DN 05/06/2024 -02 – 2024/25 Police Budget, Medium Term Financial Plan and Associated Papers

Following a public consultation, the Police, Fire and Crime Commissioner Fire and Rescue Authority for North Yorkshire proposed a 3.99%, or £11.77, increase of the Police precept, for a Band D property, to the Police, Fire and Crime Panel. This proposal was supported by the Panel and subsequent to this the 2024/25 budget process has been concluded and the papers attached to this paper provide the detail of the financial plans for 2024/25 and beyond.

Background

This is a Decision Notice outlining the PFCC’s Police Budget and Capital Plans for 2024/25 and the Medium Term Financial Plans to 2027/28.

There is a legal requirement for the PFCC to set a budget prior to the 1^st March each year for the following financial year. Approving this Decision will ensure that the PFCC’s obligations in this area are met for 2024/25.

The Revenue Budget for 2024/25 is based on the approved £11.77 increase in precept for a Band D property for 2024/25 and sets out how the £221,012k of revenue funding to be received by the PFCC in 2024/25 will be spent. The decision also sets out a capital programme of just over £12m of schemes for delivery in 2024/25 and provides details of how this will be spent.

To support this decision are the following attached papers:

• 2024-25 Budget and Capital Programme and MTFP to 2027-28 (Police) Medium Term Financial Plan (MTFP) 2024-25 to 2027-28 and Capital Plans 2024-25 to 2027-28 – Policing
  • This report includes the Reserves Strategy at Appendix B
• 2024-25 North Yorkshire Police Revenue and Capital Budget North Yorkshire Police (NYP) 2024-25 to 2027-28 Revenue Budget and Capital Expenditure Programme
• 2024-25 Annual Treasury Management Strategy (NYP) Treasury Management, Prudential Indicators, Investment Strategy and Capital Strategy 2024-25
  • This report includes the Annual Investment Strategy, the Capital Strategy and the Minimum Revenue Provision Strategy

Decision Record

It is recommended, by the PFCC’s Chief Finance Officer, that the PFCC approves the Budget and Capital Plans for 2024/25 as attached to this Decision along with the Medium Term Financial Plans to 2027/28. In approving this decision the Commissioner is agreeing to the allocation of resources set out within this decision and the associated appendices, and also the detailed recommendations contained within all of the attached papers.

Zoe Metcalfe

Police, Fire and Crime Commissioner for North Yorkshire

Statutory Officer Advice

Legal, Management and Equality Implications

Financial and Commercial

The PFCC’s Chief Finance Officer and S151 Officer has recommended that the PFCC approves the Budget and Capital Plans for 2024/25 as attached to this Decision along with the Medium Term Financial Plans to 2027/28. In doing so the PFCC will have set a balanced medium term financial plan.