Minutes of Meeting

Finance Advisory Committee Meeting

Venue	Conference Room, Station Street, Mullumbimby
Date	Thursday, 18 August 2022
Time	2.00pm

BYRON SHIRE COUNCIL

Finance Advisory Committee Meeting Minutes                    18 August 2022

Minutes of the Finance Advisory Committee Meeting held on Thursday, 18 August 2022

File No: I2022/1041

PRESENT: Cr M Swivel, Cr S Balson, Cr A Pugh, Cr A Hunter

Staff:  Mark Arnold (General Manager)

            Esmeralda Davis (A/Director Corporate and Community Services)

            Phil Holloway (Director Infrastructure Services)

            James Brickley (Manager Finance)

Cr Balson (Chair) opened the meeting at 2.08pm and acknowledged that the meeting was being held on Bundjalung Country.

Apologies:

There were no apologies.

Procedural Motion

Committee Recommendation:

That Cr Pugh be permitted to attend the meeting held on 18 August 2022 by audio-visual link.

(Pugh)

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 from 19 May Meeting

File No:                       I2022/1025

Committee Recommendation:

That the minutes of the Finance Advisory Committee Meeting held on 19 May 2022 be confirmed.

(Hunter/Swivel)

The recommendation was put to the vote and declared carried.

Note: The minutes of the meeting held on 19 May 2022 were noted, and the Committee Recommendations adopted by Council, at the Ordinary Meeting held on 23 June 2022.

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 April to 30 June 2022

File No:                       I2022/990

Committee Recommendation:

1.      That Council authorises the itemised budget variations as shown in Attachment 2 (#E2022/77197) which includes the following results in the 30 June 2022 Quarterly Review of the 2021/2022 Budget:

a)      General Fund - $126,500 decrease in Unrestricted Cash Result

b)      General Fund - $27,657,600 increase in reserves

c)      Water Fund - $4,366,600 increase in reserves

d)      Sewerage Fund - $8,070,200 increase in reserves.

2.      That Council adopts the revised General Fund Estimated Unrestricted Cash Result of $0 for the 2021/2022 financial year.

(Hunter/Swivel)

The recommendation was put to the vote and declared carried.

Report No. 4.2           Carryovers for inclusion in the 2022-2023 Budget

File No:                       I2022/1032

Committee Recommendation:

That the Committee recommends Council approves the works and services (with respective funding) shown in Attachment 1 (#E2022/76668) to be carried over from the 2021/2022 financial year and that the carryover budget allocations be adopted as budget revotes for inclusion in the 2022/2023 Budget Estimates.

(Swivel/Hunter)

The recommendation was put to the vote and declared carried.

There being no further business the meeting concluded at 3.23pm.