Minutes of Finance Advisory Committee Meeting

Finance Advisory Committee Meeting Minutes 8 August 2024

Minutes of the Finance Advisory Committee Meeting held on Thursday, 8 August 2024

File No: I2024/1122

PRESENT:

Councillors:	Cr M Swivel	Present
	Cr S Balson	Apology
	Cr A Pugh	Apology
	Cr A Hunter (Chair)	Present
Staff:	Mark Arnold (General Manager)	Present
	Esmeralda Davis (Director Corporate & Community Services)	Apology
	Phil Holloway (Director Infrastructure Services)	Present
	James Brickley (Manager Finance)	Present
	Storm Townsend (Minute Taker)	Present

Cr Hunter (Chair) opened the meeting at 9:05am and acknowledged that the meeting was being held on Bundjalung Country.

Attendance via AUDIO-VISUAL LINK:

There were no applications to attend the meeting via audio-visual link.

Apologies:

Apologies were received from Cr Balson, Cr Pugh and Esmeralda Davis.

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 of the Finance Advisory Committee Meeting held 9 May 2024

File No: I2024/735

Committee Recommendation:

That the minutes of the Finance Advisory Committee Meeting held on 9 May 2024 be confirmed. (Hunter/Swivel)

The recommendation was put to the vote and declared carried.

Note: The minutes of the meeting held on 9 May 2024 were noted, and the Committee Recommendations adopted by Council, at the Ordinary Meeting held on 27 June 2024.

Business Arising from Previous Minutes

There was no business arising from previous minutes.

Staff Reports - Corporate and Community Services

Report No. 4.1 Carryovers for Inclusion in the 2024-2025 Budget

File No: I2024/1089

Committee Recommendation:

That Council approves the works and services (with respective funding) shown in Attachment 1 (#E2024/88511) to be carried over from the 2023/2024 financial year and that the carryover budget allocations be adopted as budget revotes for inclusion in the 2024/2025 Budget Estimates. (Hunter/Swivel)

The recommendation was put to the vote and declared carried.

Report No. 4.2 Budget Review - 1 April to 30 June 2024

File No: I2024/1093

Committee Recommendation:

1. That Council authorises the itemised budget variations as shown in Attachment 2 (#E2024/89025) which include the following results in the 30 June 2024 Quarterly Review of the 2023/2024 Budget:

a) General Fund – $429,000 movement to the Estimated Unrestricted Cash Result

b) General Fund - $54,423,800 increase in reserves

c) Water Fund - $2,734,400 increase in reserves

d) Sewerage Fund - $5,413,800 increase in reserves

2. That Council adopts the revised General Fund Estimated Unrestricted Cash Result of $429,000 for the 2023/2024 financial year as at 30 June 2024. (Hunter/Swivel)

The recommendation was put to the vote and declared carried.

There being no further business the meeting concluded at 10.03am.

Venue	Conference Room, Station Street, Mullumbimby
Date	Thursday, 8 August 2024
Time	9.00am