The Director of Finance gave details of the elements which made up the Insurance Fund, the cost of running the Risk and Insurance Section and the budget for 2010/11. The headline from the Budget 2010/11 report was a reduction in estimated insurance costs for 2010/11 of £0.8 million which came partly as a result of extensive work undertaken with schools.

Resolved – That,

(1) the Insurance Fund Budget 2010/11 be agreed; and

(2) the savings of £430,000 to the General Fund and £350,000 to Schools in 2010/11 be agreed.