Croydon gets projected overspend down to £0.294m

Following the projected overspend of £2.864m in the full year 2014/15 based on the First Quarter’s income and expenditure (1 April to 30 June), the revised projected overspend has come down to £0.294m based on Quarter 2 (1 July – 30 September).

The Cabinet meeting on 15 December is being told that this is due to:

  • A £2m projected underspend on interest payable due to lower than budgeted capital spend with a resulting lower borrowing requirement
  • A £0.700m over-achievement of income on the agency staff contract.
  • An additional £2.7m of unringfenced Government Grants.

However with the overall picture includes overspend on:

  • placement costs for Looked after Children (due to an extra 31 children than budgeted for, and projected increase of 66 – £2.2m.
  • increased staff costs due to vacant posts being filled by more costly agency workers – £0.5m.
  • SEN transport – £1.7m
  • temporary accommodation costs due to the number of units required has increased from 467 per night in April to 675 in September and with a predicted increase by a net 10% per month- £1.3m.
  • care package costs – £2.3m
  • increase in the tonnages of waste going to landfill – £400k
  • shortfall in Trade Waste income – £370k.
  • shortfall pf Pay and Display Income – £874k.
  • shortfall in CCTV generated PCN income – £190k.
  • loss of Housing Benefit Income due to overpayment of benefits.

There has also been:

  • an increase in the number of searches by 58% compared to budget resulting in extra Land Charges income – £500k
  • a saving following the deletion of an Executive Director post following the appointment of the permanent Chief Executive – £200k.

The report can be accessed at https://secure.croydon.gov.uk/akscroydon/users/public/admin/kab14.pl?operation=SUBMIT&meet=31&cmte=CAB&grpid=public&arc=1

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About seancreighton1947

Since moving to Norbury in July 2011 I have been active on local economy issues with Croydon TUC and Croydon Assembly, and am a member of the latter's Environment Forum. I am a member of the 5 Norbury Residents Associations Joint Planning Committee, and a Governor of Norbury Manor Primary School. I write for Croydon Citizen at http://thecroydoncitizen.com. I co-ordinate the Samuel Coleridge-Taylor and Croydon Radical History Networks and advise the North East People's History Project.. I give history talks and lead history walks. I retired in 2012 having worked in the community/voluntary sector and on heritage projects. My history interests include labour movement, mutuality, Black British, slavery & abolition, Edwardian roller skating and the social and political use of music and song. I have a particular interest in the histories of Battersea and Wandsworth, Croydon and Lambeth. I have a publishing imprint History & Social Action Publications.
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