April 4, 2022 - Agenda

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ITEM

MINUTES

FIN-4

Motion to adopt the minutes of the meeting of the Finance Committee held on March 7, 2022.

FINANCE AND CORPORATE SERVICES DIVISION

1.

Appointment of External Auditor
(File Ref. No.) (REDMS No. 6853618)

FIN-7

See Page FIN-7 for full report

Designated Speaker:  Cindy Gilfillan

STAFF RECOMMENDATION

That KPMG LLP be appointed as the external financial auditor for the City of Richmond for a five-year period, beginning with the 2022 fiscal year that ends December 31, 2022 through to the 2026 fiscal year that ends December 31, 2026.

REMOVED

2.

Municipal Security Issuing Resolution
(File Ref. No. 03-0900-01) (REDMS No. 6850735)

Designated Speaker:  Venus Ngan

STAFF RECOMMENDATION

(1)

That a 20-year term $96 million borrowing with a 20-year amortization period from the Municipal Finance Authority of British Columbia’s (MFA’s) 2022 Fall Borrowing Session, as authorized through Steveston Community Centre and Branch Library Loan Authorization Bylaw No. 10334, be approved;

(2)

That the Metro Vancouver Regional District (MVRD) be requested to consent and to include the City of Richmond’s 20-year term $96 million borrowing with a 20-year amortization period in MVRD’s Security Issuing Bylaw; and

(3)

That the Consolidated 5-Year Financial Plan (2022-2026) be amended accordingly.

3.

Revenue Anticipation Borrowing (2022) Bylaw No. 10368
(File Ref. No. 03-0900-01) (REDMS No. 6849317)

FIN-15

See Page FIN-15 for full report

Designated Speaker:  Venus Ngan

STAFF RECOMMENDATION

That Revenue Anticipation Borrowing (2022) Bylaw No. 10368 be introduced and given first, second and third readings.

4.

2021 Annual Development Cost Charges Report
(File Ref. No.) (REDMS No. 6843894)

FIN-19

See Page FIN-19 for full report

Designated Speaker:  Cindy Gilfillan

STAFF RECOMMENDATION

That the staff report titled, “2021 Annual Development Cost Charges Report,” dated March 7, 2022 from the Director, Finance be received for information.

ADJOURNMENT