Agenda

Finance Committee - Wednesday 8 March 2023 10:00

Venue: Conference Rooms 1 and 2, Ground Floor, Palestra, 197 Blackfriars Road, London, SE1 8NJ

Contact: Jackie Gavigan, Secretariat Manager Email: [email protected]

Items
No.	Item
1.	Apologies for Absence and Chair's Announcements
2.	Declarations of Interests General Counsel Members are reminded that any interests in a matter under discussion must be declared at the start of the meeting, or at the commencement of the item of business. Members must not take part in any discussion or decision on such a matter and, depending on the nature of the interest, may be asked to leave the room during the discussion.
3.	Minutes of the Meeting of the Committee held on 23 November 2022 PDF 275 KB General Counsel The Committee is asked to approve the minutes of the meeting of the Committee held on 23 November 2022 and authorise the Chair to sign them.
4.	Matters Arising and Actions List PDF 13 KB General Counsel The Committee is asked to note the updated actions list. Additional documents: Actions List , item 4. PDF 236 KB
5.	Use of Delegated Authority PDF 236 KB General Counsel The Committee is asked to note the paper. Additional documents: fc-ca-20221208-bus-shelter-advertising-concession , item 5. PDF 118 KB ca-fc-20230215-STCR , item 5. PDF 149 KB
6.	Finance Report - Period 10, 2022/23 PDF 332 KB Chief Finance Officer The Committee is asked to note the report and the exempt supplementary information on Part 2 of the agenda. Additional documents: Finance Report , item 6. PDF 490 KB
7.	Treasury Activities, Policies and Strategy PDF 555 KB Director Corporate Finance The Committee is asked to note the paper and the exempt supplementary information on Part 2 of the agenda and; approve the Treasury Management Strategy (TMS) for 2023/24 including the Investment Strategy, the Borrowing Strategy, the Liquidity Strategy, the Risk Management Strategy and the Counterparty Exposure Limits; approve the proposed TfL Treasury Management Policies; approve the proposed TfL Group Policy Relating to the Use of Derivative Investments; approve the TTL Properties Limited Treasury Management Strategy including the Borrowing Strategy, the Investment Strategy, the Liquidity Strategy and Banking and Cash Management provision; approve the Treasury Management Policies for TTL Properties Limited; and subject to approval of the TMS 2023/24 and the Derivatives Policy, to approve TfL Finance limited entering into the Derivative Investments. Additional documents: Appendix 1: TfL Treasury Management Strategy , item 7. PDF 196 KB Appendix 2: TfL Treasury Management Policies , item 7. PDF 154 KB Appendix 3: TfL Group Policy Relating to the Use of Derivative Investments , item 7. PDF 139 KB Appendix 4: TTL Properties Limited Treasury Management Strategy , item 7. PDF 107 KB Appendix 5: TTL Properties Limited Treasury Management Policies , item 7. PDF 121 KB
8.	Investment Management Strategy 2023/24 - Non-Financial Assets PDF 344 KB Director Corporate Finance The Committee is asked to note the paper and approve the Investment Management Strategy 2023/24 – Non-Financial Assets. Additional documents: Investment Management Strategy 2023/24 – Non-Financial Assets , item 8. PDF 389 KB
9.	Taxi Fares and Tariffs Update PDF 204 KB General Counsel The Committee is asked to note the paper and approve increasing Tariffs 1, 2 and 3 by 7.61 per cent; removing the requirement for the extra charge for taxi hirings arranged by telephone, mobile phone, smart phone, mobile application, any application software and by use of the internet to be added to the taximeter; increasing some of the fixed-fares for shared-taxis that operate during the Wimbledon Tennis Championships; and amending one of the authorised places where the fixed-fare, shared-taxi scheme operates from during the Wimbledon Tennis Championships. Additional documents: Appendix 1: Summary of consultation responses , item 9. PDF 258 KB Appendix 2: Summary of stakeholder responses , item 9. PDF 385 KB Appendix 3: Taxi Fares and Tariffs Review Equality Impact Assessment (EQIA) , item 9. PDF 683 KB Appendix 4: EQIA evidence base , item 9. PDF 978 KB Appendix 5: Assessment of other impacts and factors to consider , item 9. PDF 533 KB There are a further 3 documents.View the full list of documents for item 9.
10.	Update on Forthcoming Key Procurement Activities PDF 253 KB Chief Finance Officer The Committee is asked to note the paper and the exempt supplementary information on Part 2 of the agenda.
11.	Independent Investment Programme Advisory Group Procurement and Commercial Improvement Programme PDF 195 KB General Counsel The Committee is asked to note report and the management response, and the exempt supplementary information on Part 2 of the agenda. Additional documents: Independent Investment Programme Advisory Group – Procurement and Commercial Improvement Programme (PCIP) – Executive Summary , item 11. PDF 558 KB
12.	Future Operational Network PDF 130 KB Director Strategy and Chief Technology Officer The Committee is asked to note the paper and the exempt supplementary information on Part 2 of the agenda.
13.	London Overground Class 378 Fleet Leases PDF 258 KB Director Corporate Finance The Committee is asked to note the paper and the exempt supplementary information on Part 2 of the agenda and; approve unbudgeted Financial Authority at the sum set out in the paper on Part 2 of the agenda for Rail for London terminating the existing 2007 lease and 2013 lease relating to the Class 378 fleet; and approve unbudgeted Financial Authority and Procurement Authority at the sum set out in the paper on Part 2 of the agenda for the lease termination and purchase of the Class 378 fleet as described in the paper.
14.	Members' Suggestions for Future Discussion Items PDF 18 KB General Counsel The Committee is asked to note the forward plan and is invited to raise any suggestions for future discussion items for the forward plan and for informal briefings. Additional documents: Forward Plan , item 14. PDF 301 KB
15.	Any Other Business the Chair Considers Urgent The Chair will state the reason for urgency of any item taken.
16.	Date of Next Meeting Wednesday 21 June 2023 at 10.00am.
17.	Exclusion of the Press and Public The Committee is recommended to agree to exclude the press and public from the meeting, in accordance with paragraphs 3 and 5 of Schedule 12A to the Local Government Act 1972 (as amended), in order to consider the following items of business.
	Agenda Part 2
18.	Finance Report - Period 10, 2022/23 View the reasons why item 18. is restricted Exempt supplementary information relating to the item on Part 1 of the agenda.
19.	Treasury Activities, Policies and Strategy View the reasons why item 19. is restricted Exempt supplementary information relating to the item on Part 1 of the agenda.
20.	Update on Forthcoming Key Procurement Activities View the reasons why item 20. is restricted Exempt supplementary information relating to the item on Part 1 of the agenda.
21.	Independent Investment Programme Advisory Group Procurement and Commercial Improvement Programme View the reasons why item 21. is restricted Exempt supplementary information relating to the item on Part 1 of the agenda.
22.	Future Operational Network View the reasons why item 22. is restricted Exempt supplementary information relating to the item on Part 1 of the agenda.
23.	London Overground Class 378 Fleet Leases View the reasons why item 23. is restricted Exempt supplementary information relating to the item on Part 1 of the agenda.