Issue - meetings

This report presents the capital monitoring position at quarter 3 for the current financial year 2025/26.

The Committee considered a report that set out the capital monitoring position at quarter 3 for the current financial year 2025/26.

The following matter was considered:

a)             Stew Ponds. A Member expressed concern about delayed projects such as the stew ponds and the impact it might have on Section 106 (S106) or Community Infrastructure Levy (CIL) funds in that if funds are not spent before being reorganised then Epsom and Ewell would be disadvantaged if it gets put into a combined pot.  The Chief Accountant explained that Stew Ponds was to be funded by capital receipt rather than S106 or CIL and the reason for delay was the quotes received were significantly higher than budgeted for. She went on to say that S106 were legal agreements that specified what it was to be spent on so one could assume that those funds would stay in Epsom & Ewell. It was also believed that CIL funds stayed in the area it had been levied and not dispersed to other areas of East Surrey, but this would be confirmed following the meeting.

Following consideration the Committee unanimously resolved to:

(1)       Receive the capital monitoring position at quarter 3, as set out in the report:

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