Cabinet considered a report on the Corporate Debt Policy.
Cabinet noted that the policy had been compiled to consolidate the recovery process for all service areas within Spelthorne Borough Council and that the report included the recovery process for all invoices raised for the Council and a corporate process for all service areas to follow in relation to the collection and recovery of an outstanding debt.
Alternative options considered and rejected by the Cabinet:
No alternative options were considered.
Resolved to approve the Corporate Debt Policy.
Reasons for decision:
The Corporate Debt Policy has been compiled to consolidate the recovery process for all services areas within Spelthorne Borough Council. The policy formulates a corporate process for all invoices raised for the Council and brings together a corporate approach in relation to the collection of invoices raised, and the recovery process that will be used to secured payment.