Section 106 debt
Report of the Deputy Chief Executive (Corporate Direction)
Minutes:
Following a request at the previous meeting, members received a report on Section 106 debt over 120 days old. It was acknowledged that some had not been progressed as expediently as they could have been, but that new processes had been implemented and the system was now closely monitored.
141 Aged Debt In Commercial Property PDF 116 KB
Report of the Deputy Chief Executive (Corporate Direction)
Additional documents:
Minutes:
Following a request at the previous meeting, members received a report on aged debt in relation to commercial property. It was noted that the local press had reported incorrect figures from the report to the previous meeting and it was confirmed that the authority was not owed £500,000 rent. Members asked how the level of debt compared with previous years, and it was agreed that this would be reported to members.
89 Aged debt - 1st quarter PDF 164 KB
Report of the Deputy Chief Executive (Corporate Direction).
Minutes:
The Committee was informed of the position on sundry debts at 30 June 2015. The reasons for the ‘homelessness’ debt being consistently high was explained in that bonds were provided to secure accommodation but due to the nature of the arrangement, whilst every attempt is made, it is often not possible to recoup that money.
A report on the high levels of debt over 120 days in relation to Estates was requested to a future meeting.
RESOLVED – the report be noted and a report on the Estates debt be brought to the next meeting.