Management of Corporate Debt - Write Off of Outstanding Amounts
Report of Councillor J Kenyon, Portfolio Holder for Economy, Transformation & Climate Change.
(Paragraphs 3 & 5)
Decision:
RESOLVED - That Cabinet agreed to the proposed write off of debts in respect of rents, council tax and business rates as detailed in Appendix 1 to the report.
REASONS FOR DECISION – All available options to recover this debt had been explored with write off being the final option in the debt management process.
OTHER OPTIONS CONSIDERED AND REJECTED – These were outlined in the main body of the report.
Please note that this was not a Key Decision so can be implemented by officers with immediate effect.
Minutes:
Cabinet considered a proposal to the write off of debts in respect of rents, council tax and business rates as detailed in Appendix 1 to the report.
Members supported the proposal because they felt it struck the balance between collecting as much debt as possible, but not committing resources to debt that was unobtainable.
RESOLVED - That Cabinet agreed to the proposed write off of debts in respect of rents, council tax and business rates as detailed in Appendix 1 to the report.
REASONS FOR DECISION – All available options to recover this debt had been explored with write off being the final option in the debt management process.
OTHER OPTIONS CONSIDERED AND REJECTED – These were outlined in the main body of the report.