The Finance Committee of the City of London Corporation was scheduled to convene on Tuesday, 28 April 2026, with a public agenda that included the election of a Chairman and Deputy Chairman, and updates on various financial matters. Key discussions were anticipated regarding the Chamberlain's Business Plan for the 2025/26 financial year, a risk management update, and the acceptance of grant funding for a sub-regional sector hubs programme.

Election of Chairman and Deputy Chairman

The meeting was scheduled to begin with the election of a Chairman and Deputy Chairman for the Finance Committee, in accordance with the relevant Standing Orders.

Minutes of the Previous Meeting

The committee was expected to review and agree the public minutes and non-public summary of the previous meeting, which was held on 17 February 2026.

Finance Committee's Forward Plan

A report from the Chamberlain was scheduled to be presented, providing information on the Finance Committee's forward plan.

Appointments to Committees

The Town Clerk was due to present a report detailing appointments to various committees for the upcoming civic year. This included the composition and terms of reference for the Projects and Procurement Sub-Committee and the Efficiency and Performance Review Group, as well as appointments to other City Corporation committees and sub-committees.

Public Updates of the Projects and Procurement Sub-Committee

Public updates from the Projects and Procurement Sub-Committee meeting held on 25 March 2026 were scheduled to be presented for information.

Update on Corporate P-Cards

An update was to be provided by the Chamberlain regarding improving compliance and the proper use of corporate P-cards. This report was expected to detail actions being taken to address non-compliance with financial controls on the use of these cards.

GLA Sub-Regional Sector Hubs Programme – Grant Receipts

A decision was to be sought regarding the acceptance of grant funding from the Greater London Authority (GLA) for the central London sub-regional sector hub programme. This initiative, coordinated by Central London Forward (CLF), aims to promote inclusive and sustainable growth in central London by focusing on key sectors such as financial and professional services, life sciences, the visitor economy, and construction. The funding, up to £337,500 per year for three years, would support CLF in coordinating skills and talent development in the region.

Chamberlain's Business Plan End of Year 2025/26 Update

The committee was scheduled to receive an update on the Chamberlain's Departmental Business Plan for the end of the 2025/26 financial year. This report was expected to provide an overview of progress made against the plan's workstreams, highlighting key milestones achieved and areas that remain in progress.

Risk Management Update Report

A comprehensive update on financial corporate and departmental risks within the Chamberlain's department was scheduled for presentation. The report was expected to detail the current risk landscape, including any RED-rated risks on the Corporate Risk Register, and outline mitigation measures being implemented. Notably, two RED-rated financial risks were identified: CR35 Unsustainable Medium-Term Finances – City Fund and CR42 Housing Revenue Account (HRA) Finances.

Exclusion of the Public

A motion was to be considered to exclude the public from the meeting for the remaining items on the agenda, on the grounds that they involved the likely disclosure of exempt information.

Non-Public Agenda Items

The non-public agenda included the agreement of non-public minutes from the previous meeting, non-public updates from the Projects and Procurement Sub-Committee, and discussions on the City Fund's approach to budget setting and savings plans, the Museum of London Bridging Facility, an update on the Barbican 10-Year Plan, Programme Sapphire, and the Efficiency and Performance Forward Plan. The MPO Dashboard Reporting was also scheduled for discussion.