Individual Cabinet Member Decisions

Individual Cabinet Member Decisions

11/09/2020 - EKH loan - releasing EKH from the loan and writing the loan off ref: 5012    Recommendations Approved

The Council’s Financial Standing Orders require the write-off of any debt in excess of £20,000 to be approved by the Cabinet. Given the urgency, the Leader is requested to exercise this function directly.

 

In order to effect an orderly closure of EKH, the councils need to formally release EKH from its obligations to repay the loans made to it.

Decision Maker: Leader of the Council

Decision published: 11/09/2020

Effective from: 11/09/2020

Decision:

The write-off of loans made to EKH totalling £278,000.

Lead officer: Chris Blundell