LCPF December 2017 budget monitoring report
Decision Maker: Pension Fund Committee
Decision status: Recommendations approved
Is Key decision?: No
The Committee considered a report on the income and expenditure of the Fund for the period 1st April to 31st December, 2017, together with a comparison to the budget for the same period and a full year forecast with comparison for the full year budget to the 31st March 2018.
In response to a query regarding the figures in the report for the net surplus before realised and unrealised profits on investments the Head of Fund clarified that investment income had proved to be higher than had been predicted when the budget assumptions were made and any dividend income would be reinvested.
1. That the analysis of variances between actual results and the budgeted income and expenditure for the period 1st April to 31st December 2017, as set out in the report presented, is noted.
2. That the forecast full year financial performance against budget, as set out in the report presented, is noted.
Report author: Helen Gallacher
Date of decision: 23/03/2018
Decided at meeting: 23/03/2018 - Pension Fund Committee