Issue - meetings
Debt Management - Position at 30th November 2017
Meeting: 09/01/2018 - Cabinet (Item 621)
621 Debt Management - Position at 30th November 2017 PDF 121 KB
Additional documents:
Decision:
The Cabinet considered a report of the Chief Executive setting out the current position of outstanding debt to the Council, as at 30th November 2017 and the debts that had been written off, or are recommended for write off, in the current financial year as at 30th November 2017.
Resolved:-
1. That the current outstanding debt position as at 30th November 2017 and the position of debts written off to 30th November 2017 as set out in Appendices A & B to the submitted report, be noted.
2. That it be noted that there are no write offs greater than £25,000, which require approval by Cabinet.
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 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 Councillor: Moring
Minutes:
The Cabinet considered a report of the Chief Executive setting out the current position of outstanding debt to the Council, as at 30th November 2017 and the debts that had been written off, or are recommended for write off, in the current financial year as at 30th November 2017.
Resolved:-
1. That the current outstanding debt position as at 30th November 2017 and the position of debts written off to 30th November 2017 as set out in Appendices A & B to the submitted report, be noted.
2. That it be noted that there are no write offs greater than £25,000, which require approval by Cabinet.
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 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 Councillor: Moring