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Finance Committee - Tuesday, 10th December, 2024 12.45 pm

December 10, 2024 View on council website
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Summary

The Finance Committee met to note and discuss a range of financial updates, including the Quarter 2 financial position, the Treasury Management Mid-Year Review, the Strategic Procurement and Contract Management review, and risk management. No decisions were made at the meeting.

City Fund Revenue Account 2024-25

The committee received a report on the City Fund Revenue Account 2024-25. The report provided an update on the financial position of the City Fund, noting an overspend of £4.3m.

Treasury Management

The committee received an update on Treasury Management. The report reviewed the treasury management activity for the first six months of the 2024-25 financial year.

Risk Management

The committee noted a report providing a summary of the key strategic risks facing the City of London.

Strategic Procurement and Contract Management Review

The Committee received a progress update on the Strategic Procurement and Contract Management Review. The report outlined a series of workshops that are to take place as part of the review, starting in January 2025.

Other Business

The committee noted the Forward Plan for December 2024 and the Finance Committee Action Tracker December 2024.

Attendees

Documents