2024-25 Provisional Outturn Financial Performance Report
Croydon Council is currently discussing its 2024-25 provisional financial performance, which showed a significant overspend reduced by using reserves.
Croydon Council's General Fund provisionally overspent by £29.2 million in the 2024-25 financial year, according to the Provisional Outturn Financial Performance Report reviewed in July 2025. This overspend was reduced to a £0.7 million underspend after the council utilised reserves and capitalisation directions. The Housing Revenue Account also had a provisional overspend of £6.3 million, which will require a drawdown from its reserves.
To balance its 2024-25 budget, Croydon Council used £67.9 million in one-off reserves and capitalisation directions, a report to the Scrutiny & Overview Committee said in July 2025. The largest overspends were identified in Housing (£19.6 million) and Children, Young People and Education (£17.0 million). The council is also set to assess the impact of its housing actions on other services.
The 2024-25 Provisional Outturn Financial Performance Report details Croydon Council's financial performance across its General Fund, Housing Revenue Account, and Capital Programme for the 2024-25 financial year. It provides an overview of the council's spending and income against its budget for that period.
Key facts
- Croydon Council's General Fund revenue provisionally overspent by £29.2 million in 2024-25. Source 1 Source 2 Source 3
- This overspend was reduced to a £0.7 million underspend after utilising reserves and capitalisation directions. Source 1 Source 2 Source 3
- Croydon Council used £67.9 million in one-off reserves and capitalisation directions to balance its 2024-25 budget. Source
- The Housing Revenue Account (HRA) had a provisional overspend of £6.3 million. Source
- Largest overspends occurred in Housing (£19.6m) and Children, Young People and Education (£17.0m). Source
About this summary
This summary was written automatically from our published stories and the council meeting records they draw on. It describes what councils have discussed and decided; it does not take a view on any decision. Each key fact links to the story it comes from. Updated 30 September 2026. Spotted a mistake? Email community@opencouncil.network.