Agenda item

Financial Impacts Update

Chief Officers to be heard.

Minutes:

Members received an update of the Committee’s Chief Officers with respect to the impacts of COVID-19 on their respective areas of work.

 

The Assistant Town Clerk advised Members that the Foreign Exchange service provider had terminated its contract with the City Information Centre.

 

The Director of the London Metropolitan Archives advised that although visit income had decreased, during the lockdown there had been an increased interest in archives during the lockdown period which could be accessed online.

 

The Director of Open Spaces advised that there had been a loss of income in Open Spaces attractions, however steps were being taken to reduce expenditure. A furlough scheme had been approved, to which the central government would provide financial contribution.

 

Further assessment would be undertaken in the coming months and an update would be provided to the Committee in September 2020.

 

RESOLVED, that – the updates be received.