Extraordinary Finance Advisory Committee Meeting
Conference Room, Station Street, Mullumbimby
Thursday, 13 April 2017
Extraordinary Finance Advisory Committee Meeting Minutes 13 April 2017
Minutes of the Extraordinary Finance Advisory Committee Meeting held on Thursday, 13 April 2017
File No: I2017/461
PRESENT: Cr B Cameron, Cr C Coorey, Cr A Hunter, Cr M Lyon, Cr P Spooner
Staff: Mark Arnold (Acting General Manager)
Phil Holloway (Director Infrastructure Services)
James Brickley (Manager Financial Services)
Cr Cameron (Chair) opened the meeting at 9.04am and acknowledged that the meeting was being held on Bundjalung Country.
There was an apology received from Cr Richardson.
There were no declarations of interest.
That the minutes of the Finance Advisory Committee Meeting held on 16 February 2017 be confirmed. (Hunter/Cameron)
There was no business arising from previous minutes.
File No: I2017/341
That the Finance Advisory Committee receive a further report on the review of the Council’s Investment Policy at its next meeting scheduled for 18 May 2017, with the following amendments to the Draft Policy - Council Investments 2017 to be included:
a) Definition for Social and Environmentally Responsible Investments,
b) Decision making process for the investment of funds with an authorised deposit-taking institution. (Spooner/Lyon)
File No: I2017/344
That the Finance Advisory Committee recommend to Council the adoption of the Draft 2017/2018 Budget Estimates for the purposes of public exhibition subject to:-
a) the inclusion of a revised Operating Revenue and Expenditure Budget for the Cavanbah Centre, and
b) the distribution to Councillors by Memorandum of further information on significant variances to salary and wages budgets. (Cameron/Hunter)
File No: I2017/345
That the Finance Advisory Committee recommend to Council the adoption of the Draft 2017/2018 Revenue Policy for the purposes of public exhibition subject to:-
a) an amendment to the section on Borrowings to include additional information on the level of existing debt and the impact of debt ratios of the additional borrowings forecast in the Draft Revenue Policy. (Hunter/Spooner)
There being no further business the meeting concluded at 11.00am.