Issue - meetings

Council Debt Management Position

Meeting: 14/09/2021 - Cabinet (Item 343)

343 Council Debt Management Position pdf icon PDF 652 KB

Report of Executive Director (Finance and Resources) attached

Additional documents:

Decision:

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.

 

Resolved:

 

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.

 

Other options:

 

None

 

Note: This is an Executive Function

Eligible for call-in to: Policy and Resources Scrutiny Committee

Executive Member: Cllr Gilbert

 

Minutes:

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.

 

Resolved:

 

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.

 

Other options:

 

None

 

Note: This is an Executive Function

Eligible for call-in to: Policy and Resources Scrutiny Committee

Executive Member: Cllr Gilbert

 


 

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