City of Port Moody
Finance Committee
Agenda

Friday, October 25, 2024

9:00 A.m. - 4:00 P.m.

Brovold Room

3rd Floor, 100 Newport Drive, Port Moody

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1.

Call to Order

As capacity in the Brovold Room is limited, members of the public may access the meeting by watching the livestream at portmoody.ca/watchlive, joining the webinar at portmoody.ca/councilmeetings, or viewing the meeting livestream in person 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 25, 2024, Finance Committee meeting be adopted as circulated.

3.

Unfinished Business

3.1

2025-2029 Draft Five-Year Financial Plan

Presentation: Financial Services Division and Department Heads

Report: Finance and Technology Department – Financial Services Division

• Recommendation(s):

  
  THAT the report dated October 18, 2024, from the Finance and Technology Department – Financial Services Division regarding 2025-2029 Draft Five Year Financial Plan be received for information;

  AND THAT a draft budget increase of $_________ (including estimated growth factor) be used in further budget deliberations including the 2025 Budget Consultation.

  AND THAT the proposed 2025 fees for the Water, Sewer, and Solid Waste Utilities be included in the 2025 Fees Bylaw with revised Metro Vancouver charges incorporated once available.

4.

New Business

4.1

Port Moody Police Board 2025-2029 Financial Plan

Presentation: Port Moody Police Board

Memo: Port Moody Police Board

• Recommendation(s):

  
  THAT the memo dated September 25, 2024, from the Port Moody Police Board regarding Port Moody Police Board 2025-2029 Financial Plan be received for information.

4.2

Library Board 2025-2029 Financial Plan

Presentation: Library Board 

• Recommendation(s):

  
  THAT the presentation from the Library Board regarding Library Board
  2025-2029 Financial Plan be received for information.

5.

Recess

Should items arise during the Special Finance Committee meeting that need to be discussed in a Closed meeting, the meeting will recess into a Special Closed Finance Committee meeting at this point to consider those items.

5.1

Resolution to Exclude the Public

• Recommendation(s):

  
  THAT, pursuant to section 90 of the Community Charter, this portion of the Finance Committee meeting be closed to the public as the subject matters being considered relate to the following:

  • 90(1)(c) – labour relations or other employee relations;
  • 90(1)(k) – negotiations and related discussions respecting the proposed provision of a municipal service that are at their preliminary stages and that, in the view of the council, could reasonably be expected to harm the interests of the municipality if they were held in public; and
  • 90(1)(l) – discussions with municipal officers and employees respecting municipal objectives, measures, and progress reports for the purposes of preparing an annual report under section 98 [annual municipal report].

6.

Rise and Report

6.1

Referral of Finance Committee Resolutions

• Recommendation(s):

  
  THAT the recommendations approved at the Finance Committee meeting of October 25, 2024, be referred to the Council Standing Committee meeting of October 25, 2024, for ratification.

7.

Adjournment