70 WRITE-OFF IRRECOVERABLE DEBTS PDF 152 KB
The Portfolio Holder for Corporate Finance and Resources to submit a report seeking approval to write off debts over the value of £2,500, where officers believe that there is little or no prospect of recovering the.
Additional documents:
Decision:
Cabinet APPROVED the write off of debts shown in the Exempt Appendices.
Reason for decision
i.
All
recovery methods had been considered and where appropriate pursued, before
making the decision to write off.
ii.
Officer
time can be maximised on greater returns, at the same time as ensuring robust
procedures for debt management are in place across all revenues streams.
Minutes:
KEY DECISION
Councillor Ronnie De Burle,
Portfolio Holder for Corporate Finance and Resources, introduced the report,
the purpose of which was to seek approval to write off debts, over the value of
£2,500, where officers believe that there is little or no prospect of
recovering them.
The Portfolio Holder for
Corporate Finance and Resources provided a summary of the report and
highlighted that robust financial management was a key priority and that was
evidenced by the Council’s ability to bring forward a balanced budget for
2020/21. Every effort had been made to
collect the debts identified in the report and the Council would continue to
work hard in this area and would take every opportunity available to realise
outstanding debt.
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Following debate and
discussion on this item Cabinet returned to public session.
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DECISION
Cabinet APPROVED the write off of debts shown in the Exempt Appendices.
Reason for decision