Item 8 - Debtors Update Report (E26/19)

 
Summary 
 
This report details the level of outstanding debt owed to London Councils from all sources as at 31 December 2018. 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 2018.

Recommendations 

The Executive is asked:
• To note the level of outstanding debt of £7.48 in relation to borough, TfL and GLA invoices raised up until 31 July 2018, a reduction on the outstanding figure of £2.863 million reported to the Executive at its meeting on 11 September 2018;
• To note the level of outstanding debt of £1.432 million in respect of borough, TfL and GLA invoices raised in the period 1 August to 31 December 2018;
• To note the level of outstanding debt of £22,608.92 in relation to other debtors invoices raised up until 31 December 2018;
• To approve the write-off of £6,249.80 in respect of the recovery of unused European Social Fund (ESF) community grant funding as detailed in paragraph 7: and
• To note the specific action being taken in respect of significant debtors, as detailed in paragraph 5 and 7 of this report.