Council Debt Management Position
Decision Maker: Cabinet
Decision status: Recommendations Approved (subject to call-in)
Is Key decision?: Yes
Is subject to call in?: No
The Cabinet considered a report of the Executive Director (Finance and Resources) on the current position of outstanding debt to the Council, as at 31st July 2021.
1. That the current outstanding debt position on 31st July 2021 and the position of debts written off to 31st July 2021, as set out in Appendices A and B to the submitted report, be noted.
2. That the three write offs for debts exceeding £25,000, as set out in Appendix B to the report, be approved.
Reasons for decision:
All reasonable steps to recover the debt have been taken, and therefore where write off is recommended it is the only course of action that is left available.
If the Council wishes to pursue debts for bankruptcy proceedings, it will follow the agreed and published recovery policy that covers this.
Note: This is an Executive Function
Eligible for call-in to: Policy and Resources Scrutiny Committee
Executive Member: Cllr Gilbert
Report author: Joe Chesterton
Publication date: 17/09/2021
Date of decision: 14/09/2021
Decided at meeting: 14/09/2021 - Cabinet