Issue - meetings
Debt Management - Position to 30 November 2022
Meeting: 12/01/2023 - Cabinet (Item 628)
628 Corporate Debt Management - Position to 30 November 2022 PDF 182 KB
Report of Executive Director (Finance and Resources)
Additional documents:
- Appendix A - Debt Management Position, item 628 PDF 71 KB
- Appendix B - Write Offs, item 628 PDF 46 KB
- Webcast for Corporate Debt Management - Position to 30 November 2022
Decision:
The Cabinet considered a report of the Executive Director (Finance and Resources) providing an update on the current position of outstanding debt to the Council, as at 30th November 2022.
Resolved:
1. That the current outstanding debt position on 30 November 2022 and the position of debts written off to 30 November 2022 (Appendices A & B to the submitted report), be noted.
2. That it be noted that there is no approval requested to write off any individual irrecoverable debts that exceed £25,000 in this report (Appendix B to the report).
Reason 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.
Other Options
None.
Note: This is an Executive Function
Eligible for call-in to: Policy and Resources Scrutiny Committee
Cabinet Member: Cllr Collins
Minutes:
The Cabinet considered a report of the Executive Director (Finance and Resources) providing an update on the current position of outstanding debt to the Council, as at 30th November 2022.
Resolved:
1. That the current outstanding debt position on 30 November 2022 and the position of debts written off to 30 November 2022 (Appendices A & B to the submitted report), be noted.
2. That it be noted that there is no approval requested to write off any individual irrecoverable debts that exceed £25,000 in this report (Appendix B to the report).
Reason 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.
Other Options
None.
Note: This is an Executive Function
Eligible for call-in to: Policy and Resources Scrutiny Committee
Cabinet Member: Cllr Collins