Issue - meetings

Corporate Debt Write Offs

Meeting: 08/02/2023 - Cabinet (Item 68)

68 CORPORATE DEBT WRITE OFFS pdf icon PDF 194 KB

The Portfolio Holder for Corporate Governance, Finance and Resources to submit a report seeking approval to write off debts, over the value of £2,500 where there is little or no prospect of recovering them.

Additional documents:

Decision:

Cabinet:

 

1)    NOTED the action taken by the Council to recover outstanding debts.

2)    APPROVED the write-off debts shown in Exempt Appendices 1-4.

Minutes:

Director for Corporate Services introduced the report the purpose of which was to seek approval from Members to write off debts over the value of £2,500 where there was little or no prospect of recovering them.

 

The Portfolio Holder for Corporate Governance, Finance and Resources thanked the Director for Corporate Services for introducing the report. He explained that some debts are not economical or possible to collect and in these circumstances they need to be removed from the accounts in order to keep them up to date.

 

Cabinet:

 

1)    NOTED the action taken by the Council to recover outstanding debts.

2)    APPROVED the write-off debts shown in the exempt Appendices 1-4.

 

Reasons for Recommendations:

All recovery methods have been considered and where appropriate pursued, before recommending that debts are written off.

 

Officer time can be maximised on greater returns, focusing on debts where there is more realistic chance of recovery.


 

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