Issue - decisions
Insurance Fund Annual Report 2009-10
The Director of Finance submitted a report which provided a review of the Risk and Insurance activity during 2009/10 and the plans for 2010/11. It also detailed the current status of the liability, fire and motor claims fund and the impact of measures taken to improve the management of risk. He reported a surplus of £2.47 million in respect of the Liability section of the Insurance Fund which could be returned to the General Balance in 2009/10.
Resolved – That,
(1) the transfer of £2,471,000 from the Insurance Fund to the General Fund balance be agreed and the thanks of the Cabinet be conveyed to all those involved;
(2) regular updates on the progress in Insurance and Risk Management continue to be presented to the Audit & Risk Management Committee;
(3) the Insurance Fund budget for 2011/12 be presented to Cabinet in November 2010.