May 1, 2017 - Agenda

Pg. #

ITEM

MINUTES

FIN-4

Motion to adopt the minutes of the meeting of the Finance Committee held on April 3, 2017.

DELEGATION

FIN-9

1.

Archie Johnston, Client Relationship and Quality Review Partner, KPMG, C.J. James, Engagement Partner, KPMG and Aanu Adeleye, Senior Manager, KPMG, to present the 2016 Audit findings on the City’s financial statements.

RICHMOND OLYMPIC OVAL CORPORATION

2.

Richmond Olympic Oval Corporation 2016 Audited Financial Statements and Q4 - 2016
(File Ref. No.) (REDMS No. 5377625)

FIN-26

See Page FIN-26 for full report

Designated Speaker:  Rick Dusanj

STAFF RECOMMENDATION

That the report on the 2016 audited Financial Statements and Financial Information on the fourth quarter ended December 31, 2016 for the Richmond Olympic Oval Corporation from the Controller of the Richmond Olympic Oval Corporation be received for information.

FINANCE AND CORPORATE SERVICES DIVISION

3.

2016 financial statements for the richmond public library
(File Ref. No. 03-0905-01) (REDMS No. 5378201)

FIN-51

See Page FIN-51 for full report

Designated Speaker:  Susan Walters

STAFF RECOMMENDATION

That the 2016 Richmond Public Library audited financial statements for the year ended December 31, 2016, as presented in the attached report from the Chief Librarian, be received for information.

LULU ISLAND ENERGY COMPANY

4.

2016 Financial Statements for the Lulu Island Energy Company
(File Ref. No. 01-0060-20-LIEC1) (REDMS No. 5368673 v. 2)

FIN-73

See Page FIN-73 for full report

Designated Speaker:  Jerry Chong

STAFF RECOMMENDATION

That the Lulu Island Energy Company audited financial statements for the year ended December 31, 2016, in the report titled, “2016 Financial Statements for the Lulu Island Energy Company,” dated April 10, 2017 from the Chief Executive Officer and Chief Financial Officer, Lulu Island Energy Company be received for information.

FINANCE AND CORPORATE SERVICES DIVISION

5.

2016 Consolidated Financial Statements
(File Ref. No. 03-0905-01) (REDMS No. 5373449 v. 2)

FIN-96

See Page FIN-96 for full report

Designated Speaker:  Andrew Nazareth

STAFF RECOMMENDATION

That the City’s audited consolidated financial statements for the year ended December 31, 2016 be approved.

ADJOURNMENT