Page 27 - WMPF Here for you 2017
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Overview
The accounting system is changing and we are at the moment
transferring to centralised accounting run by the Police
Federation of England and Wales (PFEW) at Leatherhead in
view of changes brought in after the independent review of
PFEW.
Nothing will really will change at West Midlands Police Federation except we will be
run by a budget system.
The balance sheet remains strong. The Board believes that a strong balance sheet is
essential to maintain the long-term viability of West Midlands Police Federation.
Investments in shares and bonds are held by professional fund managers and
returns are measured against external benchmarks. There is a need to review the
management of investment due to high rises in fees. The Executive Committee has
recognised this and is investigating the matter.
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