Mar 29,2016 Finance

Agenda                 Minutes
 
 
2.1  Recess to Closed Meeting

Resolution to Exclude Public
FC16/050
Moved, seconded, and CARRIED
THAT, pursuant to section 90 of the Community Charter, this portion of the Regular Meeting of the Finance Committee be closed to the public as the subject matter being considered
relates to the following:
• 90(1)(f) – law enforcement, if the council considers that disclosure could reasonably be expected to harm the conduct of an investigation under or enforcement of an enactment.
The regular meeting was recessed at 7:02pm.
 
3. Resumption of Regular Meeting
The regular meeting was reconvened at 7:03pm.
 
4.1 Minutes
 
FC16/051
Moved, seconded, and CARRIED
THAT the minutes of the Finance Committee meeting held Tuesday, March 15, 2016 be adopted.
 
5. Unfinished Business
 
6. New Business
6.1 Tourism Strategic Plan – Funding for Plan Development
Memo: Financial Services Department, dated March 16, 2016
File: 13-6900-04
 
FC16/052
Moved, seconded, and CARRIED
THAT the $50,000 set aside in the Council Strategic Priorities Reserve for an Economic Development Strategic Plan be redirected towards a Tourism Strategic Plan for 2016.
(Voting against: Councillor Vagramov)
 
6.2 Final Budget Comments
Presentation: Financial Services Department
File: 05-1700
Staff gave a presentation on the 2016 budget process, including 2016 budget drivers, new services, Council Strategic Priorities Reserve funding, and funding in the Asset Reserve, Inlet Park Field Redevelopment Capital Reserve, Engineering Development Processing Reserve, and the Gas Tax Reserve. It was noted that staff are proposing a total tax increase of 5.07%.
Staff responded to questions from the Committee regarding potential budget reductions, inclusion of information about the utilities shift in the tax newsletter, and specifics of various line items.
 
FC16/053
Moved, seconded, and CARRIED
THAT the $30,000 allocated to Legal Costs in the City Manager’s 2016 budget be removed.
FC16/054
Moved, seconded, and CARRIED
THAT staff be directed to draft the 2016-2020 Financial Plan and Tax Rates Bylaws for Council consideration based on the 2016-2020 Financial Plan as presented at the March 29, 2016 Finance Committee meeting.
The following staff left the meeting at this point and did not return:
• Raman Braich – Manager of Information Services;
• Margot Davis – Manager of Sustainability;
• Mary De Paoli – Manager of Planning;
• Robyn MacLeod – Manager of Building, Bylaw, and Licensing; and
• Brigitte Pronovost – Manager of Fire Administration and Budget.
 
FC16/055
Moved, seconded, and CARRIED
THAT the meeting be recessed to a closed meeting to discuss specific details regarding the $58,664 amount budgeted for new services in Engineering and Public Works.
The regular meeting was recessed at 7:46pm and was reconvened at 7:47pm.

 
6.3 2016 Fish Festival Early Budget Approval and Funding Source
Memo: Community Services Department, dated March 10, 2016
File: 18-7810-20-16/2016-01
FC16/056
Moved, seconded, and CARRIED
THAT $17,000 for the 2016 Fish Festival be funded from the 2016 Community Events Project in the Council Strategic Priorities Reserve;
AND THAT funding of $17,000 for the 2016 Fish Festival be given early budget approval.

 
7. Information

7.1 Revenue/Tax Policy and Effect of School Taxes
Memo: Financial Services Department, dated March 4, 2016
File: 05-1960-00
This item was provided for information only.

8. Adjournment
Councillor Lahti adjourned the meeting at 7:50pm.