Agenda item

Business Review

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