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23 June 2015
Croydon Council fails all financial targets

In a report to Cabinet this evening entitled ‘Ambitious for Croydon 2014/2015’, Croydon’s Labour Council has revealed that it has missed ALL of the financial targets it had set for itself.

The targets contained in the report were set by the administration fully in the knowledge of the financial constraints that the Council would be operating under. 

The targets relating to financial performance all showed a worse performance when compared to what Labour expected would happen.

The most worrying of the failures has been Labour’s inability to meet their Revenue budget obligations. In 2013/14 (under the previous Conservative administration) the Revenue account was well managed and recorded a surplus of some £2.886m, effectively outperforming its own Budget. Within one year of Labour taking charge of Croydon Council all control appears to have been lost with the Labour administrations first end of year report showing an overspend of almost £1m - failing to meet its own standards for success.

The Council has also failed to reach its targets for the percentage of council tax collected, non-domestic rates collection and the percentage of agency workers employed. Four new targets for the coming year had no data recorded as yet.

The Council said these targets were intended to ensure that the Council was ‘innovative and enterprising in using available resources to change lives for the better.’ No comment was recorded in the report on whether this had been achieved.

Jason Cummings, Shadow Cabinet Member for Finance and Treasury said: ‘As a nation we have just voted in a general election, the most important issue of which was economic competence. The view of the country was resounding and these failures by Cllr Simon Hall just go to reinforce the view that the Labour Party locally are just as financially illiterate as their national colleagues. These figures make Cllr Hall’s position even more untenable. It is high time someone with a stronger financial grip was put in charge, if they have anyone.’


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