Hertfordshire County Council heading for £3.39 million overspend

PUBLISHED: 12:02 15 February 2020

Hertfordshire County Council's predicted overspend down for 2019/20. Picture: Pexels.

Hertfordshire County Council's predicted overspend down for 2019/20. Picture: Pexels.

Archant

Hertfordshire County Council’s projected overspend for 2019/20 has decreased to £3.39million, according to new data.

At the end of the first three months of the financial year there had been fears the council was going to overspend by £6.87 million in 2019/20.

But the latest figures - updated at the end of December - now suggest the projected overspend has decreased.

You may also want to watch:

The figures were presented to a meeting of the council's resources and performance cabinet panel on Wednesday, February 12.

Councillors were told that this level of overspend could be funded from the council's contingency budget - without the need to take from reserves.

The overspend is said to be largely as a result of the increase in the number of 'looked after' children who are being placed in more costly 'independent' placements.

Based on the latest figures from the end of December 2019, the overspend on independent placements in expected to reach £5.37 million.

According to the report the current average cost of a placement in an independent residential home is around £240,000 a year.

Become a supporter

This newspaper has been a central part of community life for many years, through good times and bad. Coronavirus is one of the greatest challenges our community has ever faced, but if we all play our part we will defeat it. We're here to serve as your advocate and trusted source of local information.

In these testing times, your support is more important than ever. Thank you.

Most Read

Most Read

Latest from the Welwyn Hatfield Times