FINANCE COMMITTEE
AGENDA

-
Council Chambers, Brantford City Hall
58 Dalhousie Street, Brantford

This meeting will be held in a hybrid meeting format (virtual and in-person). To view the livestream of the meeting, visit: http://brantford.ca/VirtualCouncil. Register to attend in-person as a delegate by visiting: https://form.brantford.ca/Your-Government/Delegation-Request-Form. Register to appear virtually as a delegation by visiting: https://calendar.brantford.ca/meetings. Members of the public seeking to attend in person without participating are not required to register.

If technical difficulties arise out of the livestream and the livestream becomes unavailable; members of the public can observe the meeting by calling 1-855-703-8985 or 1-647-374-4685 and entering the Meeting ID: 986 3717 8903

Alternative formats and communication supports available upon request.  For more information, please contact the City of Brantford Municipal Accessibility Coordinator at (519) 759-4150 or by e-mail at [email protected].​

1.
ROLL CALL

 

2.
DECLARATIONS OF CONFLICTS OF INTEREST

 

3.
SEPARATION OF ITEMS FOR BUDGET REPORTS, ITEMS FOR CONSIDERATION AND CONSENT ITEMS FOR DISCUSSION PURPOSES

 

4.
DELEGATIONS/PRESENTATIONS

 

5.
BUDGET REPORTS/ ITEMS FOR CONSIDERATION/ CONSENT

 

5.1
BUDGET REPORTS

 

5.2
ITEMS FOR CONSIDERATION

 

5.2.1
2023 Variance Update to Include the Brantford Police Service [Financial Impact – $1.74 million deficit], 2023-674

This item has attachments. 
1.2023 Variance Report Update to Include the Brantford Police Service - 2023-674.pdf
2.Appendix A - BPS Operating Actual to Budget Report.pdf
    1. THAT report 2023-674 titled 2023 Variance Update to Include the Brantford Police Service BE RECEIVED; and
    2. THAT staff BE DIRECTED to earmark an additional $1.74 million from the Corporate Contingency Reserve (RF0554) in the event it is needed to address the forecasted deficit being projected by the Brantford Police Service for 2023.

5.2.2
Update on Capital Projects [Financial Impact – Net $4,400,407 returned to reserves], 2023-613

This item has attachments. 
1.Update on Capital Projects - 2023-613.pdf
2.Appendix A - 2023 Completed Projects as of September.pdf
3.Appendix B - Capital Projects closed with no spending.pdf
    1. THAT report 2023-613 entitled Update on Capital Projects BE RECEIVED; and
    2. THAT the capital project funding allocations included in Table-1 of Section 10 BE APPROVED.

5.2.3
Update to Finance Policies [Financial Impact – None], 2023-402

This item has attachments. 
1.Update to Finance Policies - 2023-402.pdf
2.Appendix A - Finance 004 - Investment Policy.pdf
3.Appendix B - Finance-006 Lease Financing Policy.pdf
4.Appendix C - Finance 007 - Commodity Price Hedging Policy.pdf
5.Appendix D - Finance 013 - Development Charges Interest Policy.pdf
    1. THAT report 2023-402, Update to Finance Policies, BE RECEIVED; and
    2. THAT the necessary by-law to amend by-law 70-2010, Being a Bylaw to adopt various policies of the City of Brantford and to create a Corporate Policy Manual BE PRESENTED to City council for adoption by repealing and replacing the following policies:
      1. Finance Policy 004 – Investment Policy;
      2. Finance Policy 006 – Lease Financing Policy;
      3. Finance Policy 007 – Commodity Price Hedging;
      4. Finance Policy 013 – Development Charge Interest Policy.

5.3
CONSENT ITEMS

 

6.
RESOLUTIONS

 

7.
NOTICES OF MOTION

 

8.
ADJOURNMENT

 
No Item Selected