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Venue: Committee Rooms, 2nd Floor, West Wing, Guildhall

Contact: Committee and Member Services
tel. no.: 020 7332 1426  Email: Philippa.Sewell@cityoflondon.gov.uk

Items
No. Item

1.

Apologies

Minutes:

Apologies were received from Alderman William Russell.

 ...  view the full minutes text for item 1.

2.

Members' declarations under the Code of Conduct in respect of items on the agenda

Minutes:

There were no declarations.

 ...  view the full minutes text for item 2.

3.

Public Minutes pdf icon PDF 120 KB

To agree the public minutes of the meeting held on 9 April 2014.

 

 ...  view the full agenda text for item 3.

Minutes:

RESOLVED – That the public minutes of the meeting held on 9 April 2014 were approved as a correct record.

 ...  view the full minutes text for item 3.

4.

HEFCE Annual Accountability Return 2014 pdf icon PDF 97 KB

Report of the Chief Operating and Financial Officer.

 

 ...  view the full agenda text for item 4.

Minutes:

The Committee considered a report of the Principal of the Guildhall School of Music and Drama which set out the details of the process for the Higher Education Funding Council (HEFCE) Accountability Return 2014.

 

The Town Clerk explained that the Audit and Risk Management Committee of the Board of Governors had met the previous day and had agreed that the Internal Audit Report should be submitted to the Board for approval, rather than for information.  The Committee discussed the presentation of reports to the Board of Governors and agreed that the Economy, Efficiency and Effectiveness report should also be submitted for approval, rather than for information.


RESOLVED – That the Committee:

a)    notes the report; and

b)    agrees that the Economy, Efficiency and Effectiveness report should be submitted to the Board of Governors for approval.

 ...  view the full minutes text for item 4.

4a

HEFCE Accounts Direction for 2014/2015 pdf icon PDF 205 KB

Report of the Principal of the Guildhall School of Music & Drama

 

 ...  view the full agenda text for item 4a

Minutes:

The Committee considered the report of the Principal of the Guildhall School of Music & Drama which set out the Accounts Direction issued by HEFCE for 2014/15.


RESOLVED – That the Committee notes the report.

 ...  view the full minutes text for item 4a

5.

Questions on matters relating to the work of the Finance & Resources Committee

Minutes:

There were no questions.

 ...  view the full minutes text for item 5.

6.

Any other business that the Chairman considers urgent

Minutes:

There were no urgent items.

 ...  view the full minutes text for item 6.

7.

Exclusion of the public

MOTION - That under Section 100A(4) of the Local Government Act 1972, the public be excluded from the meeting for the following items of business on the grounds that they involve the likely disclosure of exempt information as defined in Part I of Schedule 12A of the Local Government Act.

                                                                                     

 

                                                                                     

 ...  view the full agenda text for item 7.

Minutes:

RESOLVED – That under Section 100A(4) of the Local Government Act 1972, the public be excluded from the meeting for the following items of business on the grounds that they involve the likely disclosure of exempt information as defined in Paragraph 3 of Part I of Schedule 12A of the Local Government Act as follows:-

 

Item

Paragraph

8-14

3

 

 ...  view the full minutes text for item 7.

8.

Non Public Minutes

To agree the non-public minutes of the meeting held on 9 April 2014.

 

 ...  view the full agenda text for item 8.

Minutes:

The non-public minutes of the meeting held on 9 April 2014 were approved as a correct record.

 ...  view the full minutes text for item 8.

9.

HEFCE Report and Financial Statement for the year ended 31 July 2014

Report of the Chief Operating and Financial Officer.

 

 ...  view the full agenda text for item 9.

Minutes:

The Committee noted the report of the Principal of the Guildhall School of Music and Drama which set out the Reports and Financial Statements for the year ended 31 July 2014.

 ...  view the full minutes text for item 9.

9a

Annual Report to the Board of Governors and the Principal for the year ended 31 July 2014

Report of the Chief Operating and Financial Officer.

 

 ...  view the full agenda text for item 9a

Minutes:

The Committee noted the report of the Principal of the Guildhall School of Music and Drama which provided the Audit and Risk Management Sub-Committee’s Annual Report to the Board of Govenors and the Principal for the year ended 31 July 2014.

 ...  view the full minutes text for item 9a

9b

Economy, Effectiveness and Efficiency update Paper

Report of the Chief Operating and Financial Officer.

 

 ...  view the full agenda text for item 9b

Minutes:

The Committee noted the report of the Principal of the Guildhall School of Music and Drama which provided the annual review of economy, efficiency and effectiveness.

 ...  view the full minutes text for item 9b

10.

Schools Finance Review

Report of the Chief Operating and Financial Officer.

 

 ...  view the full agenda text for item 10.

Minutes:

The Committee noted the report of the Principal of the Guildhall School of Music and Drama which provided the Finance Review for September 2014.

 ...  view the full minutes text for item 10.

11.

Service Based Review Report

Report of the Principal of Guildhall School.

 ...  view the full agenda text for item 11.

Minutes:

The Committee considered and endorsed the report of the Principal of the Guildhall School of Music and Drama which set out the saving proposals for the Guildhall School as part of the Service Based review.

 ...  view the full minutes text for item 11.

12.

Budget Report

Report to follow.

 ...  view the full agenda text for item 12.

Minutes:

The Committee considered and approved the report of the Principal of the Guildhall School of Music and Drama which set out the budget position for the 2015/16 financial year.

 ...  view the full minutes text for item 12.

13.

Non Public Questions on matters relating to the work of the Finance & Resources Committee

Minutes:

A Member asked a question about the implications if the School chose to become a registered charity.

 ...  view the full minutes text for item 13.

14.

Any other business that the Chairman considers urgent and which the Sub Committee agree should be considered whilst the public are excluded

Minutes:

There were no urgent items.

 ...  view the full minutes text for item 14.

 


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