MOPAC Provisional Outturn 2014/15

Reference code: 
DMPCD 2015 67
Date signed: 
27 May 2015
Authorisation name: 
Stephen Greenhalgh (past staff), Deputy Mayor for Policing and Crime

Executive summary

This paper summarises the 2014/15 provisional financial outturn. Against a net revenue expenditure budget of £2,448m, MOPAC has spent £2,426m reduced expenditure of £22m, (0.9%). Capital expenditure of £199m was invested in MOPAC assets in 2014/15, against the revised budget of £227m, reduced investment of £28m, (12%). DMPC is asked to approve transfers to and from reserves. The final outturn position will be subject to external audit.

Recommendation

The DMPC is asked to
1. Note the provisional financial outturn for both capital and revenue,
2. Note the overall achievement of the net savings target, and
3. Approve the reserve transfers as set out in paragraph 2.3

Non-confidential facts and advice to the Deputy Mayor for Policing and Crime (DMPC)

Please refer to PDF below for details.