Issue - meetings
Debt Management
Meeting: 08/11/2022 - Cabinet (Item 466)
466 Debt Management - Position to 30th September 2022 PDF 190 KB
Report of Executive Director (Finance and Resources)
Additional documents:
- Appendix A - Debt Management Position 300922, item 466 PDF 70 KB
- Appendix B - Write Offs 30092022, item 466 PDF 76 KB
- Webcast for Debt Management - Position to 30th September 2022
Decision:
The Cabinet considered a report of the Deputy Chief Executive and Executive Director (Finance and Resources) providing an update on the current position of outstanding debt to the Council, as at 30th September 2022.
Resolved:
1. That the current outstanding debt position on 30th September 2022 and the position of debts written off to 30th September 2022, as set out in Appendices A and B to the submitted report, be noted.
2. That the five write-offs for debts that exceed £25,000, as shown in Appendix B to the report, be approved.
3. That the positive achievement in securing payment for historical rent and service charge debts inherited by the Council following the acquisition of the Victoria Centre in December 2020, be noted.
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 Deputy Chief Executive and Executive Director (Finance and Resources) providing an update on the current position of outstanding debt to the Council, as at 30th September 2022.
Resolved:
1. That the current outstanding debt position on 30th September 2022 and the position of debts written off to 30th September 2022, as set out in Appendices A and B to the submitted report, be noted.
2. That the five write-offs for debts that exceed £25,000, as shown in Appendix B to the report, be approved.
3. That the positive achievement in securing payment for historical rent and service charge debts inherited by the Council following the acquisition of the Victoria Centre in December 2020, be noted.
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