December 2, 2013 - Agenda

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ITEM

MINUTES

FIN-5

Motion to adopt the minutes of the meeting of the Finance Committee held on Monday, November 4, 2013.

FINANCE AND CORPORATE SERVICES DEPARTMENT

1.

Financial Information – 3^rd Quarter September 30, 2013
(File Ref. No.) (REDMS No. 4033012)

FIN-7

See Page FIN-7 for full report

Designated Speaker:  Jerry Chong

STAFF RECOMMENDATION

That the staff report titled Financial Information – 3^rd Quarter September 30, 2013 from the Director, Finance be received for information.

2.

2013 Audit Engagement
(File Ref. No. 03-0950-03) (REDMS No. 4043208)

FIN-32

See Page FIN-32 for full report

Designated Speaker:  Cindy Gilfillan

STAFF RECOMMENDATION

That the 2013 Audit Engagement report dated November 15, 2013 be received for information.

3.

2014 CAPITAL BUDGET
(File Ref. No.) (REDMS No. 4024687 v.3)

FIN-54

See Page FIN-54 for full report

Designated Speaker:  Jerry Chong

STAFF RECOMMENDATION

(1)

That the 2014 Capital Budget be approved and staff be authorized to commence the 2014 Capital Projects effective January 1, 2014; and

(2)

That the Five-Year Financial Plan (2014-2018) be prepared for presentation to Council incorporating the 2014 Capital Budget.

4.

2014 OPERATING BUDGET
(File Ref. No.) (REDMS No. 4016840 v.2)

FIN-182

See Page FIN-182 for full report

Designated Speaker:  Jerry Chong

STAFF RECOMMENDATION

(1)

That the 2014 Operating Budget, as presented under Budget Option 1 in the staff report dated November 29, 2013 from the Director Finance, be approved;

(2)

That the 2014 Richmond Public Library budget as presented in Attachment 3 of the staff report dated November 29, 2013 from the Director Finance be approved in accordance with the Library Act; and

(3)

That the Five-Year Financial Plan (2014-2018) be prepared for presentation to Council incorporating the 2014 Operating Budget.

5.

2014 ONE-TIME EXPENDITURES
(File Ref. No.) (REDMS No. 4034216)

FIN-204

See Page FIN-204 for full report

Designated Speaker:  Jerry Chong

STAFF RECOMMENDATION

(1)

That the recommended one-time expenditures in the amount of $3.1M, as outlined in the staff report titled 2014 One-Time Expenditures, be approved; and

(2)

That the one-time expenditures be included in the City’s Five-Year Financial Plan (2014-2018) Bylaw.

RICHMOND OLYMPIC OVAL CORPORATION

6.

3^rd Quarter 2013 – Financial Information for the Richmond Olympic Oval Corporation
(File Ref. No.) (REDMS No. 4048098)

FIN-211

See Page FIN-211 for full report

Designated Speaker:  Rick Dusanj

STAFF RECOMMENDATION

That the report on Financial Information for the Richmond Olympic Oval Corporation for the second quarter ended September 30, 2013 from the Controller of the Richmond Olympic Oval Corporation be received for information.

7.

2014 Operating and Capital Budgets for the Richmond Olympic Oval Corporation
(File Ref. No.) (REDMS No. 4048160)

FIN-216

See Page FIN-216 for full report

Designated Speaker:  Rick Dusanj

STAFF RECOMMENDATION

That the report on the 2014 Operating and Capital Budgets for the Richmond Olympic Oval Corporation from the Controller of the Richmond Olympic Oval Corporation be received for information.

ADJOURNMENT