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ITEM

MINUTES

FIN-5

Motion to adopt the minutes of the meeting of the Finance Committee held on Monday, May 7, 2012.

BUSINESS AND FINANCIAL SERVICES DEPARTMENT

1.

RICHMOND OLYMPIC OVAL CORPORATION – 2011 AUDITED FINANCIAL STATEMENTS

(File Ref. No. 01-0060-20-ROVA1/2012-Vol 01) (REDMS No. 3526713)

FIN-7

See Page FIN-7 for full report

Designated Speakers:  Andrew Nazareth & John Mills

STAFF RECOMMENDATION

That the report on the 2011 Audited Financial Statements for the Richmond Olympic Oval Corporation from the Controller of the Richmond Olympic Oval Corporation be received for information.

2.

2011 ANNUAL REPORT AND 2011 ANNUAL REPORT – HIGHLIGHTS

(File Ref. No.:  ) (REDMS No. 3521666)

FIN-29

See Page FIN-29 for full report

Designated Speakers:  Jerry Chong & Ted Townsend

STAFF RECOMMENDATION

That the attached City of Richmond 2011 Annual Report and the 2011 Annual Report – Highlights be approved.

3.

2011 ANNUAL DEVELOPMENT COST CHARGES

(File Ref. No. 03-0900-01/2012-Vol 01) (REDMS No. 3516552)

FIN-109

See Page FIN-109 for full report

Designated Speaker:  Jerry Chong

STAFF RECOMMENDATION

That the staff report titled 2011 Annual Development Cost Charges (dated April 27, 2012 from the Director, Finance) be received for information.

4.

REVENUE ANTICIPATION BORROWING (2012) BYLAW NO. 8896

(File Ref. No.:  03-0900-01/2011-Vol 01) (REDMS No. 3515105)

FIN-123

See Page FIN-123 for full report

Designated Speaker:  Jerry Chong

STAFF RECOMMENDATION

That Revenue Anticipation Borrowing (2012) Bylaw No. 8896 be introduced and given first, second, and third readings.

5.

2011 SURPLUS APPROPRIATION

(File Ref. No.: ) (REDMS No. 3518825)

FIN-127

See Page FIN-127 for full report

Designated Speaker:  Jerry Chong

STAFF RECOMMENDATION

That the December 31, 2011 surplus of $4.556 million be appropriated as outlined in the staff report titled 2011 Surplus Appropriation (dated April 26, 2012 from the General Manager, Business and Financial Services).

ADJOURNMENT