Finance Advisory
Committee Meeting Minutes
17 August
2017
Finance Advisory Committee Meeting
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Venue
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Conference Room, Station Street, Mullumbimby
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Date
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Thursday, 17 August 2017
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Time
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2.00pm
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Minutes of the Finance
Advisory Committee Meeting held on Thursday, 17 August 2017
File No: I2017/1109
PRESENT: Cr
B Cameron, Cr A Hunter, Cr M Lyon, Cr S Richardson
Staff: Mark
Arnold (Director Corporate and Community Services)
Phil
Holloway (Director Infrastructure Services)
James
Brickley (Manager Finance)
Cr Cameron (Chair) opened the meeting at 2.11pm
and acknowledged that the meeting was being held on Bundjalung Country.
Apologies:
There were apologies from Crs
Coorey and Spooner.
Declarations of Interest – Pecuniary and Non-Pecuniary
There were no declarations of
interest.
Adoption
of Minutes from Previous Meetings
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Committee
Recommendation:
1. That
the minutes of the Finance Advisory Committee Meeting held on 18 May 2017 be
confirmed.
2. That
the Committee note that the minutes of the Finance Advisory Committee Meeting
held on 18 May 2017 were noted, and the Committee Recommendations adopted by
Council, at the Ordinary Meeting held on 22 June 2017. (Hunter/Lyon)
The recommendation was put to the vote and declared carried.
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Business Arising from Previous Minutes
There was no business arising
from previous minutes.
Staff Reports -
Corporate and Community Services
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Report No. 4.1 2016/17
Financial Sustainability Plan - Update on the Action Implementation Plan as
at 30 June 2017
File No: I2017/966
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Committee Recommendation:
That the update report to
30 June 2017 on the 2016/2017 Financial Sustainability Plan Action
Implementation Plan (E2017/68956) be received and noted. (Hunter/Richardson)
The recommendation was put to the vote
and declared carried.
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Report No. 4.2 Carryovers
for Inclusion in the 2017/18 Budget
File No: I2017/1082
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Committee Recommendation:
That the Finance Advisory Committee recommend to
Council:
That the works and services, and the respective funding
shown in Attachment 1 (#E2017/77527) be carried over from the 2016/2017
financial year and that the carryover budget allocations be adopted as budget
allocation revotes for inclusion in the 2017/2018 Budget Estimates. (Hunter/Lyon)
The recommendation was put to
the vote and declared carried.
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Report No. 4.3 Council
Budget Review - 1 April 2017 to 30 June 2017
File No: I2017/1084
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Committee Recommendation:
That the Finance Advisory
Committee recommend to Council:
1. That
Council authorises the itemised budget variations as shown in Attachment 2 (#E2017/79490)
which includes the following results in the 30 June 2017 Quarterly Review of
the 2016/2017 Budget:
General
Fund - $0 change in Unrestricted Cash Result
a) General
Fund - $12,866,200 increase in reserves
b) Water
Fund - $5,528,900 increase in
reserves.
c) Sewerage
Fund - $4,959,400 increase in reserves (Hunter/Richardson)
The recommendation was put to
the vote and declared carried.
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There being no further business the meeting concluded at 3.31pm.