Financial Planning Committee Regular Meeting Agenda

Extracted text (beginning)

Financial Planning Committee
Revised Agenda
 

Date:Wednesday, June 1, 2022
Time:10:30 am - 3:30 pm
Location:Electronic meeting, Public venue
Islands Trust
200-1627 Fort Street
Victoria, BC V8R 1H8
Pages
1.CALL TO ORDER
2.AGENDA
2.1.New Items and Re-Ordering of the Agenda
2.1.1.7.1: Islands Trust Audited Financial Statements and Audit Report
3 - 46
Provided at start of meeting from the Audit Committee (sub-committee of
the Financial Planning Committee)
2.2.Approval of Agenda
3.PUBLIC COMMENT PERIOD
4.DELEGATIONS
None
5.CORRESPONDENCE
5.1.March 4, 2022 - Rex and Christiane Brown
47 - 49
6.ADMINISTRATIVE COORDINATION
6.1.Draft Minutes of Previous Meetings
6.1.1.Financial Planning Committee Minutes of February 16, 2022
50 - 57
For review and approval
6.2.Resolutions Without Meeting
None
6.3.Follow up Action List
58 - 60
For review

7.BUSINESS - WORK PROGRAM ITEMS
7.1.March 31, 2022 Audited Financial Statements - BRF
61 - 61
The audited financial statements and the audit report are to be received for
information from Audit Committee upon adjournment of their meeting on June 1,
2022. 
7.2.2021/22 Financial Results - Briefing
62 - 70
7.3.March 31, 2022 Allocated Financial Statements - Briefing
71 - 74
8.BUSINESS - OTHER
8.1.2021/22 Annual Report: Approval of FPC Section - RFD
75 - 78
That Financial Planning Committee approve the attached text for inclusion in the
2021/22 Annual Report for approval by Trust Council and submission to the Minister
of Municipal Affairs.
8.2.Review of Budget Consultation Timing - BRF
79 - 82
8.3.FPC Chair letter to the post-election FPC - verbal update
9.BUSINESS - NEW
10.WORK PROGRAM - RFD
83 - 85
For review and referral to Trust Council before each quarterly TC meeting
That Financial Planning Committee approve the proposed top priorities report as presented,
and forward it to Trust Council.    
11.NEXT MEETING
Wednesday, August 31, 2022 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 not attend the meeting.
13.RISE AND REPORT
If desired
14.ADJOURNMENT
*Approximate time is provided for the convenience of the public only and is subject to change
without notice.
2

 
 
 
 
 
 
 
 
 
 
 
 
Financial Statements of 
 
ISLANDS TRUST 
 
 
Year ended March 31, 2022 
 
 
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DRAFT - May 25, 2022 
ISLANDS TRUST 
Financial Statements 
 
Year ended March 31, 2022 
 
 
Financial Statements 
 Management's Responsibility for the Financial Statements 1 
 Independent Auditors' Report 2 
 Statement of Financial Position 4 
 Statement of Operations 5 
 Statement of Change in Net Financial Assets 6 
 Statement of Cash Flows 7 
 Notes to Financial Statements 8 
 
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DRAFT - May 25, 2022 
1 
 
 
 
 
 
 
 
MANAGEMENT'S RESPONSIBILITY FOR THE FINANCIAL STATEMENTS 
The  accompanying  financial  statements  of  

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