Issue - meetings

The Leader’s Portfolio

To consider report FIN/436 of the Head of Finance, Revenues and Benefits.

The Leader presented report FIN/436 of the Head of Finance, Revenues and Benefits. The purpose of this report was to obtain approval to write-off a debt that was considered to be irrecoverable and exceed 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 go to in chasing debts owed to the Council and was satisfied that it was now in the Council’s best interest to write off the proposed irrecoverable debts in line with accounting best practice.

RESOLVED

That the Cabinet approves the write-off of amounts exceeding £50,000 as detailed in the table below:

Reasons for the Recommendations

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