Issue - meetings
Council Debt Position to 31 March 2019
Meeting: 11/07/2019 - Policy and Resources Scrutiny Committee (Item 196)
196 Council Debt Position to 31 March 2019 PDF 119 KB
Minute 91
Referred direct by Cabinet
Additional documents:
Minutes:
The Committee considered Minute 91 of Cabinet held on 25th June 2019, which had been referred direct by Cabinet to Scrutiny together with a report of the Strategic Director (Finance and Resources). This outlined the current position of outstanding debt to the Council, as at 31st March 2019; and the debts that have been written off, or are recommended for write off, in the current financial year as at 31st March 2019;
The report also sought approval to write off irrecoverable debts that are over £25,000 as set out in Appendix B to the submitted report.
Resolved:
That the following decisions of Cabinet be noted:
“1. That the current outstanding debt position as at 31st March 2019 and the position of debts written off to 31st March 2019 as set out in Appendices A & B to the report, be noted.
2. That the write offs greater than £25,000, be approved.”
Note: This is an Executive Function
Cabinet Member: Cllr Gilbert
Meeting: 25/06/2019 - Cabinet (Item 91)
91 Council Debt Position to 31 March 2019 PDF 119 KB
Report of Strategic Director (Finance and Resources)
Additional documents:
- 23 - Appendix 1 - Debt Management, item 91 PDF 51 KB
- 23 - Appendix 2 - Debt Management, item 91 PDF 59 KB
Minutes:
The Cabinet considered a report of the Strategic Director (Finance and Resources) that outlined the current position of outstanding debt to the Council, as at 31st March 2019; and the debts that have been written off, or are recommended for write off, in the current financial year as at 31st March 2019;
The report also sought approval to write off irrecoverable debts that are over £25,000 as set out in Appendix B to the submitted report.
Resolved:
1. That the current outstanding debt position as at 31st March 2019 and the position of debts written off to 31st March 2019 as set out in Appendices A & B to the report, be noted.
2. That the write offs greater than £25,000, 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 available.
If the Council wishes to pursue debts for bankruptcy proceedings, it will follow the agreed and published recovery policy that covers this.
Other Options:
None.
Note: This is an Executive Function
Referred direct to Policy and Resources Scrutiny Committee
Cabinet Member: Cllr Gilbert