Islands Trust Conservancy Regular Meeting Minutes

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Islands Trust Conservancy Regular Meeting ADOPTED 
May 26, 2020  Page 1 
 
Islands Trust Conservancy 
Minutes of Regular Meeting 
 
Date: 
Time: 
Location: 
Tuesday, May 26, 2020 
10:00 a.m. 
Electronic Zoom Meeting  
 
Board Members Present: Kate-Louise Stamford, Chair  
Sue Ellen Fast, Vice Chair  
Linda Adams  
Donald Clarke  
Doug Fenton  
Susan Hannon  
   
Staff Present: Kate Emmings, Islands Trust Conservancy (ITC) Acting Manager 
Julia Mobbs, Administrative Services Director 
 
Carla Funk, Acting Communications and Fundraising Specialist   
Jemma Green, Covenant Management and Outreach Specialist   
Kathryn Martell, Acting Ecosystems Protection Specialist  
Nuala Murphy, Property Management Specialist   
Sheree Rialp, Recorder  
   
Guests Present: Sarah Burden, Senior Manager, KPMG Enterprise 
Lenora M. Lee, Audit Partner, KPMG Enterprise 
 
 
1. CALL TO ORDER 
 
Chair Stamford called the meeting to order at 10:00 a.m.   
 
2. APPROVAL OF AGENDA  
 
By general consent, the Islands Trust Conservancy Board approved the agenda as 
presented. 
 
3. CLOSED MEETING 
ITC-2020-006 
It was MOVED and SECONDED, 
that the meeting be closed to the public in accordance with the Community 
Charter, Part 4, Division 3, section 90 (1) (e) the acquisition, disposition or 
expropriation of land or improvements, if the board considers that disclosure 
could reasonably be expected to harm the interests of the Islands Trust 
Conservancy; (k) negotiations and related discussions respecting the proposed 
provision of a service that are at their preliminary stages and that, in the view of 
the Board, could reasonably be expected to harm the interests of the 
Islands Trust Conservancy if they were held in public; and that staff be invited to 
remain in the meeting. 
CARRIED 
 

 
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Islands Trust Conservancy Regular Meeting ADOPTED 
May 26, 2020  Page 2 
 
The Islands Trust Conservancy Board convened the closed portion of the meeting at 10:05 a.m. 
and resumed in open meeting at 11:19 a.m. to Rise and Report. The Chair acknowledged that 
the meeting was being held in Coast Salish First Nations territory  
 
4. RISE AND REPORT 
 
The Islands Trust Conservancy Board reported on the following item: 
 
 that the Islands Trust Conservancy rise and report that it has approved an Opportunity Fund 
Grant of $5,000 to be awarded to the Denman Conservancy Association. 
 
5. AUDIT REPORT APPROVAL 
 
A/Manager Emmings gave a background introduction and the process involved in the audit of 
ITC’s financial statements. 
 
Lenora Lee presented the highlights in the Financial Statements for 2019-2020, noting that its 
status is complete and without any matters of significance that are outstanding. 
 
Ms. Lee reviewed the Financial Statements and related Notes to Financial Statements. New this 
year, note 1(f) was added 

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