Operating Budget
The 2023 Operating Budget for the London Police Service is shown below. Note that our major expense is Personnel (97.09%).
|
Objects of Expenditure |
2023 Budget |
2023 Actual |
|---|---|---|
|
Personnel Costs |
$127,607,499 (97.09%) |
$135, 237,289 (102.90%) |
|
Administrative Expenses |
$1,914,337 (1.46%) |
$1,810,779 (1.38%) |
|
Financial Expenses |
$831,608 (0.63%) |
10,427,031 (7.93%) |
|
Purchased Services |
$6,494,052 (4.94%) |
$7,115,678 (5.41%) |
|
Material and Supplies |
$4,357,397 (3.32%) |
$4,239,868 (3.23%) |
|
Equipment and Furniture |
$592,965 (0.45%) |
$643,396 (0.49%) |
|
Recovered Expenses |
($319,435) -0.24% |
($319,435) -0.24% |
|
TOTAL EXPENDITURES |
$141,478,423 |
$159,154,606 |
|
TOTAL REVENUE |
($10,047,786) -7.64% |
($27,723,969) -21.09% |
|
NET LPS EXPENDITURES |
$131,430,637 |
$131,430,637 |
Our Total Expenditures is the total amount of money that we require to operate our service delivery. We also receive money through service fees and other grants. These funds are included in the category called Total Revenue. The funds we receive from the city are included in the category of Net Expenditures.