The Finance Committee meeting scheduled for 28 April 2026 was set to address a range of financial matters, including the election of its Chair and Deputy Chair, the approval of previous minutes, and appointments to various sub-committees and other City Corporation positions. A significant portion of the agenda was dedicated to reviewing and approving budgets and financial strategies for both the City Fund and the City's Estate, alongside updates on risk management and departmental business plans.

Election of Chair and Deputy Chair

The committee was scheduled to elect a Chair and Deputy Chair in accordance with the relevant standing orders.

Minutes of the Previous Meeting

The public minutes and non-public summary of the Finance Committee meeting held on 17 February 2026 were to be presented for agreement.

Finance Committee's Forward Plan

A report from the Chamberlain was scheduled to provide information on the committee's forward plan.

Appointments to Committees

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

Public Updates of the Projects and Procurement Sub-Committee Meeting

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

Update - Improving Compliance and the Proper Use of Corporate P-Cards

The Chamberlain was to provide an update on actions being taken to address non-compliance with financial controls related to the use of Corporate P-Cards. This followed an Internal Audit report highlighting significant issues. The report detailed control actions implemented, including a three strikes and you're out policy, and further controls being explored with Lloyds Bank.

GLA Sub-Regional Sector Hubs Programme – Grant Receipts

A report from the Executive Director, Innovation & Growth, was to seek a decision on 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 support inclusive and sustainable growth 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, is intended to coordinate skills and talent development in central London.

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

The Chamberlain was to present an update on the progress made against the department's 2025/26 Business Plan. The report highlighted achievements such as the implementation of the P3 Framework and the go-live of Core HR as part of Programme SAPphire. It also noted areas where work remained in progress, subject to replanning and oversight.

Risk Management Update Report

The Chamberlain was scheduled to provide an update on financial corporate and departmental risks. The report indicated that two RED-rated risks remained on the Corporate Risk Register: CR35 Unsustainable Medium-Term Finances – City Fund, and CR42 Housing Revenue Account (HRA) Finances. Mitigation measures for these risks were detailed, focusing on savings programmes, income generation, capital oversight, and engagement with government departments.

City Fund – Approach to Budget Setting and Savings Plan (Including Update on Transformation Programme)

This item, a joint report from the Town Clerk, Chief Strategy Officer, and Chamberlain, was to address the approach to budget setting and the savings plan for the City Fund, including an update on the transformation programme. This report was received too late for circulation with the main agenda.

Museum of London Bridging Facility

A joint report from the Chamberlain and the City Surveyor was scheduled to discuss the Museum of London Bridging Facility.

Barbican 10-Year Plan – Update from CEO

The CEO of the Barbican Centre was to provide an update on the Barbican's 10-year plan.

Programme Sapphire Update

The Chamberlain was to provide an update on Programme Sapphire.

Efficiency and Performance Forward Plan

Information was to be presented on the Efficiency and Performance Forward Plan.

MPO Dashboard Reporting

The Chamberlain was to provide a report on MPO Dashboard Reporting.

The agenda also included provisions for questions on matters relating to the work of the committee and any other urgent business, followed by a motion to exclude the public for non-public agenda items.