Issue - meetings

Insurance Fund Budget 2011-12

Meeting: 25/11/2010 - Cabinet (Item 230)

230 Insurance Fund Budget 2011-12 pdf icon PDF 84 KB


A report by the Director of Finance set out the elements which make up the Insurance Fund, the cost of running the Risk and Insurance Section and the Budget for 2011/12.  The headline from the Budget was a reduction in estimated insurance costs for 2011/12 of almost £0.9 million (22%), partly due to the better terms arising from a major procurement exercise and continuing improvements in the claims experience.




(1)  the Insurance Fund Budget 2011/12 be agreed;


(2)  savings of £588,000 to the General Fund and £285,000 to Schools in 2011/12 be agreed; and


(3)  the Director of Finance and his team be thanked for their hard work.