Annual Report and Accounts 2017/18
The Board noted the current draft of the Annual Report and Accounts 2017/18 and that a further draft would be submitted for approval in due course.
Audit Committee – Annual Report to the Board
The Board noted the Audit Committee’s annual report.
Business Plan
The Board discussed the latest draft of its 2018/19 Business Plan and agreed that it could be published.
HBLB Capital Loans
The Board noted that the Investment Committee would present a report on applications in September at the latest.
Capital Credit Allocations: July to December 2018
The Board approved
1. The Raceday Services transfers to Capital Credits of £1,009,608 for the period 1st July to 31st December 2018.
2. The Prize Money transfers to Capital Credits of £3,535,211 for the period 1st July to 31st December 2018.
3. Transfers to Capital Credits of additional requests made subsequently by racecourses for specified prize money-related grants yet to be awarded but which are allocated at a later date for the period 1st July 2018 to 31st December 2018. These include Lower RIF, Appearance Money and Divided Races payments.
Capital Credit Application
The Board approved aCapital Credit Grant of £65,106 to Hamilton Park racecourse for the infrastructure and equipment required to operate a new pool betting service.
