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City of Maple Ridge
Audit & Finance Committee Meeting Minutes
November 14, 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, November 14, 2016 at
2:00 p.m.
PRESENT
Committee Members
Councillor Masse, Chair
Mayor Read
Councillor Duncan
Councillor Bell
Absent
Councillor Robson
Councillor Shymkiw
Councillor Speirs
Municipal Staff
T. Swabey, Chief Administrative Officer
P. Gill, General Manager Corporate & Financial Services
F. Quinn, General Manager: Public Works and Development
Services
K. Swift, General Manager Parks, Recreation and Cultural Services
C. Nolan, Manager of Accounting
T. Thompson, Manager of Financial Planning
L. Benson, Manager of Sustainability & Corporate Planning
The meeting was called to order at 2:05p.m.
1. Amendments to the Agenda
The agenda was amended with the addition of the following item:
Item 7: Investment Report -October 2016
MOVED by Councillor Bell and SECONDED by Councillor Duncan that the agenda be
approved as amended to include the Investment Report
CARRIED
2. Approval of the Agenda
MOVED by Councillor Bell and SECONDED by Councillor Duncan that the agenda be
approved as amended.
CARRIED
3. Approval of minutes of June 13, 2016
MOVED by Mayor Read and SECONDED by Councillor Duncan that the minutes of the
Audit & Finance Committee meeting of June 13, 2016 be approved.
CARRIED
Audit & Finance Committee Meeting Minutes
November 14, 2016
Page 2
4. 2016 Financial Update
The Manager of Accounting provided an update on 2016 financial performance to the end of
September.
5. 2017-2021 Business Planning Update
The Chief Administrative Officer provided an update on the upcoming business planning
sessions scheduled for November 28, 29 and 30.
6. Parks & Recreation Community Investments
The GM -Corporate & Financial Services and the Chief Administrative Officer discussed the
need to begin advancing the funding strategy for the proposed community investments,
noting that additional discussion will take place as part of business planning process.
7. Distinguished Budget Presentation Award
The GM -Corporate & Financial Services advised the committee that the City had received
the Government Finance Officers Association's Distinguished Budget Presentation Award for
the 2015-2019 Financial Plan.
8. Investment Report -October 2016
The Manager of Financial Planning reviewed the report and noted that the City's return on
investment was 2.1% compared to the benchmark of 1.3%
Adjournment at 2:50
B. Masse, Chair