Issue - meetings

To advise Members of the outcome of the consortium tendering exercise and seek approval to the establishment of a risk management fund.

(Report attached)

RESOLVED that

1)         the success of the tendering exercise be noted;

2)         a sum of £15,000 per year for the duration of the Insurance contract be set aside for risk management purposes; and

3)         authority be delegated to the Head of Financial, Revenues and Benefits Services, in consultation with the Risk Monitoring Group and the relevant Portfolio Holder, to utilise these monies.

Members were advised of the outcome of a consortium tendering exercise in respect of the Council’s insurance contracts. Considerable savings had been achieved and it was recommended that a proportion of this be set aside for risk management purposes.

RESOLVED that

1)         the success of the tendering exercise be noted;

2)         a sum of £15,000 per year for the duration of the Insurance contract be set aside for risk management purposes; and

3)         authority be delegated to the Head of Financial, Revenues and Benefits Services, in consultation with the Risk Monitoring Group and the relevant Portfolio Holder, to utilise these monies.