Issue - meetings
Write-off of irrecoverable retail-related arrears with balances over £10,000
Meeting: 20/03/2024 - Audit and Governance Committee (Item 62)
62 Write-off of irrecoverable retail-related arrears with balances over £10,000 
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Report of the Executive Director of Place
Additional documents:
- Appendix A – Irrecoverable Retail Related Write Offs over £10,000 , View reasons restricted (62/2)
Minutes:
The Committee considered the report of the Executive Director of Place which requested the authorisation of the Committee to write off the debts listed in the appendix to the report.
As outlined within the Council’s Constitution, all outstanding debts of £10,000 and over cannot be written off without Member approval.
RESOLVED: That
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(1) |
the write off of all individual debts of £10,000 and over detailed in the appendix to this report be approved in accordance with the Financial Procedure Rules. The total net amount for write off is £1,307,512.94 (excl. VAT); and
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(2) |
the Executive Director (Place) will write off individual bad debts of up to £10k as detailed in the appendix to this report, in consultation with the Section 151 Officer and the Monitoring Officer be noted, in accordance with the Financial Procedure Rules. The total net amount for write off is £131,337.01 (excl. VAT). |