Decision details

PROPERTY PORTFOLIO RENT ARREARS AND WRITE OFFS

Decision Maker: Pensions Committee

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Decisions:

The Head of Pensions (Finance and Risk) introduced the report of the Director of Pension to the Committee. The purpose of the report was to request that the Committee approve the write off of £28,000 of irrecoverable rent arrears from the Fund’s property portfolio. For context, the annual property rental income for 2022/23 was £31.7 million.

 

Resolved - That the Committee approve the write off of uncollectable property rental income of £28,000.

Report author: Peter Wallach

Publication date: 05/04/2024

Date of decision: 19/03/2024

Decided at meeting: 19/03/2024 - Pensions Committee

Accompanying Documents: