City of Port Moody
Finance Committee
Agenda

Meeting #:
Date:	Tuesday, January 07, 2020
Time:	5:00 P.m. - 6:55 P.m.
Location:	Council Chambers 100 Newport Drive, Port Moody

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1.

Call to Order

2.

Adoption of Minutes

2.1

Minutes

• Recommendation(s):

  
  THAT the minutes of the Regular Finance Committee meeting held on Tuesday, December 3, 2019 be adopted.

3.

Unfinished Business

4.

New Business

4.1

Draft 2020-2024 Financial Plan - Capital Budget (Update I)

Report: Finance and Technology Department - Financial Services Division, dated December 13, 2019

• Recommendation(s):

  
  THAT PK20051 – Urban Forest Management Strategy remain a 2021 project as recommended in the report dated December 13, 2019 from the Finance and Technology Department – Financial Services Division regarding the 2020-2024 Financial Plan – Capital Budget Update;

  AND THAT the $35,000 for the implementation of a trial traffic pattern change on Brew Street be funded from the Asset Reserve – Transportation Envelope;

  AND THAT a 2020 project be established to implement commercial loading zones in Suter Brook Village with a budget of $2,000 funded from the Asset Reserve – Transportation Envelope;

  AND THAT a 2020 project be established to evaluate existing streetlight levels within Suter Brook Village with a budget of $5,000 funded from the Asset Reserve – Transportation Envelope.

   

4.2

Draft 2020-2024 Five-Year Financial Plan - Public Consultation

Memo: Finance and Technology Department – Financial Services Division, dated December 20, 2019

• Recommendation(s):

  
  THAT a draft proposed budget increase of $1,607,000 (estimated as a tax rate increase of 3.70%) be used for the Public Budget Consultation on
  February 4, 2019 as recommended in the memo dated December 20, 2019 from the Finance and Technology Department – Financial Services Division regarding Draft 2020-2024 Five-Year Financial Plan – Public Consultation.

4.3

Draft 2020-2024 Five-Year Financial Plan - Department Summaries

Departmental Presentations: City Administration, Finance and Technology, Community Services, Planning and Development, Environment and Parks,
Fire and Rescue Services

Memo: Finance and Technology Department - Financial Services Division, dated December 20, 2019

5.

Information

6.

Adjournment