Barnet Tories facing £62 million budget gap ‘armegeddon’ after overspending

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Barnet Tories facing £62 million budget gap...
 © Parikiaki 2018
Labour councillors secure vote to bring Capita CSG finance function back in-house

A whopping budget gap of £62 million to 2024/25 has emerged in Barnet Council’s finances in the last quarter sparking criticism of Capita CSG’s ability to provide accurate financial forecasting, and Barnet Council’s ability to monitor the outsourced finance function.

An unforseen overspend of £7.9 million in 2017/18 (£13.5m before use of reserves) means that Barnet Council now has to find £9.5 million savings in this financial year (2018/19) compared to a balanced...


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Barnet Tories facing £62 million budget gap ‘armegeddon’ after overspending


The contents of this article including any associated images are © Parikiaki 2018
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