Minutes of Meeting

Finance Advisory Committee Meeting

Venue	Conference Room, Station Street, Mullumbimby
Date	Thursday, 20 February 2025
Time	2:00 PM

BYRON SHIRE COUNCIL

 Minutes                                                                                                                                           

Minutes of the Finance Advisory Committee Meeting held on Thursday, 20 February 2025

File No: I2025/181

PRESENT:

Councillors:	Cr Sarah Ndiaye	Present
	Cr Jack Dods	Present
	Cr Michelle Lowe	Present
	Cr Elia Hauge	Present
	Cr David Warth	Absent
Staff:	Mark Arnold (General Manager)	Present
	Esmeralda Davis (Director Corporate & Community Services)	Present
	Phil Holloway (Director Infrastructure Services)	Present
	James Brickley (Manager Finance)	Present
	Storm Townsend (Minute Taker)	Present

Cr Sarah Ndiaye (Chair) opened the meeting at 2:10pm and acknowledged that the meeting was being held on Bundjalung Country.

Attendance via AUDIO-VISUAL LINK:

There were no attendances via audio-visual link.

Apologies:

An apology was received from Cr Michelle Lowe (Cr Lowe joined the meeting at 3:31pm).

Declarations of Interest – Pecuniary and Non-Pecuniary

There were no declarations of interest.

Minutes from Previous Meetings

Report No. 3.1           Adoption of Minutes of the Finance Advisory Committee Meeting held 8 August 2024

File No:                       I2025/168

Committee Recommendation:

That the minutes of the Finance Advisory Committee Meeting held on 8 August 2024 be noted. (Ndiaye/Dods)

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           Budget Review - 1 October to 31 December 2024

File No:                       I2025/134

Committee Recommendation:

That Council:

1.      Authorises the itemised budget variations as shown in Attachment 2 (#E2025/15611) which include the following results in the 31 December 2024 Quarterly Review of the 2024/2025 Budget:

a)      General Fund – $75,500 decrease to the Estimated Unrestricted Cash Result

b)      General Fund - $9,502,200 increase in reserves

c)      Water Fund - $671,600 increase in reserves

d)      Sewerage Fund - $1,405,200 increase in reserves

2.      Adopts the revised General Fund Estimated Unrestricted Cash Surplus of $400,000 for the 2024/2025 financial year as at 31 December 2024.

(Ndiaye/Hauge)

The recommendation was put to the vote and declared carried.

Cr Michelle Lowe joined the meeting at 3:31pm.

Report No. 4.2           Natural Disaster Recovery - Financial Reporting

File No:                       I2025/152

Committee Recommendation:

That the Finance Advisory Committee noted the Natural Disaster Recovery Financial Report. (Lowe/Hauge)

The recommendation was put to the vote and declared carried.

There being no further business the meeting concluded at 3.53pm.