Finance and Council Controlled Organisations Committee

UNCONFIRMED MINUTES

 

Unconfirmed 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.

 

 

 

 

 

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

CHAIRPERSON