Issue - meetings
Corporate Debt Report
Meeting: 24/06/2024 - Cabinet (Item 10)
10 Corporate Debt Management - Position as at 31 March 2024 PDF 251 KB
Report of Executive Director (Finance and Resources)
Additional documents:
- Appendix A - Debt Management Position 31.03.2024, item 10
PDF 79 KB
- Appendix B - Write Offs 31.03.2024, item 10
PDF 122 KB
- Webcast for Corporate Debt Management - Position as at 31 March 2024
Minutes:
The Cabinet considered a report of the Executive Director (Finance and Resources) setting out the corporate debt management position to 31 March 2024.
Resolved:
1. That the new service reporting arrangements to the Director of Financial Services, be noted.
2. That the finalised outstanding debt position as at 31 March 2024 and the position of debts written off to 31 March 2024 as set out in Appendices A & B to the submitted report, be noted.
3. That the nine proposed write offs exceeding £25,000, as set in Appendix B to the report, be approved.
Reasons for decisions:
1. Debt collection forms an important consideration for most service areas but predominantly collection is secured by services now reporting into the Director of Financial Services. All action instigated remains in accordance with the Council’s Corporate Debt Management Policy to ensure a fair and consistent approach is applied to each case, and to maximise income collection for the Council.
2. Each write off is considered on an individual basis to assess the viability of collection and via compliance with the Council’s Corporate Debt Management Policy to ensure a standard consistent approach is applied.
Other Options:
None
Note: This is an Executive Function
Not eligible for call-in
Cabinet Member: Cllr Collins