November 7, 2016 - Agenda

Pg. #

ITEM

MINUTES

FIN-3

Motion to adopt the minutes of the meeting of the Finance Committee held on October 3, 2016.

RICHMOND PUBLIC LIBRARY

1.

Impacts of proposed library budget increases
(File Ref. No. 03-0970-25-2016-01) (REDMS No. 5206633)

FIN-5

See Page FIN-5 for full report

Designated Speaker:  Greg Buss

STAFF RECOMMENDATION

(1)

That the staff report titled “Impacts of Proposed Library Budget Increases” dated October 28, 2016 from the Director, Finance be received for information; and

(2)

That the Richmond Public Library Board be requested to submit a same level of service budget for 2017 that maintains current levels of service, while limiting the increase in the municipal contributions to 2.1%, consistent with the Long Term Financial Management Strategy; and

(3)

That the impact of additional levels of service proposed by the Richmond Public Library be considered in the 2017 Budget process.

FINANCE AND CORPORATE SERVICES DIVISION

2.

Reserve funds update 2016
(File Ref. No. 03-0900-01) (REDMS No. 5193273 v. 3)

FIN-29

See Page FIN-29 for full report

Designated Speaker:  Cindy Gilfillan

STAFF RECOMMENDATION

That the staff report titled, “Reserve Funds Update 2016,” dated October 13, 2016 from the Director, Finance be received for information.

3.

2016 Audit Engagement
(File Ref. No. 03-0905-01) (REDMS No. 5195303 v. 2; 5195457; 5195459)

FIN-48

See Page FIN-48 for full report

Designated Speaker:  Cindy Gilfillan

STAFF RECOMMENDATION

That the 2016 Audit Planning Letter from KPMG, LLP, dated October 13, 2016, as provided in Attachment 1 of the staff report titled, “2016 Audit Engagement,” dated October 14, 2016, from the Director, Finance, be received for information.

ADJOURNMENT