November 5, 2012 - Minutes
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Finance Committee
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Date: |
Monday, November 5, 2012 |
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Place: |
Anderson Room Richmond City Hall |
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Present: |
Mayor Malcolm D. Brodie, Chair Councillor Chak Au Councillor Linda Barnes Councillor Derek Dang Councillor Ken Johnston Councillor Bill McNulty Councillor Linda McPhail Councillor Harold Steves |
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Absent: |
Councillor Evelina Halsey-Brandt |
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Call to Order: |
The Chair called the meeting to order at 4:32 p.m. |
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MINUTES |
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It was moved and seconded |
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That the minutes of the meeting of the Finance Committee held on Monday, October 1, 2012, be adopted as circulated. |
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CARRIED |
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FINANCE AND CORPORATE SERVICES DEPARTMENT |
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1. |
Appointment of Auditor |
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It was moved and seconded |
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That Council re-appoint KPMG, LLP as the City’s auditor for the years 2012 – 2017. |
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CARRIED |
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2. |
2013 CAPITAL BUDGET | |
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Andrew Nazareth, General Manager, Finance and Corporate Services, joined by Jerry Chong, Director, Finance, provided background information related to the proposed 2013 Capital Budget and noted that the budget is balanced, and based on Council’s direction and the community’s needs. | |
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A discussion then ensued about several capital projects that are recommended as being unfunded for 2013, including the Hugh Boyd Oval Ageing Infrastructure Replacement, Conservation Plans for Heritage Buildings, and the Oval Precinct Public Art Plan. It was noted that these items may be considered at a future date as one-time funding items or as part of the Five-Year Financial Plan. | |
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It was moved and seconded | |
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That: | |
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(1) |
the 2013 Capital Budget be approved as the basis for preparing the 5–Year Financial Plan (2013-2017) Bylaw; and |
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(2) |
staff be authorized to commence the 2013 capital projects effective January 1, 2013. |
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CARRIED | |
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ADJOURNMENT |
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It was moved and seconded |
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That the meeting adjourn (5:05 p.m.). |
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CARRIED |
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Certified a true and correct copy of the Minutes of the meeting of the Finance Committee of the Council of the City of Richmond held on Monday, November 5, 2012. |
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Mayor Malcolm D. Brodie Chair |
Shanan Sarbjit Dhaliwal Executive Assistant City Clerk’s Office |