Decision details

Final Outturn Report for 2018/19

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To update Cabinet with the final financial outturn against delivery of the 2018/19 budget.

Decisions:

Philip Atkins

 

 

 

 

 

 

 

 

 

 

 

 

 

 

“The county council’s priority remains to support a thriving economy with opportunities for better paid jobs and enable people to live healthy and independent lives for as long as possible.

 

Over the last year we have seen continued investment in our county with new homes and businesses. Together with our partners we are ensuring people can improve skills they need for new employment opportunities.

 

We also face huge financial pressures from the cost of social care. In the past decade we have continued to care for our most vulnerable while seeing the spending on both vulnerable adults and children in our care soar by £100m from a growing ageing population, well aware that these pressures will continue to increase until a national solution is found.

 

Meanwhile we continue to invest through our capital programme in the things that matter to Staffordshire people – infrastructure, schools, roads and the foundations for job creation.” 

 

Philip Atkins OBE, Leader of the Council

 

“It is encouraging that over the course of the year we have managed to improve our financial position which is essential as we progress through the current year.

 

Like councils up and down the country we are managing the constant increased pressures and continuous demand for both our adult services and children’s services. We therefore introduced spending controls early on across county council operations while ensuring we protected vulnerable people in Staffordshire. 

 

As a responsible authority we must live within our means. This includes maintaining levels of our reserves to respond to any sudden changes in the economy.

 

Of course, we will need to make some difficult decisions in the future to meet the challenges ahead. People can be assured that we will make every pound we spend count for our residents and businesses.”

 

Mike Sutherland, Cabinet Member for Finance

 

Reasons for the Decision – To consider the final financial outturn position of the county council, including delivery of the Medium Term Financial Strategy.

 

Decision – (a) That the final outturn position, which is an underspend of £2.222m on portfolio budgets with the Contingency budget remaining unspent giving a total underspend of £3.562m, be noted.

 

(b) That the carrying forward of £3.5m of the Health and Care underspend, in order to fund adult social care pressures in 2019/20, be approved.

 

(c) That the capital financing arrangements, as set out in Appendix 3 to the report, including the capitalisation of transformational revenue expenditure, be approved.

 

Report author: Nicola Lycett

Publication date: 20/06/2019

Date of decision: 19/06/2019

Decided at meeting: 19/06/2019 - Cabinet

Effective from: 26/06/2019

Accompanying Documents: