Decision details

Cabinet considered a report of Councillor P Parkin, Portfolio Holder for Finance, on the Management of the Council’s Corporate Debt.  The report sought Cabinet’s approval for the write off of outstanding debts. 

Cabinet discussed the report.  Members asked for and received an assurance that everything possible had been done to recover the debts before determining that they could not be recovered and had to be written off.

RESOLVED:

That Cabinet agreed to write-off the debts as specified in the report

REASONS FOR DECISION:

All available options to recover these debts had been explored.  The write off was the final option in the debt management process. 

ALTERNATIVE OPTIONS CONSIDERED BUT REJECTED:

Other options were considered, but rejected for the reasons specified in the report.