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ITEM
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MINUTES
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FIN-4
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Motion to adopt the minutes of the meeting of the Finance Committee held on Tuesday, December 2, 2014.
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RICHMOND PUBLIC LIBRARY
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1.
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2015 OPERATING AND CAPITAL BUDGETS FOR Richmond Public Library
(File Ref. No. 4493749) (REDMS No. 03-0970-25)
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FIN-10
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See Page FIN-10 for full report
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Designated Speaker: Greg Buss
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STAFF RECOMMENDATION
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That the 2015 Operating and Capital budgets for Richmond Public Library as presented in the report dated January 19, 2015 from the Chief Librarian and Secretary to the Board be approved with a same level of service municipal contribution of $8,540,700.
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FINANCE AND CORPORATE SERVICES DIVISION
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2.
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2015 Operating Budget
(File Ref. No. 03-0970-25) (REDMS No. 4469200 v. 6)
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FIN-14
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See Page FIN-14 for full report
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Designated Speaker: Jerry Chong
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STAFF RECOMMENDATION
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(1)
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That the 2015 Operating Budget presented under Option 1 in the staff report titled 2015 Operating Budget dated January 27, 2015 from the Manager, Financial Planning and Analysis, that includes a same level of service increase of 0.26%, Capital operating budget impact of 0.38%, additional level expenditures of 0.06%, external senior government related increases of 1.19%, major capital community facility replacement program (Capital Building Infrastructure Reserve) of 1.00% for a combined total tax increase of 2.89% be approved; and
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(2)
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That the 5-Year Financial Plan (2015-2019) be prepared for presentation to Council incorporating the 2015 Operating Budget.
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3.
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2015 Capital Budget
(File Ref. No. 03-0970-25) (REDMS No. 4468934 v. 12)
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FIN-42
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See Page FIN-42 for full report
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Designated Speaker: Jerry Chong
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STAFF RECOMMENDATION
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(1)
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That the 2015 Capital Budget totalling $92.5M be approved and staff authorized to commence the 2015 Capital Projects; and
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(2)
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That the Five-Year Financial Plan (2015-2019) be prepared for presentation to Council incorporating the 2015 Capital Budget.
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4.
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2015 One-Time Expenditures
(File Ref. No.) (REDMS No. 4468788 v. 3)
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FIN-189
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See Page FIN-189 for full report
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Designated Speaker: Jerry Chong
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STAFF RECOMMENDATION
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(1)
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That the recommended one-time expenditures in the amount of $1.87M, as outlined in the staff report titled 2015 One-Time Expenditures dated January 30, 2015, from the Director, Finance, be approved; and
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(2)
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That the One-Time Expenditures be included in the City’s 5-Year Financial Plan (2015-2019) Bylaw.
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ADJOURNMENT
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