City of Port Moody
Finance Committee
Agenda

Tuesday, October 15, 2024

6:00 P.m. - 7:00 P.m.

Electronic Webinar via Zoom

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1.

Call to Order

You can watch the livestream of this meeting at portmoody.ca/watchlive, join the webinar at portmoody.ca/councilmeetings, or view the meeting in the Parkview Room, 2nd Floor, City Hall, 100 Newport Drive, Port Moody.

2.

Adoption of the Agenda

2.1

Agenda

• Recommendation(s):

  
  THAT the agenda of the October 15, 2024, Finance Committee meeting be adopted as circulated.

3.

Adoption of Minutes

3.1

Minutes

• Recommendation(s):

  
  THAT the minutes of the Finance Committee meeting of July 16, 2024, be adopted.

4.

New Business

4.1

Westhill Childcare Facility – Request for Allocation of Additional Childcare BC New Spaces Fund as Additional Funding

Report: Engineering and Operations Department – Project Delivery Services Division

• Recommendation(s):

  
  THAT a maximum of $326,824 from the additional awarded Childcare BC New Spaces Fund be allocated to complete required work on the Westhill Childcare Facility project as recommended in the report dated October 15, 2024, from the Engineering and Operations Department – Project Delivery Services Division regarding Westhill Childcare Facility – Request for Allocation of Additional Childcare BC New Spaces Fund as Additional Funding.

4.2

Facilities Accessibility Improvements – Request for Allocation of RHF BC Accessibility Grant as Additional Funding

Report: Engineering and Operations Department – Project Delivery Services Division

• Recommendation(s):

  
  THAT a maximum of $83,000 from the awarded Rick Hansen Foundation BC Accessibility Grant be allocated to complete required work on the Facilities Accessibility Improvements project as recommended in the report dated October 15, 2024, from the Engineering and Operations Department – Project Delivery Services Division regarding Facilities Accessibility Improvements – Request for Allocation of RHF BC Accessibility Grant as Additional Funding.

4.3

Rocky Point Pool Boiler Replacement – Request for Additional Capital Budget

Report: Engineering and Operations Department – Project Delivery Services Division

• Recommendation(s):

  
  THAT a maximum of $135,000 from the Climate Action Implementation Reserve be allocated to complete required work on the Rocky Point Pool Boiler Replacement project as recommended in the report dated October 15, 2024, from the Engineering and Operations Department – Project Delivery Services Division regarding Rocky Point Pool Boiler Replacement – Request for Additional Capital Budget;

  AND THAT the remaining budget of $123,682 from the Rocky Point Pool Pool Covers project be re-allocated to complete required work on the Rocky Point Pool Boiler Replacement.

4.4

2024 Financial Plan Forecast – 2nd Trimester Update

Presentation: Financial Services Division

Report: Finance and Technology Department – Financial Services Division

• Recommendation(s):

  
  THAT the report dated October 15, 2024, from the Finance and Technology Department – Financial Services Division regarding 2024 Financial Plan Forecast – 2^nd Trimester Update be received for information.

4.5

2025 Community Grants Program

Report: Finance and Technology Department – Financial Services Division

• Recommendation(s):

  
  THAT the funding for the Arts, Culture, and Heritage Grant Program increase from $10,000 to $20,000, funded from the Artwork Reserve, as recommended in the report dated October 15, 2024, from the Finance and Technology Department – Financial Services Division regarding 2025 Community Grants Program.

4.6

Westhill Playground – Request for Allocation of TSBC Grant as Additional Funding

Report: Engineering and Operations Department – Project Delivery Services Division

• Recommendation(s):

  
  THAT a maximum of $29,925 from the awarded Tire Stewardship BC’s (TSBC) Grant be allocated to complete required work on the Westhill Playground project as recommended in the report dated October 15, 2024, from the Engineering and Operations Department – Project Delivery Services Division regarding Westhill Playground – Request for Allocation of TSBC Grant as Additional Funding.

5.

Rise and Report

5.1

Referral of Finance Committee Resolutions

• Recommendation(s):

  
  THAT the recommendations approved at the Finance Committee meeting of October 15, 2024, be referred to the Council Standing Committee meeting of October 15, 2024, for ratification.

6.

Adjournment