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ERC - Cabinet being asked to approve the write off of unrecoverable debt, which totals £1,326,037.
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TOPIC: ERC - Cabinet being asked to approve the write off of unrecoverable debt, which totals £1,326,037.

ERC - Cabinet being asked to approve the write off of unrecoverable debt, which totals £1,326,037. 5 years ago #1

  • Ernhw Ltd
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Over £1.5 million, however the staff break it down to three reports. It is recommended that the Cabinet: (a) approves the write off of the following sums, totalling up to £352,890.57 without prejudice to subsequent recovery procedure:  Council tax arrears totalling up to £218,584.00  Sundry debt income totalling up to £43,567.03  Housing Benefit Overpayments totalling up to £90,739.54 (b) notes that Water and Sewerage charges totalling up to £72,163.54 are also being written off in discussion with Scottish Water.

Re: ERC - Cabinet being asked to approve the write off of unrecoverable debt, which totals £1,326,037.22 5 years ago #2

  • Ernhw Ltd
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It is recommended that Cabinet: (a) approves the write-off sum up to the value of £75,323.02 of former tenant irrecoverable rents and court expenses whilst acknowledging these can be pursued and recovered in future should additional information and opportunities arise; (b) notes that £71,222.59 of this amount is written off against the Housing Revenue Account (HRA) and the remaining £4,100.43 is written off against the Non HRA as this was accrued by homeless households placed in temporary accommodation

Re: ERC - Cabinet being asked to approve the write off of unrecoverable debt, which totals £1,326,037.22 5 years ago #3

  • Ernhw Ltd
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The purpose of this report is to seek approval to write-off as irrecoverable NonDomestic Rates totalling £897,823.63

Re: ERC - Cabinet being asked to approve the write off of unrecoverable debt, which totals £1,326,037.22 5 years ago #4

  • Ernhw Ltd
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3. The Council debt recovery policy lists situations where write-off of debts will be
considered when all viable means of collection are exhausted. As per standard accountancy
practise, when it is clear that all viable means of collection are exhausted, the debt is written
off and a release from the bad debt provision is used to offset this expense. There is no net
impact on the overall revenue accounts of the Council as “bad debt provision” has already
been provided for the debt not being repaid. The Council sets the level of “bad debt
provision” at a prudent level to minimise risk to the Council.

Re: ERC - Cabinet being asked to approve the write off of unrecoverable debt, which totals £1,326,037.22 5 years ago #5

  • Ernhw Ltd
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If we look at just one heading - Housing Benefit - Overpayments. £90,739.54 wrongly overpayed by ERC staff and unrecoverable. Is it any wonder they require to pull £50k from the Westminster Governments contingency fund to cover Universal Credit crisis loans?
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