HomeMy WebLinkAboutAFC 2016-04-18 Minutes.pdfl J
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City of Maple Ridge
Audit & Finance Committee Meeting Minutes
April 18, 2016
The Minutes of the Audit and Finance Committee Meeting held in the Blaney Room of the
Municipal Hall, 11995 Haney Place, Maple Ridge, BC on Monday, April 18, 2016 at 9:00
a.m.
PRESENT
Committee Members
Councillor Masse, Chair
Mayor Read
Councillor Shymkiw
Councillor Speirs
Councillor Bell
Councillor Duncan
Absent
Councillor Robson
Municipal Staff
T. Swabey, Chief Administrative Officer
P. Gill, General Manager Corporate & Financial Services
C. Nolan, Manager of Accounting
T. Thompson, Manager of Financial Planning
A. Gaunt, Confidential Secretary
Note: Mayor Read chaired the meeting. The meeting was called to order at 9:05 a.m.
1. Approval of agenda
MOVED by Councillor Bell and SECONDED by Councillor Speirs that the agenda be
approved as submitted.
CARRIED
2. Approval of minutes of March 14, 2016
That the minutes of the Audit & Finance Committee Meeting of March 14, 2016 be
approved.
CARRIED
Audit & Finance Committee Meeting Minutes
March 14, 2016
Page 2
3. 2015 Consolidated Financial Statements
The Manager of Accounting gave a power point presentation providing information on
the 2015 Consolidated Financial Statements
Note: Councillor Shymkiw joined the meeting at 9:08 a.m.
The Manager of Accounting advised that the external auditors cannot finalize their
work until a Council recommendation accepting the consolidated financial
statements is approved.
4. Reserves
The Manager of Accounting gave a power point presentation providing information on
the City's financial resources including:
• Accumulated surplus (revenue funds)
• Reserve funds
• Reserve accounts
• Restricted Revenues
Note: Councillor Duncan joined the meeting at 9:31 a.m.
5. Introduction to Financial Reports on Committee of the Whole Agenda
The Manager of Financial Planning provided an overview of reports on the Committee of the
Whole Agenda including the Financial Plan Amending Bylaw and the 2016 Tax Rates Bylaw.
6. Next Meetings
• May 2 -Review of 2015 audit results
Adjournment -9:42AM
B. Masse, Chair