Issue - meetings

Writing off Debts - Delegation to Director of Finance and Corporate Services

Meeting: 30/11/2017 - Cabinet (Item 24)

24 Writing off Debts - Delegation to Director of Finance and Corporate Services pdf icon PDF 78 KB

To consider an increase in the write-off limit for delegation to the Chief Finance Officer.

Minutes:

Councillor Howell presented a report setting out the case for increasing the level to which the Director of Finance and Corporate Services, as the Council’s Chief Financial Officer, had delegated authority to “write off” debts.  He said the current level of £5,000 had not been reviewed for some time.  He recommended increasing the level to £10,000.  This change would reduce the need for reports to be submitted to Cabinet for decision, saving officer time in preparation and help ensure the Cabinet focused on strategic and major issues.

 

RESOLVED that the write off limit in paragraph 11.4 of the Financial Procedure Rules is increased from £5,000 to £10,000, to read:

Bad debts of up to £10,000 shall be written off by the Chief Financial Officer, having ascertained that all reasonable steps have been taken to recover the debt and that it would be uneconomical to purse the debt further. Cabinet approval is required to write off bad debts in excess of £10,000.