Skip to main content

Item 9 - Debtors Update Report (E28/17)

Summary    

This report details the level of outstanding debt owed to London Councils from all sources as at 31 December 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 July 2016. 

Recommendations    

The Executive is asked:

•    To note the level of outstanding debt of £10,911 in relation to borough, TfL and GLA invoices raised up until 31 July 2016, a reduction on the outstanding figure of £4.064 million reported to the Executive at its meeting on 13 September 2016;

•    To note the level of outstanding debt of £994,622.20 in respect of borough, TfL and GLA invoices raised in the period 1 August to 31 December 2016;

•    To note the level of outstanding debt of £95,607.94 in relation to other debtors invoices raised up until 31 December 2016; 

•    To approve the write-off of £18,750 in respect of three invoices to recover European Social Fund (ESF) community grant funding as detailed in paragraph 8; and

•    To note the specific action being taken in respect of significant debtors, as detailed in paragraph 6 and 8 of this report.