Minutes of Meeting

Finance Advisory Committee Meeting

Venue	Conference Room, Station Street, Mullumbimby
Date	Thursday, 19 August 2021
Time	2.00pm

                                                                                                                 I2021/1328

                                                                                      Distributed 12/08/21

BYRON SHIRE COUNCIL

Finance Advisory Committee Meeting Minutes        19 August 2021

Minutes of the Finance Advisory Committee Meeting held on Thursday, 19 August 2021

File No: I2021/1328

PRESENT: Cr M Lyon (Mayor), Cr B Cameron, Cr C Coorey, Cr A Hunter, Cr P Spooner

Staff:  Mark Arnold (General Manager)

          Vanessa Adams (Director Corporate and Community Services)

          Phil Holloway (Director Infrastructure Services)

          James Brickley (Manager Finance)

Due to the absence of a quorum, this meeting was cancelled and all items are deferred to the 26 August Ordinary Council Meeting.

Declarations of Interest – Pecuniary and Non-Pecuniary

There were no declarations of interest.

Cr <<Enter name>> declared a pecuniary/non-pecuniary interest in Report <<enter no.>>. The nature of the interest being that <<type text here>>.

Cr <<Enter name>> declared a pecuniary/non-pecuniary interest in Report <<enter no.>>. The nature of the interest being that <<type text here>>.

Adoption of Minutes from Previous Meetings

Report No. 3.1         Adoption of Minutes from the Finance Advisory Committee meeting 12 November 2020

File No:                   I2021/1325

RECOMMENDATION:

That the minutes of the Finance Advisory Committee Meeting held on 12 November 2020 be confirmed.

Note: The minutes of the meeting held on [meeting date] were noted, and the Committee Recommendations adopted by Council, at the Ordinary Meeting held on [date]. (this note is only required if relevant ie a Panel meeting does not necessarily need to be reported to Council.)

Business Arising from Previous Minutes

There was no business arising from previous minutes.

<<enter text>>

Staff Reports - Corporate and Community Services

Report No. 4.1         Carryovers for Inclusion in the 2021-2022 Budget

File No:                   I2021/1302

RECOMMENDATION:

That Council approves the works and services (with respective funding) shown in Attachment 1 (#E2021/101511) to be carried over from the 2020/2021 financial year and that the carryover budget allocations be adopted as budget revotes for inclusion in the 2021/2022 Budget Estimates.

Report No. 4.2         Budget Review - 1 April to 30 June 2021

File No:                   I2021/1323

RECOMMENDATION:

1.     That Council authorises the itemised budget variations as shown in Attachment 2 (#E2021/102240) which includes the following results in the 30 June 2021 Quarterly Review of the 2020/2021 Budget:

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

b)     General Fund - $18,464,300 increase in reserves

c)     Water Fund - $1,767,000 increase in reserves

d)     Sewerage Fund - $2,757,700 increase in reserves.

2.     That Council adopts the revised General Fund Estimated Unrestricted Cash Result of $517,600 for the 2020/2021 financial year.

There being no further business the meeting concluded at <<enter time>>.