The Head of Financial Services submitted a report (previously circulated now appended) for the approval and formal adoption of the Oxford City Council Debt Management Policy.

The Executive Director for Organisational Development and Corporate Services presented the report.  She explained that this draft Debt Management Policy was a refresh of the existing policy, dating from 2013, and that there were no major changes to note.  She briefed the Board on the recent organisational changes within the Council which meant that there was now a closer alignment of all service teams dealing with debt management.

The Board was pleased to note the good collection rates for 2014/15.

The City Executive Board resolved to

1.    APPROVE the Debt Management Policy, as set out in Appendix A to the report.