Agenda

Interim 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.

Interim General Counsel

The Committee is asked to approve the minutes of the meetings of the Committee held on 22 November and 22 December 2023 and authorise the Chair to sign them.

Interim General Counsel

The Committee is asked to note the updated actions list.

Interim General Counsel

The Committee is asked to note the paper.

Chief Finance Officer

The Committee is asked to note the paper and approve the TfL Budget for 2024/25.

Chief Finance Officer

The Committee is asked to note the paper and the exempt supplementary information on Part 2 of the agenda and approve: the TfL Prudential Indicators as set out in Appendix 1 for 2024/25 and the following two years; the Treasury Management Indicators as set out in Appendix 2 for 2024/25 and the following two years; and the annual TfL Policy Statement on Minimum Revenue Provision as set out in section 6 of the paper.

Chief Finance Officer

The Committee is asked to note the paper and the exempt supplementary information on Part 2 of the agenda.

Director of Corporate Finance

The Committee is asked to note the paper and the exempt supplementary information on Part 2 of the agenda and; approve the proposed Treasury Management Strategy (TMS) for 2024/25 including the Investment Strategy, the Borrowing Strategy, the Liquidity Strategy and the Risk Management Strategy; approve the proposed TfL Treasury Management Policies; approve the proposed TfL Group Policy Relating to the Use of Derivative Investments; approve the proposed Places for London Limited Treasury Management Strategy including the Borrowing Strategy, the Investment Strategy, the Liquidity Strategy and Banking and Cash Management explanation; approve the proposed Treasury Management Policies for Places for London Limited; and subject to approval of the TMS 2024/25 and the Derivatives Policy, to approve TfL Finance limited entering into the Derivative Investments.

Director of Corporate Finance

The Committee is asked to note the paper and approve the Investment Management Strategy 2024/25 – Non-Financial Assets, attached at Appendix 1 to this paper.

Chief Operating Officer

The Committee is asked to note the paper and approve increasing Tariffs 1, 2 and 3 by the total Cost Index figure (+8.92 per cent) to reflect the change in both taxi drivers’ operating costs and average national earnings; making the Tariff 4 rates the same as the Tariff 2 rates; reducing the Heathrow extra from £3.60 to £2.00; and increasing the fixed-fares for shared-taxis that operate between Wimbledon Station and the All England Lawn Tennis Club (AELTC) and Southfields Station and the AELTC during the Wimbledon Tennis Championships.

Chief Finance Officer

The Committee is asked to note the paper and the exempt supplementary information and approve Procurement Authority for £112.4m for external track labour resources procured through the London Underground Track Labour Framework for the period to March 2025, giving a total Procurement Authority of £701.15m.

Chief Finance Officer

The Committee is asked to note the paper and the exempt supplementary information on Part 2 of the agenda.

Chief Finance Officer

The Committee is asked to note the paper and the exempt supplementary information on Part 2 of the agenda.

Director of Risk and Assurance

The Committee is asked to note the report and the exempt supplementary information on Part 2 of the agenda.

Chief Customer and Strategy Officer

The Committee is asked to note the paper and the exempt supplementary information on Part 2 of the agenda.

Interim 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.

The Chair will state the reason for urgency of any item taken.

Wednesday 19 June 2024 at 10.00am (provisional)

The Committee is recommended to agree to exclude the press and public from the meeting, in accordance with paragraph 3 of Schedule 12A to the Local Government Act 1972 (as amended), in order to consider the following items of business.

Exempt supplementary information relating to the item on Part 1 of the agenda.

Exempt supplementary information relating to the item on Part 1 of the agenda.

Exempt supplementary information relating to the item on Part 1 of the agenda.

Exempt supplementary information relating to the item on Part 1 of the agenda.

Exempt supplementary information relating to the item on Part 1 of the agenda.

Exempt supplementary information relating to the item on Part 1 of the agenda.

Exempt supplementary information relating to the item on Part 1 of the agenda.

Exempt supplementary information relating to the item on Part 1 of the agenda.