September 5, 2017 - Minutes
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Finance Committee
| Date: | Tuesday, September 5, 2017 |
| Place: | Anderson Room |
| Present: | Mayor Malcolm D. Brodie, Chair |
| Call to Order: | The Chair called the meeting to order at 4:28 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 June 5, 2017, be adopted as circulated. |
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| CARRIED |
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| RICHMOND OLYMPIC OVAL CORPORATION |
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| 1. | Richmond Olympic Oval corporation – 2nd quarter 2017 financial information (File Ref. No.) (REDMS No. 5517332) |
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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 second quarter ended June 30, 2017 from the Controller of the Richmond Olympic Oval Corporation be received for information. |
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| CARRIED |
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| FINANCE AND CORPORATE SERVICES DIVISION |
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| 2. | Financial Information – 2nd Quarter June 30, 2017 (File Ref. No. 03-0905-01) (REDMS No. 5472579 v. 4) |
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| It was moved and seconded |
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| That the staff report titled, “Financial Information – 2nd Quarter June 30, 2017”, dated August 11, 2017 from the Director, Finance be received for information. |
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| The question on the motion was not called as in reply to queries from Committee, staff advised that although 2016 RCMP vacancies were filled, retirements and other staffing changes resulted in a favourable variance as a result of new vacancies. Also, discussion took place on gaming revenue and it was noted that the increase in gaming revenue is primarily due to decreased BC Lottery Corporation facility operating expenses. |
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| The question on the motion was then called and it was CARRIED. |
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| ADJOURNMENT |
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| It was moved and seconded |
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| That the meeting adjourn (4:35 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 Tuesday, September 5, 2017. |
| _________________________________ | _________________________________ |
| Mayor Malcolm D. Brodie | Hanieh Berg |