May 4, 2020 - Agenda

Pg. #

ITEM

MINUTES

FIN-4

FIN-5A

Motion to adopt the minutes of the meetings of the Finance Committee held on April 6, 2020 and April 20, 2020.

DELEGATIONS

1.

C.J. James, Engagement Partner, KPMG LLP, and Aanu Adeleye, Senior Manager, KPMG LLP, to present the 2019 Audit findings on the City’s financial statements.

FINANCE AND CORPORATE SERVICES DIVISION

2.

2019 Financial Statements for the Richmond Public Library 
(File Ref. No. 03-0905-01/2020) (REDMS No. 6448396; 6448404)

FIN-6

See Page FIN-6 for full report

Designated Speaker:  Susan Walters

STAFF RECOMMENDATION

That the 2019 Richmond Public Library audited financial statements for the year ended December 31, 2019, as presented in the attached report from the Chief Librarian, be received for information.

3.

2019 Financial Statements for the Lulu Island Energy Company 
(File Ref. No. 10-0060-20/2020) (REDMS No. 6441023)

FIN-28

See Page FIN-28 for full report

Designated Speaker:  Jerry Chong

STAFF RECOMMENDATION

That the Lulu Island Energy Company report titled “2019 Financial Statements for the Lulu Island Energy Company” dated April 1, 2020 from the Chief Executive Officer and Chief Financial Officer, be received for information.

4.

Richmond Olympic Oval – 2019 Audited Financial Statements 
(File Ref. No.) (REDMS No. 6450716)

FIN-65

See Page FIN-65 for full report

Designated Speaker:  Rick Dusanj

STAFF RECOMMENDATION

That the report on 2019 Audited Financial Statements for the Richmond Olympic Oval Corporation from the Controller of the Richmond Olympic Oval Corporation be received for information.

5.

2019 Consolidated Financial Statements 
(File Ref. No. 03-0905-01/2020) (REDMS No. 6448921 v. 2; 6448931; 6422057)

FIN-88

See Page FIN-88 for full report

Designated Speaker:  Cindy Gilfillan

STAFF RECOMMENDATION

That the City of Richmond’s audited consolidated financial statements for the year ended December 31, 2019 be accepted.

6.

Revenue Anticipation Borrowing (2020) Bylaw No. 10153
(File Ref. No. 03-0900-01/2020) (REDMS No. 6404314 v. 2)

FIN-156

See Page FIN-156 for full report

Designated Speaker:  Venus Ngan

STAFF RECOMMENDATION

1.

That Revenue Anticipation Borrowing (2020) Bylaw No. 10153 be introduced and given first, second and third readings.

2.

That Revenue Anticipation Borrowing (2020) Bylaw No. 10153 be adopted.

ADJOURNMENT