November 6, 2017 - Agenda

Pg. #

ITEM

MINUTES

FIN-4

Motion to adopt the minutes of the meeting of the Finance Committee held on October 2, 2017.

FINANCE AND CORPORATE SERVICES DIVISION

1.

Development Cost Charges Reserve Fund Establishment Bylaw No. 9779
(File Ref. No.:  03-0900-01) (REDMS No. 5598385; 5596236 v. 2)

FIN-7

See Page FIN-7 for full report

Designated Speaker:  Cindy Gilfillan

STAFF RECOMMENDATION

That the Development Cost Charges Reserve Fund Establishment Bylaw No. 9779 be introduced and given first, second and third readings.

2.

2017 Audit Engagement
(File Ref. No.:  03-0905-01) (REDMS No. 5601786; 5633496)

FIN-12

See Page FIN-12 for full report

Designated Speaker:  Cindy Gilfillan

STAFF RECOMMENDATION

That the 2017 Audit Planning Letter from KPMG, LLP, dated October 26, 2017, as provided in Attachment 1 of the staff report titled, “2017 Audit Engagement”, dated October 27, 2017, from the Director, Finance, be received for information.

3.

2018 Utility Budgets and rates
(File Ref. No. 10-6060-03-01) (REDMS No. 5536775 v. 12)

FIN-46

See Page FIN-46 for full report

Designated Speakers:  Lloyd Bie, Suzanne Bycraft, and Ivy Wong

STAFF RECOMMENDATION

That the 2018 Utility Budgets, as outlined under Option 1 for Water, Option 2 for Sewer, Option 2 for Drainage and Diking, and Option 1 for Solid Waste and Recycling, as contained in the staff report dated October 31, 2017 from the General Manager of Finance & Corporate Services and the Deputy CAO and General Manager of Engineering & Public Works, be approved as the basis for establishing the 2018 Utility Rates and preparing the 5 Year Financial Plan (2018-2021) Bylaw.

RICHMOND PUBLIC LIBRARY

4.

2018 operating and capital budgets for richmond public library
(File Ref. No.) (REDMS No. 5646446)

FIN-74

See Page FIN-74 for full report

Designated Speaker:  Susan Walters

STAFF RECOMMENDATION

That the 2018 Richmond Public Library budget of $9,143,000 as presented in Attachment 1 from the Chief Librarian and the Secretary to the Board, has been reviewed by the Senior Management Team.

ADJOURNMENT