Management Accounts
The Board noted the HBLB management accounts for the nine months to 31 December 2017.
Strategic Risk Register
The Strategic Risk Register as at January 2018.
HBLB Business Plan
HBLB had held off publication of its 2017/18 Business Plan pending final confirmation that there was no legal challenge to the Levy extension to overseas bookmakers. As this confirmation had not arrived until January 2018, the Board agreed that a 2017/18 Business Plan would not be published and that work should continue on a draft 2018/19 Business Plan.
Capital Credit Allocations: April 2018
The Board approved:
(1) the Raceday Services transfers to Capital Credits of £109,740 for the period 1st January to 31st March 2018
(2) the Prize Money transfers to Capital Credits of £457,659 for the period 1st January to 31st March 2018
(3) the Fixture Incentive Fund transfers to Capital Credits of £53,000 for the period 1st January to 31st March 2018
(4) transfers to Capital Credits of additional requests made subsequently by racecourses for specified prize money-related grants yet to be awarded but which would be allocated at a later date for the period 1st January 2018 to 31st March 2018. These would include Appearance Money and Divided Races payments
Capital Credit applications: Taunton and Hamilton Park
The Board approved:
(1) a Capital Credit Grant to Taunton racecourse of £26,964.15 for the cost of creating a second exit from its car parks to the public highway
(2) a Capital Credit Grant to Hamilton Park racecourse of £12,960 to carry out works to the racing surface of the track.
All drawdowns will be subject to the Executive’s receipt of appropriate documentation and a Capital Credit balance equal to or greater than the requested amount at the time of drawdown.
19th February Board meeting
The Board agreed to hold an additional meeting on Monday 19th February.
