Issue - meetings

10:55

This report (PF9) proposes the key objectives for the forthcoming year, along with the proposed Budget and Cash Management Strategy. These objectives seek to address the key risks facing the Committee as identified within the Risk Register.

The Committee is RECOMMENDED to:

(a)      approve the Business Plan and Budget for 2018/19 as set out at Annex 1;

(b)      approve the Pension Fund Cash Management Strategy for 2018/19;

(c)      delegate authority to the Director of Finance to make changes necessary to the Pension Fund Cash Management Strategy during the year, in line with changes to the County Council’s Treasury Management Strategy;

(d)      delegate authority to the Director of Finance to open separate pension fund bank, deposit and investment accounts as appropriate; and

(e)      delegate authority to the Director of Finance to borrow money for the pension fund in accordance with the regulations

(a)  Approved;

(b)  Approved;

(c)  Approved;

(d)  Approved;

(e)  Approved.

Sean Collins undertook to arrange for representatives from the Brunel PP to come along to the next meeting in June to respond to discuss how the business of the Committee was likely to change and its relationship with Brunel PP in relation to Asset Management from April 2019.

The Committee considered a report (PF9) which proposed the key objectives for the forthcoming year, along with the proposed Budget and Cash Management Strategy. These objectives sought to address the key risks facing the Committee as identified within the Risk Register.

Sean Collins undertook to arrange for representatives from the Brunel Pension Partnership (BPP) to come along to the next meeting on 8 June 2018 to respond to any questions members may have and, in particular, to discuss how the business of the Committee was likely to change and its relationship with BPP in relation to Asset Management from April 2019.

RESOLVED: to

(a)  approve the Business Plan and Budget for 2018/19, as set out at Annex 1;

(b)  approve the Pension Fund Cash Management for 2018/19;

(c)  delegate authority to the Director of Finance to make changes necessary to the Pension Fund Cash Management Strategy during the year, in line with changes to the County Council’s Treasury Management Strategy;

(d)  delegate authority to the Director of Finance to open a separate pension fund bank, deposit and investment accounts as appropriate; and

(e)  delegate authority to the Director of Finance to borrow money for the pension fund in accordance with the regulations.

Sean Collins undertook to arrange for representatives from the Brunel PP to come along to the next meeting in June to respond to discuss how the business of the Committee was likely to change and its relationship with Brunel PP in relation to Asset Management from April 2019.