63 INSURANCE FUND ANNUAL REPORT PDF 668 KB
The report advised Members of the Insurance Fund position as at 31st March 2022 and presented statistics relating to insurance claims for the last two years. In 2021/22, the total Fund value decreased from £4.383m to £4.002. A mid-year review of the Fund had also been carried out and at this stage, it was estimated that the final Fund value as at 31st March 2023 would decrease to approximately £3.488m. The position would continue to be monitored throughout the year, but Members were asked to note at this stage that potential additional contributions may need to be considered as part of the 2023/24 budget setting process.
RESOLVED: That the Portfolio Holder be recommended to
1. Note the contents of the report
2. Note the potential increase in contributions to the Insurance Fund for the 2023/24 budget setting process.