Financial Planning Committee Regular Meeting Minutes

Extracted text (beginning)

ADOPTED 
Financial Planning Committee 
Minutes of a Regular Meeting 
February 21, 2024 ADOPTED Page 1 of 7 
 
Financial Planning Committee 
Minutes of a Regular Meeting 
 
Date of Meeting:  
Location:  
February 21, 2024 
Electronic Meeting 
 
Members Present:  
 
Joe Bernardo, Local Trustee (Chair) 
Mairead Boland, Local Trustee (Vice Chair) 
Tobi Elliott, Executive Committee Representative 
Kristina Evans, Trust Programs Committee Representative 
David Graham, Local Trustee 
Jamie Harris, Governance Committee Representative 
Peter Luckham, Executive Committee Representative 
David Maude, Executive Committee Representative 
Laura Patrick, Regional Planning Committee Representative 
Tim Peterson, Executive Committee Representative 
Susan Yates, Islands Trust Conservancy Board Representative 
 
Staff Present: 
 
Russ Hotsenpiller, Chief Administrative Officer (CAO) 
Julia Mobbs, Director, Administrative Services 
David Marlor, Director, Legislative Services 
Stefan Cermak, Director, Planning Services 
Clare Frater, Director, Trust Programs 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 Bernardo called the meeting to order at 10:32 a.m. and acknowledged the privilege to 
work and live in lands and waters that have been the traditional home of indigenous peoples 
since time immemorial. 
 
2. AGENDA 
 
2.1 Review of the Agenda 
 
No additions to the agenda were presented for consideration. 
 
2.2 Approval of the Agenda 
 
By general consent the Committee approved the agenda as amended. 
 
3. PUBLIC COMMENT PERIOD 

ADOPTED 
Financial Planning Committee 
Minutes of a Regular Meeting 
February 21, 2024 ADOPTED Page 2 of 7 
 
One member of the public was present but did not express a wish to speak to the Committee. 
 
4. DELEGATIONS 
 
None. 
 
5. CORRESPONDENCE 
 
None. 
 
6. ADMINISTRATIVE COORDINATION 
 
6.1 Draft Minutes of Previous Meetings 
 
6.1.1 Financial Planning Committee Regular Meeting draft minutes of January 24, 
2024 
 
By general consent the Committee approved the minutes as presented. 
 
6.1.2 Financial Planning Committee Special Meeting draft minutes of February 1, 2024 
 
By general consent the Committee approved the minutes as presented. 
 
6.2 Resolutions Without Meeting 
 
None. 
 
6.3 Follow up Action List 
 
The Follow-up Action List was presented for information.  
 
7. BUSINESS - WORK PROGRAM ITEMS 
 
7.1 FPC Draft Budget Guidelines - Briefing  
 
Director Mobbs presented the Briefing and provided comments on FPC’s draft potential 
guidelines. Committee discussion included: 
 separating guidelines on planned spending from guidelines on tax increases to 
acknowledge these are related but distinct topics 
 whether or not the draft guidelines could be applied to the current budget 
 how the draft guidelines relate to Budget Assumptions and Principles 
 how the draft guidelines relate to the C

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