“We continue to do what is necessary to support those who need us most, including vulnerable residents, the care sector, local communities and businesses. Growing our economy, creating better quality jobs and supporting local businesses with their recovery through the Staffordshire Means Back to Business Programme remains a priority. Putting more money in people’s pockets and improving their financial security, especially at a time when living and energy costs are on the increase, is vital.
The cost of social care for adults and children continues to rise, and we face challenges alongside our residents in dealing with increasing inflationary pressures.
Despite the pressures facing councils like ours, we will invest to keep growing the county in a sustainable way to make a positive difference in the lives of our residents. We want Staffordshire people to enjoy a better quality of life, in thriving communities, and live longer in good health”.
Alan White, Leader of the Council
“All council departments continue to deliver against their priorities, whilst progressing with activities in the organisation’s Delivery Plan.
The final financial outturn is an underspend of £3.984m (0.7%). In an organisation of this size this is equivalent to a breakeven position.
Like many local authorities, we still face financial challenges including in adult social care and in children’s social services, but we continue to keep our finances in as strong a position as possible. Well managed finances ensures that we provide good value for money for local tax-payers and means we can continue to invest in our future and growing our economy”.
Ian Parry, Cabinet Member for Finance and Resources
Reasons for the Decision – To receive details of the final financial outturn position of the county council for 2021/22 including delivery of the Medium Term Financial Strategy.
Decision – (a) That the final outturn position be noted.
(b) That the contribution of the underspend of £3.984m into an earmarked reserve for inflationary pressures in future years be approved and that the carry forward requests set out in paragraph 2 of the report be not approved.
(c) That the capital financing arrangements as set out in Appendix 3, including the capitalisation of transformational revenue expenditure, be approved.