Finance Advisory
Committee Meeting Minutes
12 May 2016
Minutes of the Finance
Advisory Committee Meeting held on Thursday, 12 May 2016
File No: I2016/468
PRESENT: Cr
B Cameron, Cr D Dey, Cr A Hunter and Cr D Woods
Staff: Ken
Gainger (General Manager)
Mark
Arnold (Director Corporate and Community Services)
Phil
Holloway (Director Infrastructure Services)
James
Brickley (Manager Finance)
Sarah
Parkinson (Minute Taker)
Cr Cameron (Chair) opened the meeting at 2.08pm
and acknowledged that the meeting was being held on
Bundjalung Country.
Apologies:
There was an apology received from
Cr Ibrahim and Cr Cubis.
Declarations of Interest – Pecuniary and Non-Pecuniary
There were no declarations of interest.
Adoption
of Minutes from Previous Meetings
Committee
Recommendation:
That the minutes of the Finance Advisory Committee Meeting
held on 18 February 2016 be confirmed. (Woods/Hunter)
The recommendation was put to the vote and declared carried.
|
Business Arising from Previous Minutes
There was no business arising
from previous minutes.
Staff Reports -
Corporate and Community Services
Report No. 5.1 2015/16
Financial Sustainability Project Plan - Update on the Action Implementation Plan
as at 31 March 2016
File No: I2016/299
|
Committee Recommendation:
That the update report to 31 March 2016 on the 2015/2016
Financial Sustainability Project Plan Action Implementation Plan
(E2016/20541) be received and noted by Council. Woods/Hunter)
The recommendation was put to
the vote and declared carried.
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Report
No. 5.2 Draft
2016/2017 Budget
File No: I2016/449
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Committee
Recommendation:
That the Finance
Advisory Committee consider the Draft 2016/2017 Budget as adopted by Council
for public exhibition, and list the following items for consideration at the
Council Strategic Planning Workshop to be held on 26 May 2016, in accordance
with Part 4(d) of resolution 16-221.
·
Mullumbimby Masterplan Funding 2016/17
·
Byron Bay STP Expansion ($500,000)
·
Ocean Shores STP Upgrade ($620,000) (Cameron/Woods)
The
recommendation was put to the vote and declared carried.
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Report No. 5.3 Budget
Review - 1 January 2016 to 31 March 2016
File No: I2016/460
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Committee Recommendation:
That the Finance Advisory Committee recommend to
Council:
1. That
Council authorise the itemised budget variations as shown in Attachment 2 (#E2016/28781)
which includes the following results in the 31 March 2016 Quarterly Review of
the 2015/2016 Budget:
a) General
Fund - $0 adjustment in the accumulated surplus/working funds
b) General
Fund - $4,184,500 increase in reserves
c) Water
Fund - $2,116,000 increase in reserves
d) Sewerage
Fund - $4,794,100 increase in reserves
2. That
Council adopt the revised General Fund Accumulated Surplus/(Working Funds)
of
$919,100 for the 2015/2016 financial year as at 31 March 2016. (Woods/Hunter)
The recommendation was put to
the vote and declared carried.
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There being no further business the meeting concluded at 3.20pm.