Another quick look at
Bexley Council’s draft 2019/20 accounts.
The bins fiasco. The cost of storing bins in a Council property in Erith is said to be £350,000. The four month delay to introduction of the revised recycling service is put at £530,000, £254,000 of it being met from contingency funds. Income fell because of “market conditions” and on top of that £200,000 was lost because “external competition”. Why the £350k storage costs on the warehouse that the Council owns and for which they have been unable to find a tenant? Has ownership been transferred to BexleyCo so that they can charge for bin storage?
The delay was caused by a procedural error on the tendering process. A very expensive mistake. The senior officers involved remain in their jobs.
Pensions may not be listed in the Table of Contents but a Note on Page 74 says the Pension Reserves fell from £194 million to £160 million, described as a “substantial shortfall” between “benefits earned” and “the resources the Council has put aside to meet them”.
This page records that Graham Ward is the Interim Managing Director and also a Non-Executive Director of Bexley Council’s wholly owned property company. It is credited with having an Income of £20,000 in the last Financial Year and Expenditure of absolutely nothing. Not even a box of paper clips.