Minutes of Finance Advisory Committee Meeting

BYRON SHIRE COUNCIL

Finance Advisory Committee Meeting Minutes 17 November 2022

Minutes of the Finance Advisory Committee Meeting held on Thursday, 17 November 2022

File No: I2022/1656

PRESENT: Cr M Swivel, Cr S Balson [Virtual], Cr A Pugh, Cr A Hunter

Staff: Mark Arnold (General Manager)

Esmeralda Davis (Director Corporate and Community Services)

Phil Holloway (Director Infrastructure Services)

James Brickley (Manager Finance)

Amber Evans Crane (Minute taker)

Cr Hunter (Chair) opened the meeting at 2:06PM and acknowledged that the meeting was being held on Bundjalung Country.

Attendance via AUDIO-VISUAL LINK:

Cr Balson attended the meeting via audio-visual link.

Apologies:

There were no apologies.

Declarations of Interest – Pecuniary and Non-Pecuniary

There were no declarations of interest.

Adoption of Minutes from Previous Meetings

Report No. 3.1 Adoption of Minutes - 18 August 2022

File No: I2022/1654

Committee Recommendation:

That the minutes of the Finance Advisory Committee Meeting held on 18 August 2022 be confirmed. (Swivel/Pugh)

The recommendation was put to the vote and declared carried.

Note: The minutes of the meeting held on 18 August 2022 were noted, and the Committee Recommendations adopted by Council, at the Ordinary Meeting held on 29 September 2022.

Business Arising from Previous Minutes

There was no business arising from previous minutes.

Staff Reports - Corporate and Community Services

Report No. 4.1 Budget Review - 1 July 2022 to 30 September 2022

File No: I2022/1648

Committee Recommendation:

1. That Council authorises the itemised budget variations as shown in Attachment 2 (#E2022/109971) which include the following results in the 30 September 2022 Quarterly Review of the 2022/2023 Budget:

a) General Fund – $0 movement to the Estimated Unrestricted Cash Result

b) General Fund - $3,005,900 decrease in reserves

c) Water Fund - $1,536,100 decrease in reserves

d) Sewerage Fund - $278,600 decrease in reserves

2. That Council adopts the revised General Fund Estimated Unrestricted Cash Result of ($207,000) for the 2022/2023 financial year as at 30 September 2022.

3. That a memo be brought to a Councillor Workshop identifying options to refocus the intent of Resolution No. 22-586 part 5 to reallocate operational funding with a view to continuing a drainage maintenance focus for the second half of the financial year. (Pugh/Swivel)

The recommendation was put to the vote and declared carried.

There being no further business the meeting concluded at 3:06PM.

Venue	Conference Room, Station Street, Mullumbimby
Date	Thursday, 17 November 2022
Time	2.00pm