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What we spend and how we spend it

Budget Setting

The Commissioner is responsible for setting the budget for the police.

The total budget for 2023-24 is £358.7 million. The majority of funding is received through:

  • Government grants, calculated using a funding formula – 54%
  • Local police precept, from council tax – 46%.

Each year, the Commissioner must consult with the Chief Constable to set a budget for the forthcoming year and agree a medium term financial strategy that takes account of funding and spending plans for both revenue and capital.

 

Statement of Accounts - historical

2017/2018 Statement of Accounts Police and Crime Commissioner

2016/2017 Statement of Accounts Police and Crime Commissioner

2015/2016 Statement of Accounts Police and Crime Commissioner


Reserve Strategy

South Wales Police Reserve Strategy 2020-2024

South Wales Police Reserve Strategy 2019-2023

South Wales Police Reserve Strategy 2018-2022


Financial Challenge

Information on the financial challenge can be found in the Medium Term Strategy that can be viewed through the links below.


Financial Strategy

Medium Term Financial Strategy 2023-27

Incorporating:

  • Precept Proposal
  • Revenue Budget
  • Revenue Forecasts
  • Capital Strategy
  • Value for Money Plan

National Fraud Initiative

 

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