May 9, 2016 - Agenda (Special)

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ITEM

MINUTES

Motion to:

FIN-4

(1)

adopt the minutes of the meeting of the Finance Committee held on March 7, 2016; and

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(2)

adopt the minutes of the meeting of the special Finance Committee held on April 11, 2016.

DELEGATION

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1.

C.J. James, Engagement Partner, KPMG and Archie Johnston, Client Relationship and Quality Review Partner, KPMG, to present the 2015 Audit findings on the City’s financial statements.

FINANCE AND CORPORATE SERVICES DIVISION

2.

2015 Annual Procurement Report
(File Ref. No. 02-0600-01) (REDMS No. 4929751 v. 2)

FIN-25

See Page FIN-25 for full report

Designated Speaker:  Syd Stowe

STAFF RECOMMENDATION

That the staff report titled “2015 Annual Procurement Report” dated March 17, 2016 from the Director of Finance be received for information.

3.

2015 Consolidated financial Statements
(File Ref. No. 03-0905-01) (REDMS No. 4987755 v. 2; 4986723 v. 3; 4988765 v. 3)

FIN-41

See Page FIN-41 for full report

Designated Speaker: Andrew Nazareth 

STAFF RECOMMENDATION

That the City’s audited consolidated financial statements for the year ended December 31, 2015 be approved.

LULU ISLAND ENERGY COMPANY

4.

2015 Financial Statements for the Lulu Island Energy Company
(File Ref. No. 01-0060-20-LIEC1) (REDMS No. 4957779 v. 5)

FIN-104

See Page FIN-104 for full report

Designated Speakers: John Irving and Jerry Chong

STAFF RECOMMENDATION

That the Lulu Island Energy Company audited financial statements for the year ended December 31, 2015, in the report titled, “2015 Financial Statements for the Lulu Island Energy Company,” dated April 18, 2016 from the Chief Executive Officer and Chief Financial Officer, Lulu Island Energy Company be received for information.

RICHMOND PUBLIC LIBRARY BOARD

5.

2015 Financial Statements  of the Richmond Public Library  Board
(File Ref. No.) (REDMS No.)

FIN-122

See Page FIN-122 for full report

Designated Speaker:  Greg Buss

STAFF RECOMMENDATION

That the 2015 Financial Statements of the Richmond Public Library Board be received for information.

RICHMOND OLYMPIC OVAL CORPORATION

6.

2015 Financial Statements and 2015 Q4 – Oval
(File Ref. No.) (REDMS No. 4992045)

FIN-141

See Page FIN-141 for full report

Designated Speaker:  Rick Dusanj

STAFF RECOMMENDATION

That the report on 2015 Financial Statements and 2015 fourth quarter ended December 31, 2015 for the Richmond Olympic Oval Corporation from the Controller of the Richmond Olympic Oval Corporation be received for information.

ADJOURNMENT