Item 9 - Debtor's Update (including appendices) (ex12/9)

Summary    

This report details the level of outstanding debt owed to London Councils from all sources as at 31 July 2017. 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 2016. 

Recommendations    

The Executive is asked:

•    To note that all borough, TfL and GLA debts raised up to 31 December 2016 and reported to the Executive at its meeting on 28 February 2017 have been paid;

•    To note the level of outstanding debt of £3.237 million in respect of borough, TfL and GLA invoices raised in the period 1 January to 31 July 2017;

•    To note the level of outstanding debt of £76,633.26 in relation to other debtors invoices raised up until 31 July 2017; and

•    To note the specific action being taken in respect of significant debtors, as detailed in paragraph 5 and 8 of this report.