Report of the Chief Operating & Financial Officer.
Minutes:
The Committee received a report of the Chief Operating & Financial Officer setting out the Business Review for the Period 10 Accounts 2017/18. The following points were made.
· Members were advised that the target for unrestricted income was achieved at £97K. It was noted that the Barbican Ball in February 2018 was very successful and Officers were commended for the hard work that went into this event.
· An Officer noted that the grey shading in report graphs was very difficult to decipher. It was recommended that more distinguishable shading be used or that graphs be provided in colour.
· In response to a query regarding the process for dealing with currency risk, Members were advised that an arrangement was in place with the Chamberlain to hedge funding. This is protected as a department with an agreed fixed cap.
· The Deputy Chairman queried the rationale for