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04 - April 20, 2021 Budget Committee Minutes Council Budget Committee Meeting Minutes Virtual Meeting via Webex April 20, 2021 at 1:00 P.M. ATTENDEES: Warden Tom Marks (Budget Committee Chair) Councillor Mary French (Budget Committee Member) Councillor Ed Ketchabaw (Budget Committee Member) Jim Bundschuh, Director of Financial Services Julie Gonyou, Chief Administrative Officer Brian Masschaele, Director of Community and Cultural Services Jeff VanRybroeck, CEMC/Fire Training Officer Jennifer Ford, Manager of Financial Services/Deputy Treasurer Lisa Czupryna, Senior Financial Analyst Mathew Waite, Financial Analyst Katherine Thompson, Supervisor of Legislative Services Carolyn Krahn, Legislative Services Coordinator 1.CALL TO ORDER th The Council Budget Committee met this 20 day of April, 2021 at 1:00 p.m. 2.APPROVAL OF THE AGENDA Moved by: Councillor French Seconded by: Councillor RESOLVED THAT the agenda be approved as presented. Recorded Vote Yes No Councillor French Yes Councillor Yes Councillor Ketchabaw Yes Warden MarksYes 4 0 -Motion Carried. 3. APPROVAL OF THE MINUTES Moved by: Councillor Ketchabaw Seconded by: Councillor French RESOLVED THAT the minutes of the meeting held on February 9, 2021 be approved. Recorded Vote Yes No Councillor French Yes CouncillorYes Councillor Ketchabaw Yes WardenMarksYes 4 0 - Motion Carried. 4. DISCLOSURE OF PECUNIARY INTEREST None. 5. DELEGATIONS None. 6. BRIEFINGS AND REPORTS 6.1 Draft 2020 Annual Report – Manager of Administrative Services The Director of Financial Services and Manager of Administrative Services presented a draft of the 2020 Annual Report. The Annual Report will be published as an interactive webpage and will provide residents of Elgin with an easy-to-understand synopsis of the financial details found in the Financial Information Return (FIR). Moved by: Councillor Ketchabaw Seconded by: Councillor French RESOLVED THAT with the Committee’s support and endorsement, the 2020 Annual Report be presented to County Council at the second meeting in May. Recorded Vote Yes No Councillor French Yes Councillor Yes Councillor Ketchabaw Yes Warden MarksYes 4 0 - Motion Carried. 6.2 Budget Adjustments – Director of Financial Services The Director of Financial Services presented changes to the budget since its approval by Council in February 2021. These changes have created the opportunity to adjust the budget to reduce net spend by $550,000. Moved by: Councillor Ketchabaw Seconded by: Councillor French WHEREAS the Committee has thoroughly reviewed the financial information; THEREFORE BE IT RESOLVED THAT the budget adjustments be presented to Council once the 2020 actuals are available. Recorded Vote Yes No Councillor French Yes Councillor Yes Councillor Ketchabaw Yes Warden MarksYes 4 0 - Motion Carried. 6.3 2021 First Quarter Performance – Director of Financial Services The Director of Financial Services presented the 2021 First Quarter Performance. The budget comparison shows a favourable year-to-date performance of $176,000. Moved by: Councillor Seconded by: Councillor French RESOLVED THAT the April 15, 2021, report titled, 2021 1st Quarter Performance, submitted by the Director of Financial Services, be received and filed for information. Recorded Vote Yes No Councillor French Yes Councillor Yes Councillor Ketchabaw Yes Warden MarksYes 40 -MotionCarried. 7.OTHER BUSINESS None. 8.CORRESPONDENCE None. 9.DATE OF NEXT MEETING The Committee will meet again in late July or early August. 10.ADJOURNMENT Moved by: Councillor French Seconded by: Councillor Ketchabaw Resolved that we do now adjourn at 1:37 p.m. Recorded Vote Yes No Councillor French Yes Councillor Yes Councillor Ketchabaw Yes Warden MarksYes 4 0 -Motion Carried. ______ Julie Gonyou, Tom Marks, Chief Administrative Officer. Chair.