City of Port Moody
Finance Committee
Agenda

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Electronic Webinar via Zoom

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


There are several standing committee meetings scheduled and they will be held in the following order:

  • Finance Committee
  • Strategic Priorities Committee
  • Governance and Legislation Committee

For ease of reference, please visit Special Council Standing Committee Agenda.

The City of Port Moody carries out our business on the ancestral and unceded homelands of the kʷikʷəƛ̓əm (Kwikwetlem), səlilwətaɬ (Tsleil-Waututh),
xʷməθkʷəy̓əm (Musqueam), Sḵwx̱wú7mesh (Squamish), q̓ic̓əy̓ (Katzie),
qʼʷa:n̓ ƛʼən̓ (Kwantlen), qiqéyt (Qayqayt), and Stó:lō (Sto:lo) Peoples, and extends appreciation for the opportunity to work on this territory.

  • Recommendation(s):


    THAT the minutes of the Finance Committee meeting held on April 18, 2023, be adopted.

Memo: Finance and Technology Department – Financial Services Division, dated April 26, 2023

  • Recommendation(s):


    THAT the memo dated April 26, 2023, from the Finance and Technology Department – Financial Services Division regarding 2023 Grant Funding – First Quarter Update be received for information.

Memo: Engineering and Operations Department – Project Delivery Services Division, dated April 14, 2023

  • Recommendation(s):


    THAT the project budget for the Recreation Complex Chiller Replacement Project (FC20232) be increased to $1,085,742 as recommended in the report dated April 14, 2023, from the Engineering and Operations Department – Project Delivery Services Division regarding Recreation Complex Chiller Replacement – Adjustment of Budget to the COVID-19 Resilience Infrastructure Stream (CVRIS) Grant Amount.

Presentation: Financial Services Division


Report: Finance and Technology Department – Financial Services Division, dated May 1, 2023

  • Recommendation(s):


    THAT the report dated May 1, 2023, from the Finance and Technology Department – Financial Services Division regarding 2023 Capital Budget Follow Up be received for information;
    AND THAT the 2023 projects funded from the New Initiatives Reserve be approved;
    AND THAT the 2023 projects funded from the Growing Communities Reserve Fund be approved;
    AND THAT the balance of the Digital billboard signing bonus be transferred to the New Initiative Reserve;
    AND THAT CU23030, FC23240, and IS23007 be approved;
    AND THAT FC23218 – Works Yard Building Envelope Replacement be approved;
    AND THAT PK23075 – Kyle Park Redevelopment Plan be approved;
    AND THAT FC23242 – Recreation Complex - Skate Shop Renovation be approved;
    AND THAT FC23217 – Recreation Complex - Arena 1 Dressing Rooms be approved;
    AND THAT a capital project be established for the purchase of a suitable combination of equipment for clearing snow from pedestrian areas with a budget of $150,000 funded from the Growing Communities Reserve Fund;
    AND THAT a capital project be established for the purchase and installation of a brine making facility, including site preparation, and application equipment with a budget of $300,000 funded from the Growing Communities Reserve Fund.

Presentation: Financial Services Division


Report: Finance and Technology Department – Financial Services Division, dated May 1, 2023

  • Recommendation(s):


    THAT 2024-2028 Financial Plan Guidelines be approved as recommended in the report dated May 1, 2023, from the Finance and Technology Department – Financial Services Division regarding the 2024-2028 Financial Plan Guidelines.

  • Recommendation(s):


    THAT the recommendations approved at the Finance Committee meeting of May 16, 2023, be referred to the Special Council Standing Committee meeting of May 16, 2023, for ratification.