Finance and Council Controlled Organisations Committee

CONFIRMED MINUTES

confirmed minutes of an ordinary meeting of the Finance and Council Controlled Organisations Committee held in the Edinburgh Room, Municipal Chambers, The Octagon, Dunedin on Tuesday 21 November 2017, commencing at 1.35pm

PRESENT

Chairperson	Cr Mike Lord
Deputy Chairperson	Cr Doug Hall
Members	Cr David Benson-Pope	Cr Rachel Elder
	Cr Christine Garey	Cr Aaron Hawkins
	Cr Marie Laufiso	Cr Damian Newell
	Cr Jim O'Malley	Cr Chris Staynes
	Cr Lee Vandervis	Cr Andrew Whiley
	Cr Kate Wilson

IN ATTENDANCE

Sue Bidrose (Chief Executive Officer), Gavin Logie (Acting Chief Financial Officer) and Kristy Rusher (Manager Civic and Legal)

Governance Support Officer       Rebecca Murray

1       Public Forum

There was no Public Forum.   

2       Apologies
	Moved (Cr Mike Lord/Cr Doug Hall): That the Committee: Accepts the apologies from Mayor Dave Cull and Cr Conrad Stedman. Motion carried (FCCO/2017/030)

3       Confirmation of agenda
	Moved (Cr Mike Lord/Cr Doug Hall): That the Committee: Confirms the agenda the following alteration: a)    In regard to Standing Order 21.1, Option C be adopted in relation to moving        and seconding and speaking to amendments. Motion carried (FCCO/2017/031)

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.

Moved (Cr Mike Lord/Cr Doug Hall):

That the Committee:

a)     Notes the Elected Members' Interest Register; and

b)     Confirms the proposed management plan for Elected Members' Interests.

Motion carried (FCCO/2017/032)

On behalf of the Committee, Cr Mike Lord passed on sincere condolences to Cr Lee Vandervis on the recent death of his mother.

Part A Reports

5       Waipori Fund - Quarter Ending September 2017
	A report from Dunedin City Treasury Limited provided information on the results of the Waipori Fund for the quarter ending 30 September 2017.
	The Acting Chief Financial Officer spoke to the report and responded to questions.
	Moved (Cr Chris Staynes/Cr Andrew Whiley): That the Committee: a)     Notes the report from Dunedin City Treasury Limited on the Waipori Fund for the quarter ending 30 September 2017. Motion carried (FCCO/2017/033)

6       Financial Result - Period Ended 30 September 2017
	A report from Finance provided financial results for period ended 30 September 2017 and the financial position as at that date.
	The Acting Chief Financial Officer spoke to the report and responded to questions.
	Moved (Cr Mike Lord/Cr Kate Wilson): That the Committee: a)     Notes the Financial Performance for the period ended 30 September 2017 and the Financial Position as at 30 September 2017. Motion carried (FCCO/2017/034)

7       Dunedin City Holdings Limited Parent Financials - Year Ended 30 June 2017
	A report from Finance provided the financial results for the year ended 30 June 2017 and the financial position as at that date for the Dunedin City Holdings Limited parent company.
	The Acting Chief Financial Officer spoke to the report and responded to questions.
	Moved (Cr Andrew Whiley/Cr Kate Wilson): That the Committee: a)     Notes the Financial Performance for the year ended 30 June 2017 and the Financial Position as at 30 June 2017 for Dunedin City Holdings Limited Parent. Motion carried (FCCO/2017/035)

8       Items for Consideration by the Chair
	There were no items notified.

The meeting concluded at 1.53pm.

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CHAIRPERSON