Croydon Council has apologised after a report uncovered ‘serious concerns’ about it’s financial decision making and governance over a number of years.
The report, conducted by Grant Thornton, highlights serious concerns around the borough’s financial position and governance.
The council said it ‘fully accepts’ the findings and will act on all 20 recommendations for change.
Council leader, cllr Hamida Ali, said: ‘This report highlights serious issues with how the council has managed its finances in recent years. These problems have deep roots, but I am sorry we got things wrong and I want to reassure our residents, staff and partners that my absolute priority as the council’s newly-elected leader is to put this right.
’While a decade of austerity and the COVID-19 crisis have had a major impact on our finances they do not excuse the issues this report has laid bare.’