Our cost
The service operates within the WCC Medium Term Financial Strategy (MTFS) this is a five-year rolling strategy that aligns our resources to the objectives and ambitions set out in the Council Plan and more specifically in our CRMP.
The Authority approves a medium-term financial plan each year. This sets out the resources needed to deliver our services and agrees an annual budget. WFRS is an integrated part of WCC and receives a range of services provided via central corporate functions or procured contracts.
The service’s net controllable revenue budget for 2023/24 was £25.2m and we concluded the year with a 0.2% underspend.
The WFRS Revenue Budget 2023/2024 is made up of:
- Employees - 95%
- Equipment and other running costs - 7%
- Fleet - 3%
- Income - minus 5%
WFRS operates within WCC financial policy and procedures, and the Service is supported by the WCC Finance Service. Finance teams assist with financial advice, operational support, and technical accounting. Budgets are devolved to budget managers who have responsibility for managing budgets and providing financial forecasts that inform Service and Cabinet decisions. Monitoring and control of their budgets are important in ensuring delivery of the MTFS, Council Plan and our CRMP, and to ensure we maintain the Council’s sound financial position. Staff with financial responsibilities are trained and have access to a dedicated financial training and guidance portal to ensure that our financial management arrangements meet the highest standards.