Item 10 - Debtors Update Report (E13/9)

Summary    

This report details the level of outstanding debt owed to London Councils from all sources as at 31 July 2016. This report also details the reduction in the level of outstanding debt due from boroughs, TfL and the GLA in the period to 31 December 2015. 

Recommendations    

The Executive is asked:

•    To note the level of outstanding debt of £52.50 in relation to borough, TfL and GLA invoices raised up until 31 December 2015, a reduction on the outstanding figure of £1.352 million reported to the Executive at its meeting on 1 March 2016;

•    To note the level of outstanding debt of £4.064 million in respect of borough, TfL and GLA invoices raised in the period 1 January to 31 July 2016;

•    To note the level of outstanding debt of £466,364.58 in relation to other debtors invoices raised up until 31 July 2016; 

•    To approve the write-off of £1,517.93 in respect of the invoice to the Mosaada Centre for Single Women to recover unused European Social Fund (ESF) community grant funding; and

•    To note the specific action being taken in respect of significant debtors, as detailed in paragraph 6 and 9 of this report.