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 March 2023, the movement in cash balances during the last quarter (for copy see file of Minutes).

Councillor M Porter referred to paragraph 11 and asked as regards the cash outflow exceeding budgets and whether this had been mapped in advance and whether processes were in place to do so.  The Finance Manager - Revenue, Pensions and Technical Accounting, Jo McMahon explained that the issue arose from the timing of payment of some creditors’ invoices.

Resolved:

That the information contained in the report be noted.