Finance and Council Controlled Organisations Committee

MINUTES

 

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 20 November 2018, commencing at 2.30 pm

 

PRESENT

 

Chairperson

Cr Mike Lord

 

Deputy Chairperson

Cr Doug Hall

 

Members

Cr David Benson-Pope

Mayor Dave Cull

 

Cr Rachel Elder

Cr Christine Garey

 

Cr Aaron Hawkins

Cr Marie Laufiso

 

Cr Damian Newell

Cr Jim O'Malley

 

Cr Chris Staynes

Cr Conrad Stedman

 

Cr Lee Vandervis

Cr Andrew Whiley

 

Cr Kate Wilson

 

 

 

IN ATTENDANCE

Sue Bidrose (Chief Executive Officer), Dave Tombs (General Manager Finance and Commercial), Gavin Logie (Financial Controller), and Laurie Warwood (Financial Analyst)

 

Governance Support Officer       Jennifer Lapham

 

 

1       Public Forum

There was no Public Forum.   

 

2       Apologies

There were no apologies.

 

3       Confirmation of agenda

 

 

Moved (Cr Mike Lord/Cr Kate Wilson):

That the Committee:

 

Confirms the agenda with the following alteration

 

In regard to Standing Order 21.1, Options C be adopted in relation to moving and seconding and speaking to amendments.

 

Motion carried (FCCO/2018/021)

 

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/2018/022)

Part A Reports

5       Financial Result - Period Ended 30 September 2018

 

In a report from Finance the financial results for the period ended 30 September 2018 and the financial position as at that date were provided.

 

Moved (Cr Kate Wilson/Cr Damian Newell):

That the Committee:

 

a)     Notes the Financial Performance for the period ended 30 September 2018 and the Financial Position as at 30 September 2018.

Motion carried (FCCO/2018/023)

 

6       Dunedin City Holdings Limited Parent Financials - Year Ended 30 June 2018

 

In a report the General Manager Finance and Commercial provided the financial results for the year ended 30 June 2018 and the financial position as at that date for the Dunedin City Holdings Limited parent company.

 

Moved (Cr David Benson-Pope/Cr Andrew Whiley):

That the Committee:

 

a)     Notes the Financial Performance for the year ended 30 June 2018 and the Financial Position as at 30 June 2018 for Dunedin City Holdings Limited Parent Company.

Motion carried (FCCO/2018/024)

 

7       Waipori Fund - Quarter Ending September 2018

 

In a report the Treasury Manager provided information on the results of the Waipori Fund for the quarter ending 30 September 2018.

 

Moved (Cr Doug Hall/Cr Chris Staynes):

That the Committee:

 

a)     Notes the report from Dunedin City Treasury Limited on the Waipori Fund for the quarter ending 30 September 2018.

Motion carried (FCCO/2018/025)

 

8       Items for Consideration by the Chair

 

 

 

 

There were no items notified.

 

 

 

 

 

 

 

The meeting concluded at 2.45 pm. .

 

 

 

 

 

 

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C H A I R P E R S O N