Issue - meetings

This report presents the capital monitoring position at Quarter 1 for the current financial year 2025/26.

The Committee received a report presenting the capital monitoring position at Quarter 1 for the current financial year 2025/26.

The following matters were considered:

a)            CIL funds. A Member of the Committee asked if the Council hold all the CIL funds that have been promised and invoiced. The Chief Accountant explained that the table in 7.2 sets out the current CIL funds that are held by the Council, and it shows invoices outstanding as of June the 30^th 2025. She informed the Committee that the reason some invoices are outstanding is because developers are allowed to pay over two or three instalments. This is normally the case with big developments because the amount of CIL due is a significant sum. The Chief Accountant explained that the Council has a good recovery rate for CIL, mainly due to there being lots of legislation governing it, so there is not a lot of outstanding debt over 12 months old. The Member asked if there have been any developers who have defaulted on their CIL payments. The Chief Accountant agreed to check with the Developer Contributions Officer and let the Member know following the meeting.

Following consideration, the Committee unanimously resolved to:

(1)      Receive the capital monitoring position at quarter 1, as set out in the report:

(2)      Note the progress of capital projects as set out in Appendix 1.