Agenda and minutes

Finance Committee of the Barbican Centre Board - Tuesday, 8th November, 2016 11.15 am

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

Contact: Gregory Moore
tel. no.: 020 7332 1399  Email: gregory.moore@cityoflondon.gov.uk

Items
No. Item

1.

Apologies

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

Minutes:

Apologies were received from Wendy Hyde.

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

2.

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

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

Minutes:

There were none.

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

3.

Minutes pdf icon PDF 125 KB

To approve the public minutes and summary of the meeting held on 12 September 2016.

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

Minutes:

The public minutes of the meeting held on 12 September 2016 were agreed.

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

4.

Outstanding Actions pdf icon PDF 28 KB

Report of the Town Clerk.

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

Minutes:

The Committee noted the outstanding actions list and received the updates thereon.

 

The Chief Operating & Financial Officer took the opportunity to confirm that credit vouchers were extended beyond the six month limit upon request.

 

RECEIVED.

 

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

5.

Gateway 7: Bar Investment pdf icon PDF 501 KB

Report of the Chief Operating & Financial Officer.

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

Minutes:

The Committee considered a report of the Chief Operating & Financial Officer which provided the outcome and lessons learnt from a project undertaken to bring the Barbican’s bar operations in-house.

 

RESOLVED: That the lessons learnt be noted and the project closed.

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

6.

Questions on matters relating to the work of the Committee

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

Minutes:

There were no questions.

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

7.

Any other business the Chairman considers urgent

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

Minutes:

There were no urgent items.

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

8.

Exclusion of the Public

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

 

 

 

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

Minutes:

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

Item No.

Exemption Paragraph(s)

9 - 16

3

 

 

 

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

9.

Non Public Minutes

To approve the non-public minutes of the meeting held on 12 September 2016.

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

Minutes:

The non-public minutes of the meeting held on 12 September 2016 were agreed.

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

10.

Budget 2017/18

Report of the Chief Operating & Financial Officer (to follow).

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

Minutes:

The Committee considered and approved a report of the Chief Operating & Financial Officer presenting the draft budget for 2017/18.

 

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

11.

Business Review

Report of the Chief Operating & Financial Officer.

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

Minutes:

The Committee received a report of the Chamberlain setting out the Business

Review for the Period 6 Accounts 2016/17.

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

12.

Development Update

Report of the Chief Operating & Financial Officer.

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

Minutes:

The Committee received a report of the Chief Operating & Financial Officer

which set out the latest fundraising results against budget.

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

13.

SBR / Strategic Plan Update

Report of the Managing Director.

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

Minutes:

The Committee received a report of the Managing Director providing an update

in respect of the Barbican’s Strategic Plan and Service Based Review Targets.

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

14.

Capital Cap Update

Report of the Chief Operating & Financial Officer.

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

Minutes:

The Committee considered and approved a report of the Director of Operations & Buildings providing an update on the Barbican Centre’s Capital Cap programme and a number of non-Capital Cap projects.

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

15.

Issue Report: Level 4 Refurbishment

Report of the Chief Operating & Financial Officer.

 ...  view the full agenda text for item 15.

Minutes:

The Committee considered and approved a report of the Managing Director concerning issues encountered during a project to refurbish Level 4.

 

 ...  view the full minutes text for item 15.

16.

Issue Report: Retail Unit

Report of the Managing Director.

 ...  view the full agenda text for item 16.

Minutes:

The Committee considered and approved a report of the Managing Director concerning issues encountered during the construction of a new retail unit at the Centre.

 ...  view the full minutes text for item 16.

17.

Questions on matters relating to the work of the Committee

 ...  view the full agenda text for item 17.

Minutes:

There were no questions.

 ...  view the full minutes text for item 17.

18.

Any other business the Chairman considers urgent

 ...  view the full agenda text for item 18.

Minutes:

There were no urgent items.

 ...  view the full minutes text for item 18.