Venue: Committee Rooms - West Wing, Guildhall
Contact: Sacha Than (interim cover)
tel. no.: 020 7332 3419
Email: sacha.than@cityoflondon.gov.uk
No. | Item |
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Apologies Minutes: Apologies were received from Deputy Jamie Ingham Clark, Deputy Clare James, Andrien Meyers, James de Sausmarez and Ian Seaton.
The Chairman and Board thanked former Clerk to the Board, Philippa Sewell for her work. |
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Members' Declarations under the Code of Conduct in respect of items on the agenda Minutes: Alexander Barr declared an interest due to working for Aberdeen Asset Management which is merging with Standard Life.
Deputy Philip Woodhouse declared that he had received an invitation to Ruffer LLP on a private basis. |
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Minutes of the previous meeting PDF 187 KB To agree the public minutes and non-public summary of the meeting held on 18 May 2017. Minutes: RESOLVED - That the public minutes and non-public summary of the meeting held on 18 May 2017 be agreed as a correct record. |
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Report of the Town Clerk. Minutes: The Board received the list of Outstanding Actions. In response to the Chairman’s question, the Chamberlain explained that the current (2017/18) Treasury Management Strategy allowed for investments with up to three years maturity.
RESOLVED – That the report be noted. |
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Monthly Investment Analysis Review PDF 449 KB Report of the Chamberlain. Additional documents: Minutes: The Board received the monthly review for May 2017 which detailed the list of current investments. Members discussed the report in detail and noted that there would be further discussion on the investments at item 12.
RESOLVED – That the analysis review be noted. |
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Risk Register for Bridge House Estates PDF 92 KB Report of the Chamberlain. Additional documents:
Minutes: The Board received the risk register for Bridge House for review. Members noted that the risks set out in the report ensured the Board were meeting their statutory requirements.
RESOLVED – That the Board:
a) review the two risks currently on the register for the Financial Investment Board, relating to a potential reduction in income from non-property investments and cash balances, and confirm that appropriate control measures are in place, and; b) confirm that there are no other risks relating to the services overseen by the Financial Investment Board which should be added to the BHE risk register. |
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Questions on matters relating to the work of the Committee Minutes: There were no questions. |
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Any Other Business that the Chairman considers urgent Minutes: There was no other business. |
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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. 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. Paragraph(s) in Schedule 12A 10-18 3 19-20 - |
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Non-public minutes of the previous meeting To agree the non-public minutes of the meeting held of 18 May 2017. Minutes: RESOLVED - That the non-public minutes of the meeting held on 18 May 2017 be agreed as a correct record. |
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Non-Public Outstanding Actions Report of the Town Clerk. Minutes: The Board received the list of non-public outstanding actions.
RESOLVED – That the report be noted. |
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Treasury Management - Medium Term Cash Investment Opportunities Report of the Chamberlain (To Follow). Minutes: The Board considered a report of the Chamberlain. |
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Review of Investment Strategy Report of Mercer. Minutes: The Board considered a report of Mercer. |
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Hampstead Heath Trust & Charities Pool Investment Performance monitoring to 31 March 2017 Report of the Chamberlain. Minutes: The Board noted a report of the Chamberlain. |
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Charities Pool Survey Results Report of the Chamberlain. Minutes: The Board considered a report of the Chamberlain. |
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Sir William Coxen Trust Fund Performance monitoring to 31 March 2017 Report of the Chamberlain. Minutes: The Board noted a report of the Chamberlain. |
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Property Investments - Fees Report of the Chamberlain. Minutes: The Board considered two reports, one of the Chamberlain and one of Mercer. |
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Investment Monitoring Minutes: The Board considered two reports, one of the Chamberlain and one of Mercer, regarding investment performance. |
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Non-public questions on matters relating to the work of the Committee Minutes: There were no non-public questions. |
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Any Other Business that the Chairman considers urgent and which the Committee agree should be considered whilst the public are excluded Minutes: There was no other business. |