Agenda item

The Committee considered a report of the Corporate Director of Resources which presented the Pension Fund Accounts for the year ended 31 March 2018 and raised any significant issues arising from the accounts (for copy see file of Minutes).

In response to a question from Councillor Temple the Committee was advised that the Pension Fund had provided loans in the 1970s to Durham County Council and Sunderland City Council. These were outstanding because of the rate of interest earned. Other investment balances of £1.2m were outstanding sales and purchases of Fund Managers at the year end.

Resolved:

That the content of the report be noted.