FINANCE/BUDGET COMMITTEE

MINUTES

Thursday, March 05, 2020

10:30 A.m. - 12:00 P.m.

Cariboo Regional District Board Room

Suite D - 180 Third Avenue North

Williams Lake, B.C.

PRESENT :

• Chair J. Glassford,
• Director M. Sjostrom,
• Director B. Bachmeier,
• Director J. Massier,
• Director S. Forseth,
• Director M. LeBourdais,
• Director A. Richmond,
• Director M. Wagner,
• Director G. Kirby,
• Director W. Cobb,
• Director G. Fourchalk,
• and Alternate Director L-A Roodenburg

ABSENT :

• Director A. Delainey,
• Director C. Mernett,
• Director W. MacDonald,
• Director B. Simpson,
• and Director M. Campsall

STAFF :

• J. MacLean, Chief Administrative Officer,
• K. Erickson, Chief Financial Officer,
• A. Johnston, Manager of Corporate Services/Deputy CAO,
• E. Epp, Manager of Communications,
• S. Larson, Manager of Protective Services,
• and L. Volkmann, Recording Secretary

---

1.

CALL TO ORDER

The meeting was called to order at 10:31 a.m.

1.1

Adoption of Agenda

• FBC.2020-3-1
  Moved by Director Kirby
  Seconded by Director Bachmeier

  ​That the agenda items be adopted as presented.

  Carried Unanimously

2.

ADOPTION OF MINUTES

2.1

Minutes of the Finance-Budget Committee Meeting - January 15, 2020

• FBC.2020-3-2
  Moved by Director Forseth
  Seconded by Director Sjostrom

  That the minutes of the Finance-Budget Committee meeting, held January 15, 2020, be received and adopted.

  Carried Unanimously

3.

REPORTS AND CORRESPONDENCE

3.1

Operating Reserves (Self Funding) Policy and Procedure

• FBC.2020-3-3
  Moved by Director Sjostrom
  Seconded by Director Bachmeier

  That the agenda item summary from John MacLean, Chief Administrative Officer, dated February 27, 2020, with attached Operating Reserves (Self Funding) Policy and Procedure, be received. Further, that the Policy and Procedure be endorsed.

  Carried Unanimously

3.2

2020 Budget Consultation and Public Feedback

• FBC.2020-3-4
  Moved by Director Forseth
  Seconded by Director Fourchalk

  That the agenda item summary from Emily Epp, Manager of Communications, dated February 26, 2020, regarding the 2020 Budget Consultation and Public Feedback, be received.

  Carried Unanimously

3.3

Final Review of the 2020 -2024 Provisional Five-Year Financial Plan

• FBC.2020-3-5
  Moved by Director Fourchalk
  Seconded by Director LeBourdais

  That the agenda item summary from Kevin Erickson, Chief Financial Officer, dated February 28, 2020, regarding a final review of the 2020 -2024 Provisional Five-Year Financial Plan, be received.

  Amended by the following resolution
• FBC.2020-3-6
  Moved by Director Forseth
  Seconded by Director Fourchalk

  That the agenda item summary from Kevin Erickson, Chief Financial Officer, dated February 28, 2020, regarding a final review of the 2020-2024 Provisional Five-Year Financial Plan, be received.  Further that the Electoral Area Administration increase amount be reduced from $40,000 to $14,000.

  Defeated
• FBC.2020-3-7
  Moved by Director Bachmeier
  Seconded by Director Massier

  That the agenda item summary from Kevin Erickson, Chief Financial Officer, dated February 28, 2020, regarding a final review of the 2020-2024 Provisional Five-Year Financial Plan, be received. 

  Carried Unanimously

4.

ADJOURNMENT

• FBC.2020-3-8
  Moved by Director Massier
  Seconded by Director Richmond

  ​That the Finance/Budget Committee meeting be adjourned at 11:24 a.m., March 5, 2020.

  Carried Unanimously