Agenda item

The Committee considered a report of the Corporate Director of Resources which provided an update on the overall value of the Pension Fund investments to 31 December 2022, the movement in cash balances during the last quarter (for copy see file of Minutes).

Councillor B Kellett noted paragraph 16 of the report set out that the forecast indicated net cash outflows in future quarters of and asked as regards the large variation.  The Finance Manager - Revenue, Pensions and Technical Accounting, Jo McMahon explained that the projections reflected the increased contributions following the triennial valuation.

Resolved:

That the information contained in the report be noted.