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 2024, the movement in cash balances during the last quarter (for copy see file of Minutes).

Councillor J Atkinson asked as regards the £38 million listed as cash held.  The Finance Manager (Revenue, Pensions and Technical Services), Jo McMahon explained this was cash that Fund Managers held on our behalf to be reallocated as required.

Resolved:

That the information contained in the report be noted.