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					                                EXECUTIVE MEMBER BRIEFING PAPER

                          TO:   EXECUTIVE BOARD


                          FROM: DIRECTOR OF FINANCE


                      DATE:     18 JULY 2002


PORTFOLIOS AFFECTED:
                                ALL

WARDS AFFECTED:
                                ALL


TITLE OF BRIEFING PAPER         NATIONAL NON-DOMESTIC RATES YEAR
                                END WRITE OFFS (Prerequisite to Closure
                                of Accounts)

1. PURPOSE
          To request Members to write-off individual accounts of over £20,000 in
          accordance with Financial Regulation B7(iii).

2. RECOMMENDATIONS
         The Executive Board is requested to write-off Non-Domestic Rate
         Accounts totalling £115,908.45 in accordance with Financial Regulation
         B7(iii).

3. KEY ISSUES
           The write-offs represent official liquidations, insolvencies or where
           companies have been wound up and dissolved and submitted during
           the 2001/02 financial year.

4. RATIONALE
          In each case it is unlikely that any dividend or repayment will be
          forthcoming. A breakdown for each category of write-off is appended
          below:

            Dissolved                 1 account               £   35,234.63
            Liquidation               1 account               £   31,728.90
            Wound up                  1 account               £   20,127.42
            Insolvency                1 account               £   28,817.50
                                       =                      £ 115,908.45
5. POLICY IMPLICATIONS
           None


6. FINANCIAL IMPLICATIONS
           To write-off the amount of £115,908.45 in non-recoverable national
           non-domestic rates for the year 2001/02, provision has already been
           made within the accounts for such write-offs.


7. LEGAL IMPLICATIONS
           Individual write-offs in excess of £20,000 require the approval of the
           Executive Board under the new Constitution Arrangements.


8. RESOURCE IMPLICATIONS
          None


9. CONSULTATIONS
          None



CONTACT OFFICER:          Alan Cotton, Director of Finance
DATE:                     5th July 2002
BACKGROUND PAPER:         Rate records held by the Director of Finance

				
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