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Mar 1,2016 Finance
2.1 Minutes
FC16/034
Moved, seconded, and CARRIED
THAT the minutes of the Finance Committee meeting held Tuesday, February 16, 2016 be adopted.
4.1 2016-2020 Operating Financial Plan Draft
Report: Financial Services Department, dated February 19, 2016
File: 05-1700-01
Staff provided an overview of the 2016-2020 Operating Financial Plan Draft and answered questions from Council on the impact of growth on tax rates, and the impact of the closure of Burrard Thermal.
FC16/035
Moved and seconded
THAT the changes related to E-Comm levies, utility company revenue grants, and after-hours Operations dispatch services be included in the 2016-2020 Operating Financial Plan as recommended in the report dated February 19, 2016 from Financial Services Department regarding 2016-2020 Operating Financial Plan Draft;
AND THAT the recurring items currently proposed to be funded by the Council Strategic Priorities Reserve be included in the following departmental operating budgets:
AND THAT the annual funding to the Council Strategic Priorities Reserve be decreased by $137,500, an amount equivalent to the recurring items;
AND THAT the $2,500 for the Public Works Day project currently funded by the Water Capital Reserve be included in the 2017 Water operating budget;
AND THAT the $2,500 for the Public Works Day project currently funded by the Sewer Capital Reserve be included in the 2017 Sewer operating budget;
AND THAT the $2,500 for the Public Works Day project currently funded by the Sanitation Reserve be included in the 2017 Sanitation operating budget.
FC16/036
Moved, seconded, and DEFEATED
THAT the foregoing motion be amended by:
REMOVING
Financial Services: Internal Audit Review, $20,000 annually;
REPLACING
AND THAT the annual funding to the Council Strategic Priorities Reserve be decreased by $137,500, an amount equivalent to the recurring items
with
AND THAT the annual funding to the Council Strategic Priorities Reserve be decreased by $137,500 in 2016, and by $117,500 in each year of 2017 to 2020
AND ADDING
AND THAT A one-time $20,000 transfer from Council Strategic Priorities Reserve to the Finance Department operating budget be made in 2016 for an Internal Audit Review.
(Voting Against: Councillors Junker and Royer, and Mayor Clay)
The question on the main motion (FC16/035) was put to a vote; the motion was CARRIED.
FC16/037
Moved, seconded, and CARRIED
THAT staff report back on the tax impact of the closure of Burrard Thermal based on current assessment and the different land uses that may apply to the property.
FC16/038
Moved, seconded, and CARRIED
THAT staff report back, as part of 2017 budget deliberation, on how annually funded items are to be handled in the future, and on historic contributions to the Council Strategic Priority Reserve.
(Voting Against: Councillor Junker)
4.2 Increased Food Budget for Seniors Focus Committee Meetings
Memo: Financial Services Department, dated February 24, 2016
File: 0360-20-05
The Council representative to the Seniors Focus Committee advised that the current food budget is sufficient to cover the increase in membership.
FC16/039
Moved, seconded, and DEFEATED
THAT the $117 increase in the Seniors Focus Committee food budget be funded from Council Contingency.
(Voting Against: Councillors Glumac, Junker, Royer, and Vagramov, and Mayor Clay)
4.3 Budget for Communications Outreach re Truck Route and Restrictions
Memo: Financial Services Department, dated February 24, 2016
File: 0360-20-05
FC16/040
Moved, seconded, and CARRIED
THAT the $1,000 needed for communications outreach regarding truck routes and restrictions be funded from Council Contingency.
4.4 Funding for 2016 Centre for Civic Governance Forum
Memo: Financial Services Department, dated February 24, 2016
File: 0360-20-05
FC16/041
Moved, seconded, and CARRIED
THAT up to $5,079.06 for the 2016 Centre for Civic Governance Forum be funded from Council Contingency.
(Voting Against: Mayor Clay)
5. Information
Councillor Royer requested and received clarification from the Director of Library Services that the immediate needs of the Library are met by the current proposed budget.
Councillor Vagramov requested that members of the Finance Committee consider submitting budget issues for discussion at upcoming Finance Committee meetings.
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