Decision details

The Cabinet will be asked to consider a revised Debt Management Policy for the Council

The Cabinet Member for Finance, Revenues and Benefits presented a report on a new Debt Management Policy for the Council which had been developed in conjunction with the Council’s partner, Elevate East London, and considered by the Public Accounts and Audit Select Committee at its meeting on 28 September 2011.

The Cabinet Member advised that the policy maintained the principles of providing support to those who were unable to pay and rigorously pursuing those who chose not to pay.  The policy also established revised arrangements for the write-off of debts owed to the Council.

Cabinet agreed to adopt the new Debt Management Policy as set out at Appendix A to the report.