May 3, 2021 - Agenda

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ITEM

MINUTES

FIN-4

Motion to adopt the minutes of the meeting of the Finance Committee held on April 6, 2021.

FIN-6

DELEGATION

1.

C.J. James, Engagement Partner, KPMG LLP, and Aanu Adeleye, Senior Manager, KPMG LLP, to present the 2020 Audit findings on the City’s financial statements.

FINANCE AND CORPORATE SERVICES DIVISION

2.

2020 Consolidated Financial Statements
(File Ref. No. 03-0905-01) (REDMS No. 6662721)

FIN-28

See Page FIN-28 for full report

Designated Speaker:  Cindy Gilfillan

STAFF RECOMMENDATION

(1)

That the staff report titled, “2020 Consolidated Financial Statements”, dated April 16, 2021 from the Acting Director, Finance be received for information; and

(2)

That the 2020 City of Richmond Consolidated Financial Statements as presented in Attachment 2 be approved.

RICHMOND PUBLIC LIBRARY

3.

2020 Financial Statements for the Richmond Public LibrarY
(File Ref. No. 03-0905-01) (REDMS No. 6657206)

FIN-119

See Page FIN-119 for full report

Designated Speaker:  Susan Walters

STAFF RECOMMENDATION

That the 2020 Richmond Public Library audited financial statements for the year ended December 31, 2020, as presented in the attached report from the Chief Librarian, be received for information.

LULU ISLAND ENERGY COMPANY

4.

2020 Financial Statements for the Lulu Island Energy Company
(File Ref. No. 01-0060-20-LIEC1) (REDMS No. 6655282)

FIN-142

See Page FIN-142 for full report

Designated Speakers:  Jerry Chong and Alen Postolka

STAFF RECOMMENDATION

That the Lulu Island Energy Company report titled “2020 Financial Statements for the Lulu Island Energy Company”, dated March 8, 2021, from the Chief Financial Officer, be received for information.

RICHMOND OLYMPIC OVAL CORPORATION

5.

Richmond Olympic Oval Corporation 2020 Audited Financial STATEMENTS
(File Ref. No.) (REDMS No. 6662612)

FIN-181

See Page FIN-181 for full report

Designated Speaker:  Rick Dusanj

STAFF RECOMMENDATION

That the report on the 2020 Audited Financial Statements for the Richmond Olympic Oval Corporation from the Acting Chief Financial Officer and Interim Senior Manager, Finance & Administration, Richmond Olympic Oval Corporation be received for information.

ADJOURNMENT