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Budget, Cabinet - Wednesday, 12th February, 2025 6.30 pm
February 12, 2025 Cabinet View on council website Watch video of meetingSummary
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The notes from this meeting have not yet been summarised.
Delegated decisions linked to this meeting
Decision summaries below are AI-generated from the council’s published record. Check the council source or the full decision page before relying on them.
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Connect to Work Employment Support Programme - South London Partnership
Recommendations Approved...to become the lead accountable body for the South London Partnership's Connect to Work Programme, including overseeing its design, procurement, commissioning, and contract management, and to proceed with the program's delivery and related agreements.
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Treasury Management Strategy Statement, Investment Strategy and Minimum Revenue Provision Policy Statement 2025-26
Recommendations Approved...to recommend to the Full Council the approval of the Treasury Management Strategy Statement 2025/26, Prudential Indicators, the Annual Minimum Revenue Provision Policy Statement, and the Borrowing and Investment Strategies, while also noting the Council's medium-term financial unsustainability.
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Capital Programme and Strategy for 2024-2030
Recommendations Approved...to recommend to Full Council for approval the Council’s 2024-30 General Fund Capital Programme, the transformation projects to be included in it, the 2024-30 Housing Revenue Account (HRA) Capital Programme, and the Council’s Capital Strategy, while noting the need for continued dialogue with MHCLG for further financial support.
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Dedicated Schools Grant (DSG) Schools Funding 2025-2026 Formula Factors
Recommendations Approved...to approve the statutory spend of £341.5m of Schools Block Dedicated Schools Grant funding for 2025/26, the provisional funding formula factors for Croydon mainstream schools, and the transfer of £1.2m from the school's block to the High Needs block as part of the DSG Deficit Management Plan, noting the factors values reported in the appendices.
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HRA Rent Setting 2025-26
Recommendations Approved...to increase social rents and tenant service charges by 2.7%, caravan site plot charges by 1.7%, maintain nil increase to garage rents pending a viability review, continue the HRA hardship fund, note the flexibility in Social Rent Policy, and note additional service charges for specific properties due to new grounds maintenance contracts, while delegating authority for extra care service charge adjustments.
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Urgent Business (If any)
Recommendations Approved...to consider a selective licensing scheme in the private rented sector and delegate authority to evaluate and potentially propose such a scheme, with final proposals to be reported back to the Executive Mayor and Cabinet.
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Budget 2025-26 and Medium Term Financial Strategy 2025-29
Recommendations Approved...to propose to Full Council for approval the Budget 2025-26 and Medium Term Financial Strategy 2025-29, including a 2.99% increase in the Croydon element of council tax, a 2% increase in the Adult Social Care precept levy, and a total net expenditure budget of £373.501m, while noting the request for Exceptional Financial Support from the Ministry for Housing, Communities and Local Government.
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HRA Business Plan and Budget Update 2025-26
Recommendations Approved...to recommend to Full Council to agree the HRA budget for 2025-26, agree the HRA 30 Year Business plan based on the HRA budget for 2025-26, and note the assumptions in the Business Plan and the associated risks.
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Future Croydon – Vision and Target Operating Model
Recommendations Approved...to approve the Town Centre Vision and adopt the new Croydon Target Operating Model, including allocating £30.8m of one-off investment and aiming for £27.7m in annual savings by 2028-29, while delegating implementation authority to the Chief Executive.
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2024-25 Period 8 Financial Performance Report
Recommendations Approved...to note the projected £18.2m General Fund revenue budget overspend, the £8.0m Housing Revenue Account overspend, the progress on savings targets, and the need for further government support due to the Council's debt burden, while directing service directorates to reduce expenditure and continuing financial control measures.
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Mayor's Business Plan 2022-26 Performance Report
Recommendations Approved...to note the Mayor's Business Plan performance report, including areas of progress and challenge, and the launch of the Croydon Council Data Academy.
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Scrutiny Stage Two
Recommendations Approved...to approve responses and action plans related to scrutiny recommendations from the Streets & Environment Sub-Committee regarding the Climate Action Plan and Waste Procurement Contract Management & Mobilisation, delegating authority to specified officers to report back on progress.
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Scrutiny Stage One
Recommendations Approved...to receive recommendations from the Health and Social Care Sub-Committee and the Scrutiny & Overview Committee and provide a substantive response at the Cabinet meeting on 7 May 2025.
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