Financial Planning Committee Regular Meeting Minutes

· Islands Trust Area · Meeting Documents · 2025

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7,422 characters of machine-extracted text. Extraction is automatic and can be wrong; the original governs.

Topics: First Nations & reconciliation · Governance & budget — our classification, not the Trust's.

Extracted text (beginning)

ADOPTED 
Financial Planning Committee 
Minutes of a Regular Meeting 
May 28, 2025 ADOPTED Page 1 of 5 
Financial Planning Committee 
Minutes of a Regular Meeting 
 
Date of Meeting:  
Location:  
May 28, 2025 
Electronic Meeting 
 
Members Present:  
 
Sue Ellen Fast, Bowen Island Municipality (Chair) 
Mairead Boland, Saturna Island Local Trust Area (Vice Chair) and  
 Regional Planning Committee Representative 
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 
Julia Mobbs, Director, Financial and Employee Services 
Stefan Cermak, Director, Planning Services 
Nancy Roggers, Finance Officer 
Robert Barlow, Legislative Services Clerk/Recorder 
  
1. CALL TO ORDER 
 
Chair Fast called the meeting to order at 10:53 a.m. and acknowledged that participants in 
the meeting were on Coast Salish territories.  
 
2. AGENDA 
 
2.1 Review of the Agenda 
 
The Annual Audit Committee will forward 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 28, 2025. A verbal report will be provided at agenda item 7.1. 
 
2.2 Approval of the Agenda 
 
By general consent the Committee approved the agenda as presented. 
 
3. PUBLIC COMMENT PERIOD 
 
No member of the public was present. 

ADOPTED 
Financial Planning Committee 
Minutes of a Regular Meeting 
May 28, 2025 ADOPTED 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 19, 2025 
 
By general consent the Committee approved the minutes as presented. 
 
6.1.2 Financial Planning Committee Draft Minutes of March 5, 2025 
 
By general consent the Committee approved the minutes as presented. 
 
6.2 Resolutions Without Meeting 
 
None. 
 
6.3 Follow up Action List (FUAL) 
 
Director Mobbs reviewed the FUAL, noting that the review of the Reserves and 
Surplus Policy is expected to occur by September of 2025. 
 
7. BUSINESS - WORK PROGRAM ITEMS 
 
7.1 March 31, 2025 Islands Trust Audited Financial Statements and Audit Report 
 
Director Mobbs referenced the Islands Trust audited financial statements and 
accompanying audit report that will be forwarded from the Annual Audit 
Committee.  Committee discussion included: 
• acknowledgement of clean audit report with no errors 

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