HomeMy WebLinkAboutAFC 2018-03-06 Minutes.pdf)
i I
I
City of Maple Ridge
Audit & Finance Committee Meeting Minutes
March 6, 2018
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 Tuesday, March 6, 2018 at 5:00
p.m.
PRESENT
Committee Members
Councillor Masse, Chair
Councillor Bell
Councillor Robson
Councillor Skymkiw
Councillor Speirs
Mayor Read
Absent
Councillor Duncan
Municipal Staff
P. Gill, Chief Administration Officer
K. Swift, General Manager of Parks, Recreation & Culture
T. Thompson, Interim Director of Finance
C. Nolan, Manager of Accounting
Note: These Minutes are also posted on the City's Website at www.maoleridge.ca
The meeting was live streamed and recorded by the City of Maple Ridge
Mayor Read attended the meeting via telephone
The meeting was called to order at 5:00 p.m.
1. Approval of the Agenda
It was moved and seconded
That the agenda for the March 6, 2018 Audit & Finance Committee meeting be
approved as circulated.
CARRIED
2. Approval of minutes of February 6, 2018
It was moved and seconded
That the minutes of the Audit & Finance Committee of February 6, 2018 be
adopted as circulated.
CARRIED
Audit & Finance Committee Meeting Minutes
February 6, 2018
Page 2
3. Preliminary 2017 year-end update
The Manager of Accounting reviewed the Preliminary 2017 Year-End Update report
with the Committee. Staff responded to committee questions.
NOTE: Councillor Shymkiw joined the meeting at 5:05
NOTE: Councillor Robson joined the meeting at 5:10
4. Council Compensation
The Manager of Accounting provided a presentation illustrating the impact to
Council remuneration from an upcoming change to the Income Tax Act announced
as part of the 2017 Federal budget. The Committee directed staff to bring back
information about the adjustment to base compensation that would be needed in
2019 to offset the overall impact of this change.
5. MSP Premiums
The Interim Director of Finance reviewed a report regarding a transition from MSP
premiums to a payroll tax announced in the Provincial budget.
It was moved and seconded
That a letter be sent to the Province highlighting the impact on municipalities of
the Employer Health Tax including an appeal to attempt to make the change cost
neutral to municipalities.
The motion was amended to read:
That a letter be sent to the Province highlighting the impact on municipalities of
the Employer Health Tax including an appeal to attempt to make the change cost
neutral to municipalities and that the letter also be sent to UBCM member
municipalities & our MP.
CARRIED
6. Investment Report
The Interim Director of Finance reviewed the investment report and answered
questions from the committee.
7. Adjournment -5:56 p.m.