The Commissioner is responsible for ensuring that the people of Gwent have a police force that operates efficiently and effectively and provides value for money.
The Commissioner sets the policing precept (raised through local council tax) and is responsible for setting the police budget and distributing policing grants
The purpose of the Statement of Accounts is to provide information about the financial position, performance, management accountability of resources, risks and uncertainties of the Police and Crime Commissioner for Gwent (PCC) which is useful to a wide range of users.
Users of the financial statements may include the public, Government, grant-awarding bodies, employees, customers, suppliers and contractors of the Commissioner.
The Annual Audit Letter summarises the conclusions on the audit of the Police and Crime Commissioner for Gwent's and the Chief Constable for Gwent Police’s financial statements.
Treasury Management is the management of cash flows, banking, money market and capital market transactions; the management of the associated risks, and the pursuit of the optimum performance or return consistent with those risks.