November 4, 2013 - Minutes
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Finance Committee
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Date: |
Monday, November 4, 2013 |
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Place: |
Anderson Room |
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Present: |
Mayor Malcolm D. Brodie, Chair |
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Absent: |
Councillor Chak Au |
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Call to Order: |
The Chair called the meeting to order at 5:18 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 7, 2013, be adopted as circulated. |
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CARRIED |
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FINANCE AND CORPORATE SERVICES DEPARTMENT |
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1. |
(File Ref. No. 03-0900-01) (REDMS No. 3987488 v.3) |
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Jerry Chong, Director, Finance, advised that the report is a request to change the current investment policy. The policy follows the rules and regulations under the Charter but provides additional flexibility to increase yield. |
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It was moved and seconded |
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That Council Policy 3703 (Investment Policy) be amended as set out in Attachment C of the staff report titled Investment Policy Amendment dated October 17, 2013 from the Director, Finance. |
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CARRIED |
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2. |
Amendments to the 5 Year Financial Plan (2013-2017) Bylaw No. 8990 (File Ref. No. 12-8060-20-8990/9060) (REDMS No. 3981154 v.4) |
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It was moved and seconded |
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That the 5 Year Financial Plan (2013-2017) Bylaw No. 8990, Amendment Bylaw No. 9060 which would incorporate and put into effect changes previously approved by Council and administrative changes to the 2013 Capital, Utility and Operating Budgets (as summarized in Attachment 1), be introduced and given first, second and third readings. |
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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 (5:19 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 4, 2013. |
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_________________________________ |
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Mayor Malcolm D. Brodie |
Heather Howey |