Insurance Fund Budget 2012-13
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
A report by the Director of Finance set out the elements which made up the Insurance Fund, the cost of running the Risk and Insurance Section and the Budget for 2012/13. The Insurance Fund Budget was one element of the Council Budget setting process.
(1) the Insurance Fund Budget 2012/13 be agreed;
(2) the Budget Surplus Reserve of £136,030 be used to limit the increase in cost to the General Fund for 2012/13; and
(3) savings to schools (subject to Academy transfers) of £226,000 and increased costs to the General Fund of £20,000 for 2012/13 be agreed.
Publication date: 29/11/2011
Date of decision: 24/11/2011
Decided at meeting: 24/11/2011 - Cabinet
Effective from: 07/12/2011