February 16, 2021 - Agenda (Special)

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ITEM

MINUTES

FIN-3

Motion to adopt the minutes of the meeting of the Finance Committee held on February 1, 2021.

FINANCE AND CORPORATE SERVICES DIVISION

1.

Additional Information on the 2021 Proposed Capital Budget 
(File Ref. No. 03-0970-01) (REDMS No. 6612559 v. 2)

FIN-7

See Page FIN-7 for full report

Designated Speakers:  Ivy Wong and Jerry Chong

STAFF RECOMMENDATION

(1)

That the staff report titled “Additional Information on the 2021 Capital Budget” from the Acting Director, Finance dated February 9, 2021 be received for information;

(2)

That the 2021 Proposed Capital Budget as presented in Appendix 3 of the staff report titled “2021 Proposed Capital Budget” from the Acting Director, Finance dated January 15, 2021 in Attachment 2 totalling $99,832,779 be approved; and

(3)

That the 2021 Proposed Capital Budget totaling $99,832,779 and the 2022-2025 Capital Projects be included in the Consolidated 5 Year Financial Plan (2021-2025).

2.

Additional Information on the 2021 One-Time Expenditures 
(File Ref. No. 03-0970-01) (REDMS No. 6612560 v. 5)

FIN-171

See Page FIN-171 for full report

Designated Speakers:  Ivy Wong and Jerry Chong

STAFF RECOMMENDATION

(1)

That the staff report titled “Additional Information on the 2021 One-Time Expenditures” from the Acting Director, Finance dated February 9, 2021 be received for information; and

(2)

That the recommended one-time expenditures totaling $1,081,269 as outlined in Table 1, be approved with funding from the Rate Stabilization Account and included in the Consolidated 5 Year Financial Plan (2021-2025).

ADJOURNMENT