“The council is on track to deliver a balanced budget next year and is currently projecting a £1.8m underspend for this financial year.
“We are working with our external auditor to address all outstanding legacy issues which may impact on the 2019-20 accounts, one of which relates to historic accounting arrangements for Croydon Affordable Homes. We aim to resolve these issues and close the accounts as soon as possible.
“Cabinet papers setting out this year’s budget and any legacy risks will be published later today.”
