Financial Planning Committee Meeting Minutes

· Islands Trust Area · Meeting Documents · 2013

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

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Final Financial Planning Committee Minutes November 13, 2013 
 
1 
 
Financial Planning Committee 
Minutes of Meeting 
 
Date: 
Location: 
Wednesday, November 13, 2013 
Islands Trust Victoria Boardroom 
200-1627 Fort Street, Victoria, BC 
 
Members Present Gary Steeves, Chair 
Peter Grove, Vice-Chair 
Paul Brent 
Sheila Malcolmson (by telephone) 
David Graham (by telephone) 
Ken Hancock 
Jeanine Dodds 
Susan Morrison 
Louise Decario 
Peter Luckham 
 
Staff Present Cindy Shelest, Director Administrative Services 
Jas Chonk, Recorder 
Linda Adams, Chief Administrative Officer 
David Marlor, Director of Local Planning Services 
Lisa Gordon, Director of Trust Area Services 
 
1. CALL TO ORDER 
 
The meeting was called to order at 10:05 am. 
 
2. APPROVAL OF AGENDA 
 
By general consent, the Committee approved the agenda as presented. 
 
3. MINUTES / COORDINATION 
 
3.1. Minutes of Meeting – October 30, 2013 
 
By general consent, the minutes of October 30, 2013 were adopted as presented. 
 
3.2. Follow up Action List 
 
Director Shelest provided an update on the Follow Up Action List items. 
 

 
Final Financial Planning Committee Minutes November 13, 2013 
 
2 
4. BUSINESS 
 
4.1. Strategic Plan  
 
Chief Administrative Officer Linda Adams reviewed the briefing on the Strategic 
Plan.  
 
4.2. 2014 Proposed FPC Meeting Dates Update 
 
Resolution FIN 963/13 
It was MOVED and SECONDED, 
that the Financial Planning Committee approve the Financial Planning 
Committee 2014 meeting schedule. 
CARRIED 
 
4.3. FPC Report to Trust Council 
 
Resolution FIN 964/13 
It was MOVED and SECONDED, 
that the Financial Planning Committee forward the report to Trust Council. 
CARRIED 
 
4.4. RFD Amendments to Policy 7.2.vi    Municipal Tax Requisition 
 
Resolution FIN 965/13 
It was MOVED and SECONDED, 
that the Financial Planning Committee forward the Request for Decision re 
Amendments to Policy 7.2.vi Municipal Tax Requisition to Trust Council as 
amended. 
CARRIED 
 
4.5. Revised briefing to Trust Council – 13/14 Forecast 
 
Resolution FIN 966/13 
It was MOVED and SECONDED, 
that the Financial Planning Committee forward the briefing on the 2013/14 
Forecast to Trust Council.  
CARRIED 
  

 
Final Financial Planning Committee Minutes November 13, 2013 
 
3 
5. 2014/15 BUDGET 
 
5.1. Budget Overview 
 
Resolution FIN 967/13 
It was MOVED and SECONDED, 
that the Financial Planning Committee target   no increase in property taxes 
in 2014-15 fiscal and maintain 1.8 million surplus target. 
CARRIED 
Trustees Decario, Malcolmson and Graham – Opposed 
 
5.3. Detail 2014/15 Budget 
 
Trustee Grove left the meeting 11:05 am 
 
Trustee Grove returned to the meeting at 11:07 am. 
 
Trustee Dodds left the meeting 11:11 am. 
 
Trustee Dodds returned to the meeting at 11:15 am. 
 
Resolution FIN 968/13 
It was MOVED and SECONDED, 
that the Financial Planning Committee change line 54000 from $6,000 
committee expense to $4,000. 
CARRIED 
Trustees Hancock, Steeves, and Morrison

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