Finance Advisory
Committee Meeting Minutes
15 November
2018
Minutes of the Finance
Advisory Committee Meeting held on Thursday, 15 November 2018
File No: I2018/2223
PRESENT: Cr
B Cameron, Cr A Hunter, Cr M Lyon, Cr P Spooner
Staff: Mark
Arnold (General Manager)
Vanessa
Adams (Director Corporate and Community Services)
Phil
Holloway (Director Infrastructure Services)
James
Brickley (Manager Finance)
Cr Cameron (Chair) opened the meeting at 2:15pm and
acknowledged that the meeting was being held on Bundjalung Country.
Apologies:
Cr Richardson and Cr Coorey were
apologies.
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 16 August 2018 be confirmed.
(Lyon/Hunter)
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 Quarterly
Update - Implementation of Special Rate Variation
File No: I2018/2143
|
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Committee Recommendation:
That the Finance Advisory Committee notes the quarterly
update on the Special Rate Variation Implementation as at 30 September 2018. (Hunter/Lyon)
The recommendation was put to
the vote and declared carried.
|
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Report No. 4.2 Unrestricted
Cash and Reserves at 30 June 2018
File No: I2018/2146
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Committee Recommendation:
1. That
the Reserve Balances as outlined in Attachment 1 (#E2018/89575) at 30 June
2018 be noted by the Finance Advisory Committee.
2. That
the Unrestricted Cash Balance of $1,145,200 as at 30 June 2018 be noted by
the Finance Advisory Committee. (Spooner/Hunter)
The recommendation was put to
the vote and declared carried.
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Report No. 4.3 Long
Term FInancial Plan 2018-2028
File No: I2018/2147
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Committee Recommendation:
That the Finance Advisory Committee notes the update
provided in respect of the 2018-2028 Long Term Financial Plan. (Cameron/Lyon)
The recommendation was put to
the vote and declared carried.
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Report No. 4.4 Budget
Review - 1 July 2018 to 30 September 2018
File No: I2018/2158
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Committee Recommendation:
That the Finance Advisory Committee recommends to Council:
1. That
Council authorises the itemised budget variations as shown in Attachment 2
(#E2018/89897) which includes the following results in the 30 September 2018
Quarterly Review of the 2018/2019 Budget:
a) General
Fund – $37,200 increase to the Estimated Unrestricted Cash Result
b) General
Fund - $952,700 increase in reserves
c) Water
Fund - $163,900 increase in reserves
d) Sewerage
Fund - $208,200 increase in reserves
2. That Council adopts
the revised General Fund Estimated Unrestricted Cash Result of
$1,145,200 for the 2018/2019 financial year as at 30 September 2018.
(Spooner/Hunter)
The recommendation was put to
the vote and declared carried.
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There being no further business the meeting concluded at 3:40pm.
