Agenda item

Report of the Executive Director of Secretariat

Contact: Gino Brand, [email protected], 020 7983 5792

The Sub-Committee is recommended to:

(a)  Note the report as background to putting questions to invited guests, and the subsequent discussion; and

(b)  Delegate authority to the Chairman, in consultation with party Group Lead Members, to agree any output from the discussion at the meeting.

8.1  The Committee received the report of the Executive Director of Secretariat as background to putting questions to the following invited guests:

·  Simon Kilonback, Chief Finance Officer, Transport for London (TfL);

·  Sarah Bradley, Group Financial Controller, TfL;

·  Emanuela Cernoia-Russo, Corporate Finance and Strategy Director, TfL;

·  Luke Webster, GLA Group Treasury & Chief Investment Officer; and

·  Martin Wheatcroft, Fiscal Accountant, Pendan.

8.2  A transcript of the discussion is attached at Appendix 1.

8.3  During the course of the discussion, Members requested a copy of TfL’s debt profile over a 20- to 25-year period.

8.4  Resolved:

(a)  That the report and the discussion be noted; and

(b)  That authority be delegated to the Chairman, in consultation with party Group Lead Members, to agree any output from the discussion at the meeting.