Issue - meetings

CIL Annual Report Regulation 62 Statement

Meeting: 15/11/2018 - Licensing and Planning Policy Committee (Item 31)

31 CIL Annual Report Regulation 62 Statement pdf icon PDF 81 KB

This report has been prepared for the Committee’s information.  Members are asked to note the content of the latest Regulation 62 report for the year April 2017 until March 2018, which will be published on the Borough Council’s website before 31 December 2018.

Additional documents:

Decision:

The Committee noted the contents of the Regulation 62 Report for the year April 2017/2018.

Minutes:

The Committee received the Regulation 62 report for 2017/2018, prior to publication on the Council’s website.  The report set out how much CIL had been spent, allocated or still available to allocate. 

Whilst individual sums collected were not allocated to specific infrastructure projects, it was explained that all CIL monies collected were combined into one fund and split as follows:

·       80% to main infrastructure projects

·       15% to local schemes

·       5% for administration

It was noted that CIL receipts were recorded in line with the Council’s financial regulations and receipts were defined as monies that had been invoiced but not necessarily received. It was further noted that the CIL regulations allow phased payments for larger development proposals.  This could result in invoices being paid in stages, which may extend over a nine month period, and could lead to some CIL liable developments being reported across two reporting years. 

Accordingly, the Committee noted the contents of the Regulation 62 Report for the year April 2017/2018.