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ITEM

MINUTES

1

1.

Motion to adopt the minutes of the meeting of the Finance Select Committee held on Monday, January 31^st, 2005.

DELEGATION

2.

Mr. Don Matthew, Partner KPMG, to discuss:

5

(1)

Independence Letter;

7

(2)

Oversight Letter; and

11

(3)

Auditor’s Report.

FINANCE & CORPORATE SERVICES DIVISION

15

3.

2004 CITY OF RICHMOND AUDITED CONSOLIDATED FINANCIAL STATEMENTS(Report:  April 28/05, File No.:  03-1200-02/2005 Vol 01) (REDMS No. 1509511)

Designated Speaker:  Andrew Nazareth

STAFF RECOMMENDATION

That the 2004 City of Richmond audited consolidated financial statements (attached to the report dated April 28^th, 2005, from the Director of Finance), be approved.

34

4.

2004 ANNUAL REPORT

(Report:  June 6/05, File No.:  03-1200-01/2005 Vol 01) (REDMS No. 1589599)

Designated Speaker:  Andrew Nazareth

STAFF RECOMMENDATION

That the 2004 City of Richmond Annual Report (attached to the report dated June 6^th, 2005, from the Director of Finance), be approved.

113

5.

TAX ASSESSMENTS – COMMERCIAL STRATA VERSUS TRADITIONAL MALLS

(Report:  May 31, 2005, File No.:   ) (REDMS No. 1407741)

Designated Speaker:  Andrew Nazareth

STAFF RECOMMENDATION

That the report (dated May 31^st, 2005, from the Director of Finance), regarding Tax Assessments – Commercial Strata Versus Traditional Malls, be received for information.

116

6.

PROPERTY TAX EXEMPTION – ROD & GUN CLUB(Report:  May 31/05, File No.:  03-0925-01/2005 Vol 01) (REDMS No. 1586215)

Designated Speaker:  Andrew Nazareth

STAFF RECOMMENDATION

That the tax status of the property owned by the Rod and Gun Club, at 1020 Eburne Place, remain unchanged.

7.

MANAGER’S REPORT

ADJOURNMENT