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Resolved –
 

A.        
That the latest expenditure forecast of
£6.91m against a budget of £7.26m for 2023/24, net
underspend of £0.35m be noted.

 

B.        
That the proposed budget of £8.32m for
2024/25, with inflation increase of £1.06m (14.56%) be
approved.
 

C.    
That the WYPF total cost per member of £42.68 is the lowest
within LGPS (2nd
£74.60). Projected total cost per member
for 2024/25 of £57.34 will maintain our cost performance
going forward be noted.

 

D.        
That at the time of writing this report Bradford
accounts for 2021/22 and 2022/23 are delayed therefore, the WYPF
accounts are also delayed, be noted.
 
To be actioned
by: the Managing Director, West Yorkshire Pension Fund