Financial Planning Committee Meeting Minutes

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--- OCR PAGE 1: https://islandstrust.bc.ca/document/financial-planning-committee-meeting-minutes/ ---
Islands Trust
Financial Planning Committee
Minutes of a Regular Meeting
Date of Meeting: February 18, 2026
Location: Electronic Meeting

Members Present: 
Sue Ellen Fast, Bowen Island Municipality, (FPC Chair)
Mairead Boland, Saturna Island Local Trust Area, and Regional Planning Committee Representative, (FPC Vice Chair)
Tobi Elliott, Gabriola Island Local Trust Area, Executive Committee Representative
Judith Gedye, Bowen Island Municipality, Governance Committee Representative
David Graham, Denman Island Local Trust Area
David Maude, Mayne Island Local Trust Area, Executive Committee Representative
Laura Patrick, Salt Spring Island Local Trust Area, Executive Committee Representative
Tim Peterson, Lasqueti Island Local Trust Area, Executive Committee, and Trust Programs Committee Representative
Susan Yates, Gabriola Island Local Trust Area, Islands Trust Conservancy Board Representative

Staff Present:
Rueben Bronee, Chief Administrative Officer
Julia Mobbs, Director, Financial and Employee Services
Clare Frater, Director, Trust Area Services
Stefan Cermak, Director, Planning Services
David Marlor, Director, Legislative and Information Services
Nancy Roggers, Finance Officer
Robert Barlow, Legislative Services Clerk/Recorder

Others Present: 
One member of the public was present.

1. CALL TO ORDER
Chair Fast called the meeting to order at 10:30 a.m. and acknowledged that participants in the meeting were on many Coast Salish territories.

2. AGENDA
2.1 Review of the Agenda
No changes to the agenda were presented for consideration.
2.2 Approval of the Agenda
By general consent the Committee approved the agenda as presented.

3. PUBLIC COMMENT PERIOD
One member of the public was present but did not wish to speak.

Financial Planning Committee
Minutes of a Regular Meeting
February 18, 2026                                                  ADOPTED                                  Page 1 of 4

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4. DELEGATIONS
None.

5. CORRESPONDENCE
None.

6. ADMINISTRATIVE COORDINATION

6.1 Minutes of Previous Meetings

6.1.1 Financial Planning Committee Draft Minutes of January 21, 2026
By general consent the Committee approved the minutes as presented.

6.2 Resolutions Without Meeting
None.

6.3 Follow up Action List
Director Mobbs indicated that all items on the FUAL have been completed.
- the possibility of staff replicating the budget speaking notes for trustees in future years if trustees find it of value
- the dedicated webpage in regards to the budget is informative
- that budget webpage could include the date when the page is revised

7. BUSINESS - WORK PROGRAM ITEMS

7.1 December 31, 2025 Financial Report – Request For Decision
Director Mobbs spoke to the Report. Committee discussion included that recording of cost recovery can be challenging.

FPC-2026-10

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