2.1 Minutes
FC15/127
Moved, seconded, and CARRIED
THAT the minutes of the Finance Committee meeting held Tuesday, October 6, 2015 be adopted.
4.1 Traffic Signal Uninterrupted Power Supply Project
Report: Engineering and Parks Services Department, dated October 13, 2015 / File: 11-5460-03-04
FC15/128
Moved, seconded, and CARRIED
THAT Council authorize the transfer of $50,746.71 from Accumulated Surplus to the Major Road Network General Rehab Reserve as recommended in the report dated October 13, 2015 from Engineering and Parks Services Department regarding Traffic Signal Uninterrupted Power Supply Project.
4.2 2015 Budgeted Recast Results
Report: Financial Services Department, dated October 9, 2015 / File: 05-1710-20
Staff provided an overview of the report, noting key changes included in the budget recast, and the drivers behind those changes.
FC15/129
Moved, seconded, and CARRIED
THAT the report dated October 9, 2015 from Financial Services Department regarding 2015 Budgeted Recast Results be received for information.
4.3 Capital Remedial Works Temporary Borrowing Bylaw, 2015, No. 3030
Report: Financial Services Department, dated October 13, 2015 / File: 05-1760-05
Staff provided an overview of the report, noting that Ministry approval has been received for the Capital Remedial Works Loan Authorization Bylaw No. 3018 to undertake the identified capital remedial works to a number of City facilities and to the transportation system.
Staff responded to questions from Council regarding potential risks, interim financing options, and recommended next steps.
FC15/130
Moved, seconded, and CARRIED
THAT the report dated October 13, 2015 from Financial Services Department regarding Capital Remedial Works Temporary Borrowing Bylaw, 2015, No. 3030 be received for information and discussion.
4.4 2016-2020 Utilities Financial Plan
On-Table Presentation: Financial Services Department / File: 1700-03--13/2016
Staff gave a presentation on the 2016-2020 Utilities Financial Plan, including updates to incorporate the Metro Vancouver rates for single family dwelling annual rates, water and sewer rates, utility drivers, and next steps.
Staff responded to questions from the Committee regarding the shift from the operating to utilities budget, timing of the Metro Vancouver staff presentation on utility rates to the Metro Vancouver Board, and the buffer included by Port Moody staff on the utility rates charged by Metro Vancouver,
FC15/131
Moved, seconded, and CARRIED
THAT the information presented by the Financial Services Department on October 20, 2015 regarding the 2016-2020 Utilities Financial Plan Draft be received for information.
FC15/132
Moved, seconded, and CARRIED
THAT staff report back during the next budget process regarding trends in Metro Vancouver consumption estimates versus the actual consumption.
5.1 Monthly Expenditure Report
Monthly Expenditure Report for August 2015 / File: 05-1700-03--0
