June 7,2016 Finance

 
Agenda             Minutes
 


2.1 Minutes

FC16/071
Moved, seconded, and CARRIED
THAT the minutes of the Finance Committee meeting held Tuesday, May 3, 2016 be adopted.

4.1 2016 Community Grant Requests
Report: Financial Services Department, dated May 20, 2016 / File: 05-1850-01/2016

FC16/072
Moved and seconded
THAT 2016 Community Grants be approved for the Pleasantside Elementary School Parent Advisory Committee in the amount of $5,000 and for Ecole Glenayre Elementary School in the amount of $2,000 as discussed in the report dated May 20, 2016 from Financial Services Department regarding 2016 Community Grant Requests.

FC16/073
Moved, seconded, and CARRIED
THAT the foregoing motion be amended by adding:
AND THAT the $2,000 for Ecole Glenayre Elementary School be conditional upon the receipt of confirmation that the funds are still required for the stated purpose.”

The question on the main motion (FC16/072) as amended (by FC16/073) was put to a vote; the motion was DEFEATED.
(Voting against: Councillors Dilworth and Junker, and Mayor Clay)

4.2 Project Consolidation and Budget Adjustment – MRN Road Reconstruction
Report: Engineering and Parks Services Department, dated May 25, 2016 / File: 11-5240-01/Vol 01

FC16/074
Moved, seconded, and CARRIED
THAT financial contributions received in relation to Evergreen Line construction in the amount of $121,312.50 be allocated to the current capital year’s MRN Road Reconstruction Program (CEN16106 MRN Road Reconstruction) as recommended in the report dated May 25, 2016 from Engineering and Parks Services Department regarding Project Consolidation and Budget Adjustment MRN Road Reconstruction;
AND THAT grant revenue commitments received from ICBC in the amount of $50,000.00 (Road Safety Improvement Program grant funding) be allocated to the current capital year’s MRN Road Reconstruction Program (CEN16106 MRN Road Reconstruction);
AND THAT project CEN15105 Road Reconstruction MRN be closed, with the remaining funding in the amount of $605,130.00 reallocated to the current capital year’s MRN Road Program (CEN16106 MRN Road Reconstruction);
AND THAT staff continue with the completion of the 2016 MRN Road Reconstruction program with a consolidated budget of $1,865,442.50.