Decision details

The report set out the Revenue and Capital outturn position for Buckinghamshire Council for the financial year 2021/22. This would be subject to external audit and to continued pre-audit quality checks.

RESOLVED –

(1)               That the outturn for the financial year 2021/22 and the associated risks and opportunities, be NOTED.

(2)               That the transfer of £9.9m arising from the unused contingencies (£7.7m) and a favourable outturn variance (£2.2m) to earmarked reserve be APPROVED, to mitigate heightening risks around the financial implications associated with increased inflationary pressures, global turbulence, Local Government Finance reform and Adult Social Care reforms.

(3)               That the carry-forward of slippage on capital schemes where budget is required on approved capital projects in future financial years be APPROVED.