Issue - meetings

Debt Management Performance 2023/24 (Quarter 3)

Meeting: 19/03/2024 - Cabinet (Item 102)

102 Debt Management Performance 2023/24 (Quarter 3) pdf icon PDF 103 KB

Minutes:

The Cabinet Member for Finance, Growth and Core Services presented the latest debt management performance report covering the third quarter of the 2023/24 financial year.

 

The Cabinet Member referred to the main highlights within the report which showed that overall collection rates had increased by 7% on last year (equivalent to an additional £21.6m of income).  The Cabinet Member stressed the importance of maximising collection of both in-year and older debts in order for the Council to continue to provide much needed services to the local community, whilst also acknowledging the difficulties that many faced as a consequence of the Government’s mishandling of the economy which had led to the cost-of-living crisis.

 

Cabinet resolved to note the performance of the debt management function carried out by the Council’s Collection service, including the improvements in collection in some areas and the challenges in others.