This page contains information on the financial management of MOPAC.
MOPAC is committed to openness and transparency, and all of our budgets and accounts are published. For each financial year the budget, in-year budget monitoring, final accounts and external audit Annual Governance Report (AGR) are available below.
The framework governing the financial management of MOPAC is outlined in the Police Reform and Social Responsibility Act 2011, the Financial Management Code of Practice for the Police, the MOPAC Scheme of Delegation and in the MOPAC Financial Regulations and Contract Regulations.
The Mayor's Budget details the:
- Total MOPAC budget
- Mayor's precept
- anticipated sources of revenue
- annual investment strategy
- and the budget set for the MPS
In-year budget monitoring of MOPAC is provided to the GLA Police & Crime Committee on a regular basis and to the GLA Budget Monitoring Sub-Committee on a quarterly basis.
In January 2018, guidance was issued to Police and Crime Commissioners (PCCs) by the Minister for Policing & the Fire Service. This set out the Government’s expectations around the information to be published by Police & Crime Commissioners on their financial reserves strategies. MOPAC’s Reserves Strategy has been produced in accordance with this guidance and can be found here. This strategy will be reviewed annually.
Information on the premises MOPAC own or occupy is available on the Mayor's land and property database.
MOPAC is required to publish information about all expenditure exceeding £500. This information, and further detail of the finances of the Metropolitan Police Service and services to which MOPAC is entitled to recover a fee can be found in the MPS publication scheme.
Information on the financial management of MOPAC is available below.
Financial Statements and External Audit
The audit of the Mayor’s Office for Policing and Crime's (MOPAC) financial statements for the year ending 31 March 2019 has been substantially completed, although Grant Thornton, the MOPAC external auditor, have yet to issue their certificate of completion of the audit. An unqualified opinion on the financial statements was issued on 30 July 2019. On the same date Grant Thornton also issued an unqualified conclusion on the MOPAC’s arrangements for securing economy, efficiency and effectiveness in its use of resources as required by the Local Audit and Accountability Act 2014 (the ‘Act’), the National Audit Office’s Code of Audit Practice and supporting guidance.
Grant Thornton have not issued their certificate of completion of the audit at this time because they cannot formally conclude the audit and issue an audit certificate until they have completed the work necessary to issue their Whole of Government Accounts (WGA) Component Assurance statement for the year ended 31 March 2019.
MOPAC Efficiency Plan 2016/17 – 2019/20
On 17 December, DCLG announced an opportunity for recipients of revenue support grant and retained business rates to achieve greater certainty and confidence from a 4-year budget. This commitment to provide minimum allocations for each year of the Spending Review is in exchange for a locally owned and locally driven Efficiency Plan.
This document sets out the MOPAC Efficiency Plan which is drawn principally from the Medium Term Financial Strategy and 2017/18 budget setting guidance received from the Mayor of London. The Plan is designed to develop and change as items are discussed with the Mayor and all committed savings are currently being re-assessed as part of the ongoing budget scrutiny process. Updated savings and efficiencies will be published as part of the Mayor’s 2017-18 budget.