HomeMy WebLinkAboutAFC 2017-03-20 Minutes.pdfl
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City of Maple Ridge
Audit & Finance Committee Meeting Minutes
March 20, 2017
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, March 20, 2017 at
9:00 a.m.
PRESENT
Committee Members
Councillor Masse, Chair
Councillor Duncan
Councillor Robson
Councillor Shymkiw
Councillor Speirs
Mayor Read
Absent
Councillor Bell
Municipal Staff
K. Swift, Acting Chief Administrative Officer
P. Gill, General Manager Corporate & Financial Services
C. Nolan, Manager of Accounting
L. Benson, Manager of Sustainability & Corporate Planning
The meeting was called to order at 9:00 a.m.
1. Approval of the Agenda
It was moved and seconded
That the agenda for the March 20, 2017 Audit & Finance Committee meeting be
approved as circulated.
CARRIED
2. Approval of minutes of January 16, 2017
It was moved and seconded
That the minutes of the Audit & Finance Committee of January 16, 2017 be
adopted as circulated.
CARRIED
Audit & Finance Committee Meeting Minutes
January 16, 2017
Page 2
3. Preliminary 2016 Year-End Update
The Committee received the report from the Manager of Accounting who discussed
the salient points of the report.
It was moved and seconded
That the report be received for information
Note: Councillor Shymkiw joined the meeting at 9:05
Note: Mayor Read joined the meeting at 9:10
4. CMR Debt SeNicing
CARRIED
The Committee received the report form the Manager of Accounting and she
outlined how the City's debt servicing room is calculated.
The Committee asked for a further report on what, if any, restrictions are in place
with respect to the taxes being collected for the Town Centre debt payments, once
the debt is retired.
5. Legislative SeNices (Council) Budget
The Manager of Accounting provided an overview of the section of the budget
related to Council. She explained the different line items and a discussion ensued.
The Committee asked that staff bring back a report with a suggested process to
review Council compensation, including expenses. The Council training &
conferences budget is also to be brought back for review.
Adjournment at 9:55
B. Masse, Chair Z