Finance and governance covers how the police service is governed and held accountable.
The Police Reform and Social Responsibility Act 2011 shifted the way the police service is governed and held accountable.
The first reform was replacing police authorities with elected Police and Crime Commissioners (PCC) in each police force area. The new PCC’s took office on 22 November 2012.
Additionally, a separate legal body for each Chief Constable was established and made responsible for the police service in each area. The primary function of this being the exercise of Operational Policing duties under the Police Act 1996.
Financial regulations set out the duties, rights, powers and provide clarity about the financial accountabilities of the PCC, Chief Constable and their Chief Finance Officers. Financial regulations apply to every member of TVP.
The document covers the following areas:
- Financial management
- Financial planning
- Management of risk and resources
- Systems and procedures
- Contract regulations
- External arrangements
- Delegated financial limits
The Financial Regulations document has been incorporated into the Corporate Governance Framework.