Finance Advisory
Committee Meeting Minutes
12 November
2020
Minutes of the Finance
Advisory Committee Meeting held on Thursday, 12 November 2020
File No: I2020/1763
PRESENT: Cr
B Cameron, Cr A Hunter, Cr M Lyon
Staff: Mark
Arnold (General Manager)
Vanessa
Adams (Director Corporate and Community Services)
James
Brickley (Manager Finance)
Cr Cameron
(Chair) opened the meeting at 2.08pm and acknowledged that the
meeting was being held on Bundjalung Country. The Chair also acknowledged that
it was NAIDOC Week.
Apologies:
Cr P Spooner, Phil Holloway (Director
Infrastructure Services)
Declarations of Interest – Pecuniary and Non-Pecuniary
There were no declarations of
interest.
Adoption of Minutes
from Previous Meetings
|
Report No. 3.1 Adoption
of Minutes - 20 August 2020
File No: I2020/1747
|
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Committee
Recommendation:
That the minutes of the Finance Advisory Committee Meeting
held on 20 August 2020 be confirmed. (Hunter/Lyon)
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. 4.1 Unrestricted
Cash and Reserves at 30 June 2020
File No: I2020/1731
|
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Committee
Recommendation:
1. That
the Reserve Balances as outlined in Attachment 1 (#E2020/87284) at 30 June
2020 be noted by the Finance Advisory Committee.
2. That
the Unrestricted Cash Balance of $724,300 as at 30 June 2020 be noted by the
Finance Advisory Committee. (Lyon/Hunter)
The recommendation was put to
the vote and declared carried.
|
|
Report No. 4.2 Quarterly
Update - Implementation of Special Rate Variation
File No: I2020/1739
|
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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 2020
as outlined in Attachment 1 (#E2020/88148).
(Lyon/Hunter)
The recommendation was put to
the vote and declared carried.
|
|
Report No. 4.3 Budget
Review - 1 July 2020 to 30 September 2020
File No: I2020/1758
|
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Committee
Recommendation:
1. That
Council authorises the itemised budget variations as shown in Attachment 2
(#E2020/88837) which include the following results in the 30 September 2020
Quarterly Review of the 2020/2021 Budget:
a) General
Fund – $60,700 increase to the Estimated Unrestricted Cash Result
b) General
Fund - $3,045,100 increase in reserves
c) Water
Fund - $800,900 decrease in reserves
d) Sewerage
Fund - $431,200 decrease in reserves
2. That
Council adopts the revised General Fund Estimated Unrestricted Cash Result of
$428,200 for the 2020/2021 financial year as at 30 September 2020. (Lyon/Hunter)
The recommendation was put to
the vote and declared carried.
|
There being no further business the meeting concluded at 3.22pm.
