Decision details

Quarter 3 financial performance report 2017/18

Decision status: For Determination

Is Key decision?: No

Is subject to call in?: No


The Leader of the Council has delegated to the Cabinet the power to make the decisions set out below




  1. Note the current revenue outturn forecast at the end of the third quarter of 2017/18 of £0.369m underspend, this is before exceptional items of £6.23m, resulting in a total overspend of £5.861m;
  2. Note the £4.7m collection fund surplus released on the 1st April 2018 which can offsetthe overspend. This would leave a net drawdown on general fund balances of£1.161m.
  3. Note the ongoing engagement with and lobbying of Government by the Council foradditional funding for Croydon, both in general terms and specifically Unaccompanied Asylum Seeking Children given Croydon’s gateway status, fire safety measures andmitigation of the impact of the Universal Credit implementation, notably Croydon’spilot status.
  4. Note the HRA position of a £0.274m forecast underspend against budget;
  5. Note the capital outturn projection of £61.9m forecast underspend against budget;
  6. Approve the changes to the capital programme to include new schemes of £2.1m, set out in Table 5, Section 7.2
  7. Endorse the approval of the 2018/19 Discretionary Business Rates Relief Scheme, asdiscussed in paragraphs 8.5 to 8.10 and set out in full in Appendix 3 of the report.

Report author: Richard Simpson, Lisa Taylor

Publication date: 06/03/2018

Date of decision: 26/02/2018

Decided at meeting: 26/02/2018 - Cabinet

Accompanying Documents: