Financial Planning Committee Regular Meeting Minutes

· Islands Trust Area · Meeting Documents · 2026

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Topics: Governance & budget — our classification, not the Trust's.

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DRAFT
 
Financial  Planning  Committee 
Minutes of  a Regular  Meeting 
May 27, 2026 DRAFT Page 1 of 5 
Financial  Planning  Committee 
Minutes of a Regular Meeting 
 
Date of Meeting:  
Location:  
May 27, 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) 
Tobi Elliott, Gabriola Island Local Trust Area, Executive Committee 
Judith Gedye,  Bowen Island Municipality, Governance Committee  
 Representative 
David Graham, Denman Island  Local Trust Area 
David Maude,  Mayne  Island Local Trust Area, Executive Committee 
Laura Patrick, Salt Spring Island  Local Trust Area,  Executive Committee 
Tim Peterson, Lasqueti Island Local Trust Area, Executive Committee,  
 and Trust Programs Committee Representative 
Susan Yates, Gabriola  Island Local Trust Area, Islands Trust Conservancy  
 Board Representative 
 
Staff Present: 
Rueben Bronee, Chief Administrative  Officer 
Derek Cockburn, Director, Financial and Employee Services 
Stefan Cermak, Director, Planning Services 
Nancy Roggers, Finance Officer 
Robert Barlow, Legislative  Services Clerk/Recorder 
 
 
Others Present: 
No member of the public was present. 
 
1. CALL TO ORDER 
 
Chair Fast called the meeting to order at 10:47 a.m. and acknowledged that participants in 
the meeting were on many Coast Salish territories.  
 
2. AGENDA 
 
2.1 Review of the Agenda 
 
The Annual  Audit  Committee forwarded to the Financial Planning Committee (FPC), 
as an expected late item, the Islands Trust audited financial statements and 
accompanying audit report for agenda item 7.1, upon adjournment of their meeting 
on May  27, 2026, immediately prior to the Financial Planning Committee meeting. 
 
2.2 Approval of the Agenda 
 
By general consent the Committee approved the agenda as amended. 
 
3. PUBLIC COMMENT PERIOD 
 
No member of the public was present. 
 

DRAFT
 
Financial  Planning  Committee 
Minutes of  a Regular  Meeting 
May 27, 2026 DRAFT Page 2 of 5 
4. DELEGATIONS 
 
None. 
 
5. CORRESPONDENCE 
 
None. 
 
6. ADMINISTRATIVE COORDINATION 
 
6.1 Minutes of Previous Meetings 
 
6.1.1 Financial Planning Committee Draft Minutes of February 18, 2026  
 
By general consent the Committee approved the minutes as presented. 
 
6.2 Resolutions Without Meeting 
 
None. 
 
6.3 Follow up Action List 
 
No discussion 
 
7. BUSINESS - WORK PROGRAM ITEMS 
 
7.1 March 31, 2026 Islands Trust Audited Financial Statements and Audit Report 
 
The audited  financial statements and accompanying audit report were received for 
information from the Annual Audit  Committee upon adjournment of their meeting on 
May  27, 2026.  
 
Director Cockburn noted that the auditors provided  a clean audit report with no 
errors and that the Audited  Financial Statements and the Audit Report will be 
presented for approval at the June Trust Council meeting. 
 
Commi

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