savings to be Identified£0.0m£17.3m£16.9m£6.8m£41.0m Funding for 2014/15 has now been confirmed and the shortfall in budget has been addressed through the SEP savings programme and use of the PCSO reserve. On 26 th June 2013 the Government announced plans to make further budget cuts in 2015/16 and 2016/17and indications are that Merseyside Police will be required to save a further £34.2m in 2015/16 and 2016/17.