Issue - meetings
Draft Pension Fund Annual Report and Accounts 2016/17
Meeting: 31/07/2017 - Pensions Committee (Item 6)
6 Draft Pension Fund Annual Report and Accounts 2016/17 PDF 112 KB
Report to follow
Additional documents:
Minutes:
Bola Tobun, Investment and Treasury Manager, presented a report which updated members on the arrangements for the preparation of the Pensions Fund Annual Report and Accounts 2016/17 in accordance with regulations and the arrangements for the separate audit engagements, opinion and certificate for the Fund.
Members were informed that assets had increased by over £200 million in the year and that funding levels had increased from 83% to 86%.
The Committee was advised that an updated version of the report will be circulated to members, prior to the report being submitted to Audit. The Pensions Fund Accounts are subject to the normal audit of accounts process; which is carried out in July and August 2017.
RESOLVED:
1. That the contents of the report be noted
2. Approve the Draft Pension Fund Accounts prior to submission foraudit;
3. Agree publication and distribution to interested parties onceapproved; and
4. Delegate authority to the Corporate Director, Resources to make any amendments to the Pension Fund Statement of Accounts that arise as a result of the audit, in advance of the publication of the accounts.