Financial Planning Committee Meeting Agenda

· Islands Trust Area · Meeting Documents · 2018

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Financial Planning Committee
Agenda
 
 

Date:Tuesday, January 16, 2018
Time:10:00 am - 3:00 pm
Location:Islands Trust Victoria Boardroom
200-1627 Fort Street, Victoria, BC
Pages
1.
CALL TO ORDER
2.
APPROVAL OF AGENDA
2.1
Introduction of News Items
2.2
Approval of Agenda
3.
ADOPTION OF MINUTES / COORDINATION
3.1
Minutes of Meetings - November 15, 2017
2 - 6
3.2
Follow up Action List
7 - 8
4.
BUSINESS
4.1
Revised 2018/19 Proposed Budget
4.1.1
Briefing – Changes to the Budget
9 - 12
4.2
Briefing - Bowen Island Municipality's Contribution
13 - 13
4.3
Briefing - 2018/19 Budget Consultation
14 - 27
5.
NEW BUSINESS
6.
NEXT MEETING - February 21, 2018
7.
ADJOURNMENT
*Approximate time is provided for the convenience of the public only and is subject to change
without notice.

 
Financial Planning Committee Minutes of Meeting – Draft November 15, 2017  Page 1 
 
Financial Planning Committee 
Minutes of Regular Meeting 
 
Date: 
 
Location: 
November 15, 2017 
 
Islands Trust Victoria Boardroom 
200-1627 Fort Street, Victoria, BC 
 
Members Present Peter Grove, Chair 
Alison Morse, Vice-Chair 
Paul Brent, LPC Rep 
Peter Luckham, EC Rep 
Laura Busheikin, EC Rep (via phone) 
George Grams, EC Rep (via phone) 
Susan Morrison, EC Rep 
Brian Crumblehulme, TPC Rep 
Robin Williams, TFB Rep 
George Harris, Local Trustee 
 
Staff Present Cindy Shelest, Director Administrative Services 
Russ Hotsenpiller, Chief Administrative Officer 
David Marlor, Director Local Planning Services 
Clare Frater, Director Trust Area Services 
Nancy Roggers, Finance Officer and Recorder 
 
 
1. CALL TO ORDER 
 
The meeting was called to order at 10:02 a.m. 
 
2. APPROVAL OF AGENDA 
 
 By General Consent, the Committee approved the agenda as presented. 
 
3. ADOPTION OF MINUTES / COORDINATION 
 
3.1 Minutes of Meetings – October 18, 2017 
 
By General Consent, the minutes of October 18, 2017 were adopted as presented. 
 
3.2 Follow up Action List 
 
Director Shelest provided an update on each of the items in the follow up action list. 
 
  
2

 
Financial Planning Committee Minutes of Meeting – Draft November 15, 2017  Page 2 
4. TRUST COUNCIL BUSINESS 
 
4.1 2017/18 2
nd
 Quarter Results 
 
Chief Administrative Officer Hotsenpiller gave an update on the Victoria Office renovations. 
No specifics available yet. CAD drawings and designs are being worked on and additional 
information will come back as a business case in January, 2018.  
   
FPC-2017-031 
It was MOVED and SECONDED, 
that the Financial Planning Committee recommend that the September 30, 2017 quarterly 
financial report be forwarded to December Trust Council. 
          CARRIED 
 
4.2 2017-18 Forecast 
 
Director Shelest reviewed the forecast process and anticipated underspending. The 
forecasted transfer from surplus at March 31, 2018 is anticipated to be $354,550. 
 
FPC-2017-032 
It was MOVED and SECONDED, 
that the Financial Planning Committee forward the briefing on the 2017/18 Financial 
Forecast to December Trust Cou

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