June 14, 2007 Agenda
Finance Committee
Anderson Room, City Hall
6911 No. 3 Road
Thursday, June 14th, 2007
4:00 p.m.
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ITEM |
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MINUTES |
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1 |
1. |
Motion to adopt the minutes of the meeting of the Finance Committee held on Thursday, March 15th, 2007. |
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DELEGATION |
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5 |
2. |
Archie Johnston, Partner, KPMG LLP Chartered Accountants, to present the Auditor’s report on the financial statements for 2006. |
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BUSINESS & FINANCIAL SERVICES DEPARTMENT |
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10 |
3. |
2006 CITY OF RICHMOND AUDITED CONSOLIDATED FINANCIAL STATEMENTS (Report: May 31/07, File No.: ) (REDMS No. 2238742) |
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Designated Speaker: Andrew Nazareth |
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STAFF RECOMMENDATION |
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That the City’s audited consolidated financial statements for the year ended December 31, 2006, be approved. |
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29 |
4. |
(Report: May 1/07, File No.: ) (REDMS No. 2225077) |
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Designated Speaker: Jerry Chong and Ted Townsend |
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STAFF RECOMMENDATION |
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That the 2006 City of Richmond Annual Report (attached to the report dated May 1, 2007, from the Director of Finance) be approved. |
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31 |
5. |
2007 1ST QUARTER FINANCIAL INFORMATION (Report: May 11/07, File No.: 03-0970-09-01/2007-Vol 01) (REDMS No. 2225636) |
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Designated Speaker: Jerry Chong |
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STAFF RECOMMENDATION |
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That the report (dated May 11, 2007, from the Director of Finance), regarding the 2007 1st Quarter Financial Information, be received for information. |
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51 |
6. |
(Report: Apr. 26/07, File No.: ) (REDMS No. 2088274) | |
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Designated Speaker: Jerry Chong | |
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STAFF RECOMMENDATION | |
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(1) |
That Investment Policy 3702 (adopted by Council on September 8th, 1997, and amended on June 28, 1999), be rescinded; and |
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(2) |
That the proposed Investment Policy (attached to the report dated April 26th, 2007, from the Director, Finance), be adopted. |
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60 |
7. |
PROPERTY TAX DISTRIBUTION BETWEEN RESIDENTIAL AND BUSINESS CLASSES (Report: April 11, 2007 File No.: 03-0925-01) (REDMS No. 2154994) |
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Designated Speaker: Ivy Wong |
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STAFF RECOMMENDATION |
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That the report (dated April 11, 2007, from the Director, Finance), regarding Property Tax Distribution between Residential and Business Classes, be received for information. |
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8. |
MANAGER’S REPORT |
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ADJOURNMENT |
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