Item 8 - Debtors Update Report (E27/18)

Summary    

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

Recommendations    

The Executive is asked:

•    To note the level of outstanding debt of £27,906 in relation to borough, TfL and GLA invoices raised up until 31 July 2017, a reduction on the outstanding figure of £3.237 million reported to the Executive at its meeting on 12 September 2017;

•    To note the level of outstanding debt of £1.383 million in respect of borough, TfL and GLA invoices raised in the period 1 August to 31 December 2017;

•    To note the level of outstanding debt of £36,793 in relation to other debtors invoices raised up until 31 December 2017; and

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