Write off over £10,000 (Forward Plan Reference FP985)
Exempt report of the Corporate Director (Resources, Environment and Cultural Services) to seek approval of the write off of a commercial rent debtor.
Additional documents:
Decision:
Cabinet agreed to the write of debt in relation to an unrecoverable amount of commercial debt.
Minutes:
Exempt report of the Corporate Director (Resources, Environment and Cultural Services) to seek approval of the write off of a commercial rent debtor.
(1) The Decision Taken
RESOLVED:
(unanimous)
Cabinet agreed to the write of debt in relation to an unrecoverable amount of commercial debt.
(2) Reasons for the Decision
As part of the budget process, an allowance is made for losses to the General Fund for such write-offs. This write off remains within the allowance established in the 2020/21 budget, so will not result in a further charge to the General Fund.