Section 114 notices issued by council chief finance officers, auditor Reports in the Public Interest, statutory recommendations and advisory notices under the Local Audit and Accountability Act 2014. Government statutory interventions are tracked on body pages.
Coverage: Official source scope
Newest content date: 20 Jan 2025. This describes the content held here, not the date this page was opened.
Fixed holding: loaded from a list held in this repository, not fetched from the publisher.
Publisher's stated schedule: Periodic. That is the publisher's own description, not a measurement of this copy.
Summary written by this site, not a quotation: Joint report under section 5(2)(a) of the Local Government and Housing Act 1989 and section 114(2)(a) of the Local Government Finance Act 1988, by the Monitoring Officer and the Chief Finance Officer, on unlawful payments into and from the council's Pension Fund. It does not require spending to stop, and states that no money had been lost as a result.
Summary written by this site, not a quotation: Five statutory recommendations under section 24 and Schedule 7, made within the auditor's Report in the Public Interest, covering past governance arrangements, investment decisions and financial strategy.
Summary written by this site, not a quotation: Report in the Public Interest on past decisions that contributed to the council's financial position, finding historic shortcomings in financial, governance and legal arrangements and making five statutory recommendations.
Summary written by this site, not a quotation: Notice issued on the basis that the council could not deliver a balanced budget for 2023/24, with a net forecast General Fund pressure of £23.351m, over 80 per cent of it in People's services.
Summary written by this site, not a quotation: Second 2023 notice, issued alongside a section 5 report by the monitoring officer after a decision on implementing a new pay equity system did not proceed.
Summary written by this site, not a quotation: First of two 2023 notices, citing an equal pay liability in the region of £650m to £760m that the council could not fund, alongside an in-year budget gap of around £87m.
Summary written by this site, not a quotation: Notice issued against core funding of about £16m for 2023/24, with a deficit of £1.2bn arising from a historic investment strategy that produced unaffordable borrowing and irrecoverable loans.
Summary written by this site, not a quotation: Notice reporting an in-year deficit of £452m for 2022/23, driven by write-downs on investment assets, under-assessed Minimum Revenue Provision and exposure to short-term borrowing.
Summary written by this site, not a quotation: Third Croydon notice, citing unfunded deficits forecast from 2023/24 onwards and no prospect of financial sustainability without extraordinary government support.
Summary written by this site, not a quotation: Second Croydon Report in the Public Interest, on the Fairfield Halls refurbishment delivered through the council's company Brick by Brick. The auditor concluded the council failed to ensure proper financial control and effective governance; the project was delivered late and cost substantially more than the original £30m budget.
Summary written by this site, not a quotation: Notice issued with a parallel section 5 report after a CIPFA review found about £15.86m of ring-fenced Housing Revenue Account funds had been wrongly credited to the General Fund over six years.
Summary written by this site, not a quotation: Notice issued by the section 151 officer citing incorrect Minimum Revenue Provision calculations since 2016/17, borrowing that had risen from about £180m to £760m, effectively no unallocated general reserves and a projected negative General Fund balance of £159m by March 2025.
Summary written by this site, not a quotation: Four statutory recommendations under section 24 and Schedule 7 concerning financial reporting and the management of reserves, with two further statutory recommendations in July 2021 on financial management capacity.
Summary written by this site, not a quotation: Second notice, issued after the council had not agreed a balanced budget, citing a potential in-year shortfall of £66m for 2020/21.
Summary written by this site, not a quotation: First of three Croydon notices. The council faced a forecast overspend and carried debts of around £1.5bn, linked in part to its housing development company.
Summary written by this site, not a quotation: Report in the Public Interest on the council's financial position, financial decision-making and governance, making 20 recommendations of which 8 were high priority.
Summary written by this site, not a quotation: Report in the Public Interest on Robin Hood Energy, the council-owned energy company, finding inadequate governance and a failure to understand the risks of entering the energy market, with cumulative company losses of about £34.4m. Published in the week to 11 August 2020.
Summary written by this site, not a quotation: Second notice in five months, reflecting a projected in-year deficit the council could not meet from available resources.
Summary written by this site, not a quotation: Auditor advisory notice under section 29 and Schedule 8 of the Local Audit and Accountability Act 2014, warning that the 2018/19 budget proposals did not balance and relied heavily on one-off measures such as the sale and leaseback of One Angel Square. A further advisory notice followed in May 2018.
Summary written by this site, not a quotation: First of two 2018 notices. The chief finance officer reported a significant risk that the council could not deliver a balanced budget, with forecast overspending it could not contain within resources.
Summary written by this site, not a quotation: The council's treasurer issued a section 114 notice predicting a shortfall of about £15.5m by the year end, requiring in-year budget cuts of around £4.5m.
Summary written by this site, not a quotation: First section 114 notice issued in England since the early 1990s, issued amid the council's financial difficulties.
| Category | Value |
|---|---|
| 2000 | 2 |
| 2018 | 3 |
| 2020 | 4 |
| 2021 | 3 |
| 2022 | 3 |
| 2023 | 4 |
| 2024 | 2 |
| 2025 | 1 |
The chart shows financial failure events by calendar year.