The Corporation of the
CITY OF WHITE ROCK

Finance and Audit Committee
AGENDA

-
City Hall Council Chambers
15322 Buena Vista Avenue, White Rock, BC, V4B 1Y6

*Live Streaming/Telecast: Please note that all Committees, Task Forces, Council Meetings, and Public Hearings held in the Council Chamber are being recorded and broadcasted as well included on the City’s website at: www.whiterockcity.ca

T. Arthur, Director of Corporate Administration

1.
CALL TO ORDER 

 

Councillor Lawrence, Chairperson

2.
ADOPTION OF AGENDA

 
  • RECOMMENDATION

    THAT the Finance and Audit Committee adopt the agenda for
    March 27, 2023 as circulated.

3.
ADOPTION OF MINUTES

This item has attachments. 
1.Post-Meeting Minutes - Finance and Audit Committee Meeting_Mar13_2023 - English.pdf
  • RECOMMENDATION

    THAT the Finance and Audit Committee adopt the March 13, 2023 meeting minutes as presented.

4.
CITY OF WHITE ROCK 2023-2027 CONSOLIDATED FINANCIAL PLAN UPDATE

This item has attachments. 
1.City of White Rock 2023 – 2027 Consolidated Financial Plan Update.pdf
2.Appendix A Public Comments for DRAFT 2023-2027 Financial Plan.pdf
3.Appendix B Grant Letter - Province - Growing Communities Fund.pdf
4.Appendix C 2023 - 2027 Consolidated Financial Plan Summary Mar 27 2023.pdf

Corporate report dated March 27, 2023 from the Director of Financial Services titled "City of White Rock 2023-2027 Consolidated Financial Plan Update".


 


 


 


 


Note: Recommendations regarding the Financial Plan Bylaw will be considered following the public submission portion of the agenda. 

  • RECOMMENDATION

    THAT the Finance and Audit Committee receive the March 27, 2023, Corporate Report from the Director of Financial Services, titled “City of White Rock 2023 – 2027 Consolidated Financial Plan Update."

5.
OPPORTUNITY FOR PUBLIC COMMENTS (IN PERSON AND WRITTEN SUBMISSIONS)

This item has attachments. 
1.Chairperson Introduction - Updated.pdf
2.C-1 Anonymous.pdf
3.C-2 Wayne Baldwin.pdf
  1. The Director of Corporate Administration to read a statement regarding the Public Comment process.
  2. The Director of Corporate Administration will state submissions that have been received.
  3. The Chairperson will invite those in attendance that want to speak to the draft Financial Plan to present their comments. Speakers will be provided a maximum of two (2) minutes.
  4. Once everyone has had an opportunity to provide their comments, members of the public wishing to speak a second time will be invited for one (1) additional opportunity (for a maximum of two (2) minutes).

As of 8:30 a.m. on Wednesday, March 22, 2023 there have been two (2) submissions

Author

Date Received

Item #

Anonymous

March 17, 2023

C-1

W. Baldwin

March 21, 2023

C-2

 

 

 

Note: Submissions received between 8:30 a.m. March 22, 2023 and
12:00 p.m. (noon) March 27, 2023 will be presented "On Table" at the meeting.

  • RECOMMENDATION #1

    THAT the Finance and Audit Committee receive the written and verbal submissions provided, including "On-Table" information regarding the
    2023 - 2027 Draft Financial Plan.

  • RECOMMENDATION #2

    THAT the Finance and Audit Committee:

    1. Direct staff to draft the Financial Plan Bylaw for 2023 – 2027 and bring it to Council for first, second and third reading; and
    2. Direct staff to allocate the $5.7M Growing Communities Fund grant funding as follows and subject to eligibility approval from the Province:
      1. $2M to affordable housing;
      2. $2M to the Community Hub; and
      3. the balance of $1.7M to the Pier Restoration.

6.
CONCLUSION OF THE MARCH 27, 2023 FINANCE AND AUDIT COMMITTEE MEETING

 
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