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ITEM

MINUTES

FC-1

Motion to adopt the minutes of the meeting of the Finance Committee held on Monday, June 8, 2009.

FC-7

1.

2009 1ST QUARTER FINANCIAL INFORMATION FOR RICHMOND OLYMPIC OVAL CORPORATION 
(File Ref. No.:) (REDMS No. 2746723)

Designated Speaker:  Andrew Nazareth

STAFF RECOMMENDATION

That the staff report on Financial Information for the first quarter ended March 31, 2009 entitled ‘2009 1st Quarter Financial Information for Richmond Olympic Oval Corporation’ be received for information.

FC-11

2.

2009 2ND QUARTER FINANCIAL INFORMATION FOR RICHMOND OLYMPIC OVAL CORPORATION

(File Ref. No.:) (REDMS No. 2746937)

Designated Speaker:  Andrew Nazareth

STAFF RECOMMENDATION

That the staff report on Financial Information for the second quarter ended June 30, 2009 entitled ‘2009 2nd Quarter Financial Information for Richmond Olympic Oval Corporation’ be received for information.

FC-17

3.

2009 2ND QUARTER FINANCIAL INFORMATION

(File Ref. No.:) (REDMS No. 2685557)

Designated Speaker:  Hari Suvarna

STAFF RECOMMENDATION

That the staff report on Financial Information for the 2^nd  quarter ended June 30, 2009 be received for information.

FC-35

4.

2009 3RD QUARTER FINANCIAL INFORMATION

(File Ref. No.:) (REDMS No. 2741825)

Designated Speaker:  Hari Suvarna

STAFF RECOMMENDATION

That the staff report on Financial Information for the 3^rd quarter ended September 30, 2009 be received for information.

FC-55

5.

TANGIBLE CAPITAL ASSET PROJECT

(File Ref. No.:) (REDMS No. 2747158)

Designated Speaker:  Hari Suvarna

STAFF RECOMMENDATION

That the staff report on ‘Tangible Capital Asset Project’ be received for information.

FC-61

6.

2010 UTILITY BUDGETS AND RATES

(File Ref. No.:  03-0970-01/2009-Vol 01) (REDMS No. 2707249v6)

Designated Speaker:  Suzanne Bycraft

STAFF RECOMMENDATION

(1)

That the 2010 Utility Expenditure Budgets, as recommended under Option 3 for each utility in the staff report dated October 30, 2009 from the General Managers of Business & Financial Services and Engineering & Public Works, be approved as the basis for establishing the 2010 Utility Rates; and

(2)

That staff be directed to report directly to Council with the necessary amendment bylaws to bring into effect the 2010 utility rates option recommended by Committee and the bylaw provision amendments described in the staff report for the Drainage, Dyke and Sanitary Sewer System Bylaw, Waterworks and Water Rates Bylaw, and Solid Waste and Recycling Regulation Bylaw.

FC-75

7.

2010 CAPITAL BUDGET

(File Ref. No.:) (REDMS No. 2737088)

Designated Speaker:  Jerry Chong

STAFF RECOMMENDATION

(1)

That the 2010 Capital Budget be approved as the basis for preparing the 5 Year Financial Plan (2010-2014); and

(2)

That staff be authorised to commence 2010 capital projects effective January 1, 2010.

8.

MANAGER’S REPORT

ADJOURNMENT