Issue - meetings

The Leader’s Portfolio

To consider report FIN/551 of the Head of Corporate Finance.

RESOLVED

That the Cabinet is recommended to approve the write-off of the Commercial Rent debt as set out in paragraph 5 of the report FIN/551.

Reasons for the Recommendations

The Council’s Constitution necessitates amounts exceeding £50,000 requiring write-off to be approved by the Cabinet.

The Leader presented report FIN/551 of the Head of Corporate Finance. The purpose of this report was to obtain approval to write-off a debt that was considered to be irrecoverable and exceeded the delegated limit of £50,000 per write-off. It was noted that a summary of debts to be written-off under delegated powers was also contained within the report. The Leader commented that he had been privy to the lengths that the Finance team chase debts to the Council and was satisfied that it was in the Council’s best interest to write off the proposed debts for accounting purposes.

RESOLVED

That the Cabinet approves the write-off of the Business Rates debt as set out below

Reasons for the Recommendations

The Council’s Constitution necessitates amounts exceeding £50,000 requiring write-off to be approved by the Cabinet.