Finance Committee

MINUTES

 

Confirmed minutes of an ordinary meeting of the Finance Committee held in the Edinburgh Room, Municipal Chambers, The Octagon, Dunedin on Monday 16 May 2016, commencing at 1.37 pm

 

PRESENT

 

Chairperson

Cr Richard Thomson

 

Deputy Chairperson

Cr Hilary Calvert

 

Members

Cr David Benson-Pope

Cr John Bezett

 

Mayor Dave Cull

Cr Doug Hall

 

Cr Aaron Hawkins

Cr Mike Lord

 

Cr Jinty MacTavish

Cr Andrew Noone

 

Cr Neville Peat

Cr Chris Staynes

 

Cr Andrew Whiley

Cr Kate Wilson

 

IN ATTENDANCE

Grant McKenzie (Group Chief Financial Officer), Gavin Logie (Financial Controller) and Lawrie Warwood (Financial Analyst)

 

Governance Support Officer      Pam Jordan

 

 

 

1       Public Forum

There was no Public Forum.   

 

2       Apologies

 

Moved (Chairperson Richard Thomson/Cr Aaron Hawkins):

 

That the Committee:

 

Accepts the apology from Cr Lee Vandervis.

 

Motion carried (FIN/2016/001)

 

3       Confirmation of agenda

 

 

Moved (Chairperson Richard Thomson/Cr Chris Staynes):

 

That the Committee:

 

Confirms the agenda without addition or alteration.

 

Motion carried (FIN/2016/002)

 

 

4       Declarations of interest

Members were reminded of the need to stand aside from decision-making when a conflict arose between their role as an elected representative and any private or other external interest they might have.

 

There were no new declarations of interest.

Part A Reports

5       Financial Result - Period Ended 31 March 2016

 

A report from the Financial Controller (Gavin Logie) provided the financial results for the period ended 31 March 2016 and the financial position as at that date.

 

 

Staff highlighted matters contained in the report and responded to questions from Councillors.

 

 

Moved (Chairperson Richard Thomson/Cr Chris Staynes):

 

That the Committee:

 

a)     Notes the financial performance for the period ended 31 March 2016 and the financial position as at 31 March 2016.

Motion carried (FIN/2016/003)

 

6       Waipori Fund - March 2016 Quarter

 

A report from the Treasury Manager (Richard Davey) provided an update on the results of the Waipori Fund for the March 2016 quarter.

 

 

Moved (Cr John Bezett/Cr Mike Lord):

 

That the Committee:

 

a)     Notes the report from Dunedin City Treasury Limited on the Waipori Fund for the March 2016 quarter.

Motion carried (FIN/2016/004)

 

7       Notification of Agenda Items for Consideration by the Chair

 

There were no items notified.

 

 

 

The meeting concluded at 1.53 pm.

 

 

 

 

 

..............................................

CHAIRPERSON