March 15, 2007 Agenda


City of Richmond Meeting Agenda

Finance Committee

 

Anderson Room, City Hall
6911 No. 3 Road

Thursday, March 15th, 2007
4:00 p.m.

 

Pg. #

ITEM

 

 

 

 

MINUTES

 

1

1.

Motion to adopt the minutes of the meeting of the Finance Committee held on Thursday, February 15th, 2007.

 

 

 

COUNCILLOR ROB HOWARD

 

14

2.

MUNICIPAL PROPERTY TAX RATES

(Report:  Mar. 8/07, File No.:  03-0925-01/2007-Vol 01) (REDMS No. 2088873)

 

 

RECOMMENDATION

 

 

That staff report to the Finance Committee on a strategy to address the potential Municipal tax rate imbalance between Commercial/Business and Residential classes and report on the optimal/target tax rate ratio.

 

 

 

BUSINESS & FINANCIAL SERVICES DEPARTMENT

 

16

3.

2006 4TH QUARTER FINANCIAL INFORMATION

(Report:  Mar. 5/07, File No.:   ) (REDMS No. 2074140)

 

 

Designated Speaker:  Jerry Chong

 

 

STAFF RECOMMENDATION

 

 

That the report (dated March 5th, 2007, from the Director, Finance), regarding the Financial Information for the 4th quarter ended December 31, 2006, be received for information.

 

35

4.

5 YEAR FINANCIAL PLAN (2007-2011)

(Report:  Feb. 28/07, File No.:   ) (REDMS No. 2085952)

 

 

Designated Speaker:  Jerry Chong

 

 

STAFF RECOMMENDATION

 

 

(1)

That the proposed 5 Year Financial Plan (2007-2011) be approved; and

 

 

(2)

That staff undertake a process of public consultation regarding this Plan before it is adopted by Council, as per the requirement of Section 165 of the Community Charter.

 

 

5.

MANAGER’S REPORT

 

 

 

 

ADJOURNMENT