Recommendations
The Executive is asked:
• To note that all borough, TfL and GLA debts raised up to 31 ecember 2019 and reported to the Executive at its meeting on 3 March 2020 have been paid;
• To note the level of outstanding debt of £1.83 million in respect of borough, TfL and GLA invoices raised in the period 1 January to 31 July 2020;
• To note the level of outstanding debt of £229,000 in relation to other debtors invoices raised up until 31 July 2020;
• To note that the impact of the Covid-19 pandemic on the finances of member boroughs, TfL and GLA has not led to an increase in the value of unpaid invoices; and
• To note the specific action being taken in respect of significant debtors, as detailed in paragraph 5, 6, and 9 of this report.