MPA - statement of accounts

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40Notes to the Financial StatementsN. Usable Revenue ReservesBalance as at Transfer Transfer Balance as at1 April 2007 To from 31 March 2008£’000 £’000 £’000 £’000Earmarked Revenue ReservesAccommodation strategy/Propertyrelated costsDilapidations (6,000) (3,000) 23 (8,977)Property Related Costs (15,228) (9,389) 0 (24,617)PFI Contract (486) 0 30 (456)Total of Accommodation strategy/ (21,714) (12,389) 53 (34,050)Property related costsOperational costsAirwave (1,100) 0 1,100 0Communications Project (20,027) 0 11,371 (8,656)Insurance Indemnity Fund (340) 0 0 (340)ICT contract issues 0 (1,895) 0 (1,895)Kickz (1,500) (1,500) 0 (3,000)Laming Enquiry (49) 0 34 (15)Legal Costs (1,491) 0 36 (1,455)Motor Insurance (365) (937) 0 (1,302)Operational Costs (10,925) (37,295) 990 (47,230)POCA (8,877) (3,794) 5,952 (6,719)Protective Clothing (354) (354) 354 (354)Publicity (200) 0 0 (200)Pump Priming Fund (2,000) 0 0 (2,000)Systems (392) 0 200 (192)Vehicle Recovery Services (3,200) 0 0 (3,200)Total of Operational costs (50,820) (45,775) 20,037 (76,558)Revenue support to capital rephasingCapital Programme Rephasing 0 (9,700) 0 (9,700)Total of Revenue support to capital 0 (9,700) 0 (9,700)rephasingBudget PressuresBudget Pressures (2,233) (7,500) 188 (9,545)Cost Recovery Fund (10) 0 10 0Total of Budget Pressures (2,243) (7,500) 198 (9,545)Major change programmesModernisation Programmes 0 (16,097) 0 (16,097)Total of Major change programmes 0 (16,097) 0 (16,097)MPA initiativesMPA (386) (396) 26 (756)Total of MPA initiatives (386) (396) 26 (756)Total Earmarked Revenue Reserves ( 75,163) (91,857) 20,314 (146,706)excl. Emergencies Contingency FundEmergencies Contingency FundEmergencies Contingency Fund (20,134) (2,959) 0 (23,093)Total Emergencies Contingency Fund (20,134) (2,959) 0 (23,093)Total Earmarked Revenue Reserves inc. ( 95,297) (94,816) 20,314 (169,799)Emergencies Contingency FundNet Movement in Earmarked Revenue (74,502)ReservesGeneral Revenue Reserve (38,900) (7,882) 0 (46,782)Net Movement in Revenue Reserves (82,384)
41Accommodation strategy/Propertyrelated costsDilapidationsThe reserve will be used to fund future expenditure onproperties, the leases for which have been terminatedand result in additional costs.Property Related CostsThis account reflects the requirement to provide forthe cost of various building related projects.PFI ContractsTo reserve part of the costs of a PFI propertydevelopment.Operational costsAirwaveReserve for connection fee for the provision of Airwaveat Heathrow Terminal 5. Now completed.Communications ProjectMonies set aside to provide for the development of anintegrated communications system for the MPS.Insurance Indemnity ReserveTo provide for the cost of a Personal InsuranceIndemnity Reserve for police officers and staff.ICT Contract issuesThis represents a reserve to cover delays in thedelivery of a standard operating environment as part ofthe ICT contract.KickzA reserve to provide for crime reduction projects,jointly funded with the Football Association, to berolled out over all London Boroughs.Laming EnquiryTo cover the likely cost of the impact of the Lamingreport into the murder of Victoria Climbie and itsrecommendations.Legal CostsTo provide for the cost of potential law suits.Motor InsuranceTo provide for MPA approved insurance strategy,which allows for savings on motor insurancepremiums.Operational CostsThe reserve provides for a number of operationalactivities that have been planned in 2007-08. Theexpectation is that the majority of the reserve will beused in 2008-09.POCAProceeds Of Crime Act - A reserve funded fromproceeds of crime to provide for certain categories ofoperational activities.Protective ClothingTo provide for the cost of protective clothing for officersincluding research and development costs.PublicityReserve to cover the implementation of the MPAScrutiny report regarding media handling.Pump Priming FundThis reserve has been set up to encouraging new,more efficient and/or effective ways of doing businesswhere there is a need for ‘priming’ monies. Anyproposals would need a clear business case andmember approval for any allocations from the reserve.SystemsThe reserve contributes to the cost of developingfinancial systems.Vehicle Recovery ServicesReserve allocated to fund operations targetingclamping of uninsured vehicles.Revenue support to capital rephasingCapital Programme RephasingMonies set aside as Revenue Support to agreedCapital Programme Re-phasing in the future years.Budget PressuresBudget PressuresThis reserve was to meet specific unbudgetedpressures.Cost Recovery FundThis is a reserve to provide for external assistance tosupport cost recovery.Emergencies Contingency FundAn earmarked reserve available to assist in exceptionalcircumstances to support operational requirements,which will normally not have been budgeted for.Major change programmesModernisation ProgrammeThis reserve is set aside to fund various modernisationprogrammes, including Transforming HumanResources.MPA initiativesMPAThe reserve will be used to support projects that theMetropolitan Police Authority expects to undertake in2008-09.General Revenue ReserveThis reserve was established to provide cover foremergencies and contingencies. The reserve, togetherwith the emergencies / contingencies fund is to bemaintained at 2% of the net revenue budget.Notes to the Financial Statements
Page 9 and 10: 7Statement of Responsibilities for
Page 11 and 12: 9Within the MPS the corporate strat
Page 13 and 14: 11Within the MPS the risk managemen
Page 15 and 16: 13The practical implementation of t
Page 17 and 18: 15• Internal AuditIn maintaining
Page 19 and 20: 17Governance issuemanagement across
Page 21 and 22: 19kept to manage the accounting pro
Page 23 and 24: 21Land and BuildingsCategoryLandBui
Page 25 and 26: 23Income and Expenditure AccountFin
Page 27 and 28: 25Balance SheetThe Balance Sheet sh
Page 29 and 30: 27Notes to the Financial Statements
Page 31 and 32: 29• Pension reserve movement repr
Page 33 and 34: 3111. S102 Greater London Authority
Page 35 and 36: 3318. Minimum Revenue ProvisionThe
Page 37 and 38: 35Sources of Capital Finance2007-08
Page 39 and 40: 37K. Third Parties’ MoniesThe Aut
Page 41: 39L. Police Pensions LiabilitiesAs
Page 45 and 46: 43Capital Adjustment AccountThe Cap
Page 47 and 48: 45The fair value is more than the c
Page 49 and 50: 47U. Analysis of Net Debt (liquid r
Page 51 and 52: 49GlossaryGlossary of TermsBudgetA

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