Finance and Council Controlled Organisations Committee
MINUTES
Minutes of an ordinary meeting of the Finance and Council Controlled Organisations Committee held in the Council Chamber, Level 2, Dunedin Public Art Gallery, The Octagon, Dunedin on Tuesday 15 August 2023, commencing at 1:05pm
PRESENT
|
Chairperson |
Cr Lee Vandervis |
|
|
Deputy Chairperson |
Cr Cherry Lucas |
|
|
Members |
Cr Bill Acklin |
Cr Sophie Barker |
|
|
Cr Kevin Gilbert |
Cr Carmen Houlahan |
|
|
Cr Mandy Mayhem |
Cr Jim O'Malley |
|
|
Mayor Jules Radich |
Cr Brent Weatherall |
|
|
Cr Andrew Whiley |
|
|
IN ATTENDANCE |
Robert West (Acting Chief Executive Officer), Simon Drew (General Manager Infrastructure and Development), Gavin Logie (Chief Financial Officer), Carolyn Allan (Senior Management Accountant), Richard Davey (Treasurer DCTL) and Clare Sullivan (Principal Committee Advisor) |
Governance Support Officer Rebecca Murray
Moved (Cr Lee Vandervis/Cr Cherry Lucas):
That the Committee:
Adjourns the meeting until the conclusion of the Infrastructure Services Committee meeting.
Motion carried
The meeting was adjourned at 1.05 pm and reconvened at 2.12 pm.
There was no Public Forum.
|
Apologies were received from Cr Steve Walker, Cr Marie Laufiso, Cr David Benson-Pope and Cr Christine Garey. |
|
|
|
Moved (Cr Lee Vandervis/Cr Cherry Lucas): That the Committee:
Accepts the apologies from Cr Steve Walker, Cr Marie Laufiso, Cr David Benson-Pope and Cr Christine Garey.
Motion carried (FCCO/2023/026) |
|
|
Moved (Cr Lee Vandervis/Cr Cherry Lucas): That the Committee:
Confirms the agenda without addition or alteration.
Motion carried (FCCO/2023/027) |
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 Lee Vandervis/Cr Cherry Lucas): That the Committee:
a) Notes the Elected Members' Interest Register; and b) Confirms the proposed management plan for Elected Members' Interests.
Motion carried (FCCO/2023/028) |
|
5.1 Finance and Council Controlled Organisations Committee meeting - 20 June 2023 |
|
|
|
Moved (Cr Cherry Lucas/Mayor Jules Radich): That the Committee:
Confirms the minutes of the Finance and Council Controlled Organisations Committee meeting held on 20 June 2023 as a correct record. Motion carried (FCCO/2023/029) |
|
6 Finance and Council Controlled Organisations Committee - Forward Work Programme |
|
|
|
The report from Finance provided an update of the forward work programme on areas of activity, progress and expected timeframes.
|
|
|
Moved (Cr Lee Vandervis/Cr Cherry Lucas): That the Committee:
Notes the Finance and Council Controlled Organisations Committee forward work programme for August 2023. Motion carried (FCCO/2023/030) |
|
|
The report provided the financial results for the year ended 30 June 2023 and the financial position as at that date.
The Chief Financial Officer (Gavin Logie) spoke to the report and responded to questions.
|
|
|
Moved (Cr Lee Vandervis/Cr Mandy Mayhem): That the Committee:
a) Notes the Financial Performance for the year ended 30 June 2023 and the Financial Position as at that date. b) Notes that the year end result is subject to final adjustments and external audit by Audit New Zealand. Motion carried (FCCO/2023/031) |
|
|
The report from Dunedin City Treasury Limited provided information on the results of the Waipori Fund for the quarter ended 30 June 2023.
The Treasurer DCTL (Richard Davey) spoke to the report and responded to questions.
|
|
|
Moved (Cr Lee Vandervis/Cr Kevin Gilbert): That the Committee:
Notes the report from Dunedin City Treasury Limited on the Waipori Fund for the quarter ended 30 June 2023.
Motion carried (FCCO/2023/032) |
|
|
The Chair (Cr Lee Vandervis) and members thanked Gavin Logie for his contribution to Council.
|
The meeting concluded at 2.36 pm.
..............................................
CHAIRPERSON