June 2, 2014 - Minutes
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Finance Committee
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Date: |
Monday, June 2, 2014 |
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Place: |
Anderson Room |
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Present: |
Mayor Malcolm D. Brodie, Chair |
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Call to Order: |
The Chair called the meeting to order at 4:16 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, May 5, 2014, be adopted as circulated. |
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CARRIED |
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FINANCE AND CORPORATE SERVICES DEPARTMENT |
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1. |
2013 Annual Development Cost Charges |
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In response to a query from Committee, Jerry Chong, Director, Finance, accompanied by Cindy Gilfillan, Manager, Financial Reporting, noted that information regarding the Development Cost Charges (DCC) is available on the City website. |
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Joe Erceg, General Manager, Planning and Development, advised that the DCC information would be shared with local small home builders, as well as with the Greater Vancouver Home Builder’s Association. |
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It was moved and seconded |
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That the staff report titled, 2013 Annual Development Cost Charges, dated May 16, 2014, from the Director, Finance be received for information. |
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CARRIED |
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2. |
2013 Annual Report and 2013 Annual Report – Highlights |
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In reply to a query from Committee, Jerry Chong, Director, Finance, accompanied by Ted Townsend, Senior Manager, Corporate Communications, commented that, in light of the current equity and reserve amounts, the City is in a favourable financial position. |
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Committee directed staff to provide copies of the 2013 Annual Report and 2103 Annual Report – Highlights to the Richmond Chamber of Commerce. |
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It was moved and seconded |
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That the reports titled, City of Richmond 2013 Annual Report and the 2013 Annual Report – Highlights, dated May 13, 2014, from the General Manager, Finance and Corporate Services, be approved. |
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CARRIED |
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RICHMOND OLYMPIC OVAL CORPORATION |
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3. |
1st Quarter 2014 – Financial Information for the Richmond Olympic Oval Corporation |
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It was moved and seconded |
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That the report on Financial Information for the Richmond Olympic Oval Corporation for the first quarter ended March 31, 2014 from the Controller of the Richmond Olympic Oval Corporation be received for information. |
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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 (4.24 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, June 2, 2014. |
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_________________________________ |
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Mayor Malcolm D. Brodie |
Heather Howey |
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