Financial Planning Committee Regular Meeting Agenda

Extracted text (beginning)

Financial Planning Committee
Revised Agenda
 
Date:Wednesday, May 27, 2026
Time:10:45 am - 3:00 pm
Location:Electronic Zoom Meeting
Pages
1.CALL TO ORDER
10:45 AM
2.AGENDA
2.1Review of the Agenda
Committee to consider late items, new items and re-ordering of the agenda plus
consider any need to create an in camera meeting
2.2Approval of Agenda
3.PUBLIC COMMENT PERIOD
4.DELEGATIONS
None.
5.CORRESPONDENCE
None.
6.ADMINISTRATIVE COORDINATION
6.1Draft Minutes of Previous Meetings
6.1.1Financial Planning Committee Minutes of February 18, 2026
3 - 6
For review and approval
6.2Resolutions Without Meeting
None.
6.3Follow up Action List
7 - 7
For review
7.BUSINESS - WORK PROGRAM ITEMS

7.1March 31, 2026 Islands Trust Audited Financial Statements and Audit Report
8 - 28
Late item: The audited financial statements and accompanying audit report will be
received for information from the Annual Audit Committee upon adjournment of their
meeting on May 27, 2026, immediately prior to the Financial Planning Committee
meeting.
7.2March 31, 2026 Financial Results - Briefing
29 - 34
Suggested motion: That Financial Planning Committee forward the March 31, 2026
Financial Results Briefing to Trust Council for information.
7.3Draft Trust Council Request For Decision - Draft 2027/28 Budget Assumptions,
Principles, and Guidelines (BAPG)
35 - 45
7.4Budget Cycle Timeline
46 - 49
8.BUSINESS - OTHER
8.1Annual Report: Financial Planning Committee Section - Request For Decision
50 - 53
That Financial Planning Committee approve the attached text for inclusion in the
2025/26 Annual Report for approval by Trust Council and submission to the Minister
of Housing and Municipal Affairs.
8.2Financial-Related Governance Initiatives
54 - 54
9.BUSINESS - NEW
10.WORK PROGRAM
55 - 57
For review and referral to Trust Council before each quarterly TC meeting.
The Work Program consists of Current Projects and Future Projects.
That Financial Planning Committee approve the Work Program report as amended, and
forward it to Trust Council for approval.
11.NEXT MEETING
Wednesday, August 19, 2026, from 10:00 a.m. to 3:00 p.m.
12.CLOSED MEETING
If desired:
That the meeting be closed to the public in accordance with the Community Charter, Part 4,
Division 3, s.90, (quote the pertinent section here, for example, (1)(a) personal information
about...) and that the recorder and staff [attend/not attend] the meeting.
13.RISE AND REPORT
If desired.
14.ADJOURNMENT
3:00 PM
*Approximate time is provided for the convenience of the public only and is subject to change
without notice.
2

DRAFT
 
Financial Planning Committee 
Minutes of a Regular Meeting 
February 18, 2026 DRAFT Page 1 of 4 
Financial Planning Committee 
Minutes of a Regular Meeting 
 
Date of Meeting:  
Location:  
February 18, 2026 
Electronic Meeting 
 
Members Present:  
 
Sue Ellen Fast, Bowen Island Municipality, (FPC Chair) 
Mairead Boland, Saturna Island Local Trust Area, and Regional Planning  
 Committee Representative, (FPC Vice Chair) 

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