Summary
This report details the level of outstanding debt owed to London Councils from all sources as at 31 December 2014. This report also details the reduction in the level of outstanding debt due from boroughs, TfL and the GLA in the period to 31 July 2014.
Recommendations
The Executive is asked:
• To note the level of outstanding debt of £23,559.47 in relation to borough, TfL and GLA invoices raised up until 31 July 2014, a reduction on the outstanding figure of £4.056 million reported to the Executive at their meeting on 9 September 2014;
• To note the level of outstanding debt of £1.458 million in respect of borough, TfL and GLA invoices raised in the period 1 August to 31 December 2014;
• To note the level of outstanding debt of £281,368.33 in relation to other debtors invoices raised up until 31 December 2014; and
• To note the specific action being taken in respect of significant debtors, as detailed in paragraph 6 and 9 of this report.