Issue - meetings
Corporate Debt Report
Meeting: 16/06/2020 - Cabinet (Item 76)
76 Corporate Debt Report PDF 153 KB
Report of Executive Director (Finance and Resources)
Additional documents:
- Appendix A - Debt Management Position, item 76 PDF 59 KB
- Appendix B - Write Offs, item 76 PDF 46 KB
- Webcast for Corporate Debt Report
Decision:
The Cabinet considered a report of the Executive Director (Finance and Resources) that outlined the current position of outstanding debt to the Council, as at 31st March 2020 and debts that have been written off, or are recommended for write off, in the current financial year as at 31st March 2020.
Resolved:
1. That the current outstanding debt position as at 31st March 2020 and the position of debts written off to 31st March 2020 as set out in Appendices A and B to the submitted report, be noted.
2. That it be noted that no write offs greater than £25,000 are requested, as shown in Appendix B to the report.
Other Options
None
Reasons for Recommendations
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 proceeding, 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
Cabinet Member: Cllr Gilbert
Minutes:
The Cabinet considered a report of the Executive Director (Finance and Resources) that outlined the current position of outstanding debt to the Council, as at 31st March 2020 and debts that have been written off, or are recommended for write off, in the current financial year as at 31st March 2020.
Resolved:
1. That the current outstanding debt position as at 31st March 2020 and the position of debts written off to 31st March 2020 as set out in Appendices A and B to the submitted report, be noted.
2. That it be noted that no write offs greater than £25,000 are requested, as shown in Appendix B to the report.
Other Options
None
Reasons for Recommendations
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 proceeding, 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
Cabinet Member: Cllr Gilbert