PWYLLGOR CRONFA BENSIWN DYFED

28/11/2019

 

 

MONITRO CYLLIDEB 1 EBRILL 2019 – 30 MEDI 2019

 

Rhoi'r wybodaeth ddiweddaraf i Bwyllgor Cronfa Bensiwn Dyfed am y sefyllfa gyllidebol fel yr oedd ar 30 Medi 2019

 

 

Yr Argymhellion / Penderfyniadau Allweddol Sydd Eu Hangen:  

Y Pwyllgor i derbyn yr adroddiad Monitro Cyllideb diweddaraf Cronfa Bensiwn Dyfed ac ystyried y sefyllfa gyllidebol.                                                              

 

Y Rhesymau:

Rhoi'r wybodaeth ddiweddaraf i Bwyllgor Cronfa Bensiwn Dyfed am y sefyllfa gyllidebol fel yr oedd ar 30 Medi 2019.

 

Ymgynghorwyd â'r pwyllgor craffu perthnasol

AMHERTHNASOL                                           

 

Angen i’r Bwrdd Gweithredol wneud penderfyniad  AMHERTHNASOL   

 

Angen i’r Cyngor wneud penderfyniad  AMHERTHNASOL        

          

Y Gyfarwyddiaeth:

Enw Pennaeth y Gwasanaeth:

Chris Moore

Awdur yr Adroddiad:

Chris Moore

 

Swyddi:

Cyfarwyddwr y Gwasanaethau Corfforaethol,

Cyngor Sir Gâr

 

 

Rhif ffôn: 01267 224120

Cyfeiriad E-bost:

CMoore@sirgar.gov.uk

 


EXECUTIVE SUMMARY

DYFED PENSION FUND COMMITTEE

 28/11/2019

 

 

BUDGET MONITORING 1 APRIL 2019 -  30 SEPTEMBER 2019

 

 

 

The position as at 30 September 2019 was an under spend compared to budget of £0.2m on cash items.

 

Expenditure

The net effect of Benefits Payable and Transfers Out is an over spend of £1,148k. This is mainly due to deferred pensioner lump sum payments which has resulted in a higher than anticipated pension increase. Management expenses are overspent by £2,253k.

 

Income

The net effect of Contributions, Investment Income and Transfers In is an increase of £3.6m. This is mainly due to a decrease in Investment Income of £1.7m, an increase in Transfers In of £3.4m together with an increase in contributions of £1.9m.

 

Total expenditure is estimated at £91.2m and total income estimated at £91.4m resulting in a positive cash flow position of £0.2m.

 

DETAILED REPORT ATTACHED?

YES

 


IMPLICATIONS

 

 

I confirm that other than those implications which have been agreed with the appropriate Directors / Heads of Service and are referred to in detail below, there are no other implications associated with this report :

 

Signed:        C Moore                                                           Director                           

 

Policy, Crime & Disorder and Equalities

 

Legal

Finance

ICT

Risk Management Issues

Staffing Implications

Physical Assets 

NONE

 

NONE

 

YES

 

NONE

 

NONE

 

NONE

 

NONE

 


Finance 

Overall, the Fund needs to maintain a positive cash flow balance to meet its obligations. The cash flow was positive by £0.2m as at 30 September 2019.

 

 

 

 


 

CONSULTATIONS

 

I confirm that the appropriate consultations have taken in place and the outcomes are as detailed below

 

Signed:       C Moore                                                           Director

 

 

1. Scrutiny Committee

NA

2.Local Member(s) 

NA

3.Community / Town Council

NA

4.Relevant Partners 

NA

5.Staff Side Representatives and other Organisations 

NA

 

 

Section 100D Local Government Act, 1972 – Access to Information

List of Background Papers used in the preparation of this report:

THERE ARE NONE

Title of Document

 

File Ref No.

Locations that the papers are available for public inspection