Minutes of Meeting

Finance Advisory Committee Meeting

Venue	Conference Room, Station Street, Mullumbimby
Date	Thursday, 8 August 2019
Time	2.00pm

BYRON SHIRE COUNCIL

Finance Advisory Committee Meeting Minutes                                8 August 2019

Minutes of the Finance Advisory Committee Meeting held on Thursday, 8 August 2019

File No: I2019/1176

PRESENT:   Cr B Cameron, Cr A Hunter, Cr M Lyon

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 2:05pm and acknowledged that the meeting was being held on Bundjalung Country.

Apologies:

Crs Coorey, Richardson, and Spooner.

Declarations of Interest – Pecuniary and Non-Pecuniary

There were no declarations of interest.

Adoption of Minutes from Previous Meetings

There being no quorum at the 9 May 2019 meeting, there were no minutes to be adopted.

Business Arising from Previous Minutes

There was no business arising from previous minutes.

Staff Reports - Corporate and Community Services

Report No. 4.1             Quarterly Update - Implementation of Special Rate Variation

File No:                        I2019/1166

Committee Recommendation:

That the Finance Advisory Committee notes the quarterly update on the Special Rate Variation Implementation as at 30 June 2019. Cameron/Lyon)

The recommendation was put to the vote and declared carried.

Report No. 4.2             Carryovers for Inclusion in the 2019-2020 Budget

File No:                        I2019/1170

Committee Recommendation:

That the Finance Advisory Committee recommends to Council:

That the works and services, and the respective funding shown in Attachment 1 (#E2019/55476), be carried over from the 2018/2019 financial year and that the carryover budget allocations be adopted as budget allocation revotes for inclusion in the 2019/2020 Budget Estimates.

(Hunter/Lyon)

The recommendation was put to the vote and declared carried.

Report No. 4.3             Budget Review - 1 April 2019 to 30 June 2019

File No:                        I2019/1173

Committee Recommendation:

That the Finance Advisory Committee recommends to Council:

1.       That Council authorises the itemised budget variations as shown in Attachment 2   (#E2019/56200) which include the following results in the 30 June 2019 Quarterly Review of the 2018/2019 Budget:

a)      General Fund - $0 change in Unrestricted Cash Result

b)      General Fund - $11,930,300 increase in reserves

c)      Water Fund - $1,664,200 increase in reserves.

d)      Sewerage Fund - $2,015,700 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. (Lyon/Cameron)

The recommendation was put to the vote and declared carried.

There being no further business the meeting concluded at 2:55pm.