Loading...
2020-01-22 Finance Committee Minutes - Open SessionFinance Committee Meeting Open Session January 22, 2020 MINUTES — OPEN SESSION FINANCE COMMITTEE MEETING JANUARY 22, 2020 AT 4:30 PM 8t" FLOOR COMMON COUNCIL CHAMBER (LUDLOW ROOM), CITY HALL Present: Mayor D. Darling Councillor D. Merrithew Councillor S. Casey Councillor D. Reardon Councillor G. Sullivan Councillor G. Norton Also Present: City Manager J. Collin Commissioner of Finance and Treasurer K. Fudge Comptroller Finance C. Graham City Solicitor J. Nugent Fire Chief K. Clifford Commissioner Transportation & Environment Services M. Hugenholtz Senior Financial Manager C. Lavigne Administrative Assistant K. Tibbits 1. Meetiniz Called To Order Councillor Merrithew called the Finance Committee open session meeting to order. 1.1 Approval of Minutes — December 3. 2019 Moved by Councillor Reardon, seconded by Councillor Norton: RESOLVED that the minutes of December 3, 2019 be approved. ►TI[��[�I�[�1e ::1" (Mayor Darling entered the meeting) 1.2 Emergency Response Simulation Project Chief Clifford reviewed the submitted presentation entitled, "Emergency Planning Preparedness & Response Simulation Theatre Project." Mr. Collin commented on some of the benefits of the simulation project, including increased revenue and training potential, and also having the ability to practice and validate emergency plans without deploying response forces, saving money in the long-term. Moved by Councillor Reardon, seconded by Mayor Darling: RESOLVED that as recommended by the City Manager in the submitted report entitled "Emergency Response Simulation Theatre Project" the Finance Committee recommends that Common Council: Finance Committee Meeting Open Session January 22, 2020 • Approves the proposed renovations to the soon to be vacated Fire Prevention Division located in the second level office space next to the Saint John Emergency Operations Centre (EOC) for the purpose of establishing an emergency planning, preparation, response and testing simulation theatre; • Award a contract as presented by ADMS simulation (Attachment C) for the purpose of providing the City of Saint John with simulation equipment that will support the development of a comprehensive emergency planning, preparation, response and testing simulation theatre; • Approves the adjustment to the 2020 Capital Budget for the purchase of the Emergency Planning, Preparedness, Response Testing Simulation Project based on the appropriateness of the submitted business case for a total of $571,385; • Approves the local acquisition of the furniture, monitors and other related electronic equipment necessary for the simulation theatre from the CAER contribution received from Canaport LNG. MOTION CARRIED. 1.3 Agreement with NB Power — Backup Fire Protection Service Chief Clifford reviewed the submitted presentation entitled, "NB Power Agreement Backup Fire Response to PLNGS." This ten-year agreement encompasses emergency response and training. Rates are adjusted based on CPI and current salary for the duration of the agreement and significantly increases the annual contribution from NB Power. The City was prepared to step away from the relationship in place since 1982 if a better value arrangement could not be met. Moved by Mayor Darling, seconded by Councillor Reardon: RESOLVED that as recommended by the City Manager in the submitted report entitled, "Agreement with NB Power for Back-up Fire Protection Services and Response Training at the Point Lepreau Generating Station", the Finance Committee recommends that Common Council authorizes the Mayor and Common Clerk to execute the submitted 10-year agreement for Backup Fire Protection and Response Training between the City of Saint John Fire Department and NB Power Corporation, Point Lepreau Generating Station. MOTION CARRIED. 1.4 Reauest to RDC to Share Cost of Seawall Mr. Lavigne stated that the request of the Finance Committee is to endorse a letter be sent to the RDC requesting the province contribute to the cost of the seawall refurbishment project. The City secured funding for the $8.1M project through the Disaster Mitigation and Adaptation Fund with the Federal Government. The Federal Government's contribution is 40% or $3.24M; the City's share is $4.86M and has been budgeted as part of the 2020 and 2021 capital budget. The letter is asking RDC to contribute 30% of the overall cost of the project, or $2.43M. The province stands to gain considerable property tax revenue and therefore considered a reasonable ask of the province. The project will proceed, even if the City does not obtain the requested cost -sharing arrangement. Moved by Councillor Reardon, seconded by Councillor Sullivan: RESOLVED that as recommended by the City Manager in the submitted report entitled, "Fundy Quay Seawall — Provincial Cost Sharing Request", the Finance Committee recommends that Common Council direct the Mayor to sign the submitted letter to the Province of New Brunswick, requesting 50/50 cost sharing for the remaining Municipal portion of infrastructure costs for the refurbishment and raising of the Fundy Quay Seawall. MOTION CARRIED. 2 Finance Committee Meeting Open Session January 22, 2020 1.5 Understanding Consolidated Financial Statements Mr. Fudge reviewed the submitted presentation entitled, "Consolidated Financial Statements — Debunking the Myth" and clarified the interpretation of the consolidated financial statements and some of the numbers contained within. The City is projecting a $10M structural deficit for 2021 in the operating budget. Balancing the operating budget is a legislative requirement. Interpreting the structural deficit in the operating budget is very different than interpreting the results of the consolidated statements and should not be analyzed in isolation. Moved by Councillor Norton, seconded by Councillor Sullivan: RESOLVED that the presentation entitled, "Consolidated Financial Statements — Debunking the Myth", be received for information. MOTION CARRIED. 1.6 2020 General ODeratiniz Budizet Resolution Referring to the submitted report, Mr. Fudge stated that the province requires a revised resolution related to the 2020 General Operating Budget, due to the treatment of LNG revenue. There is no impact to the overall budget and is an adjustment between two revenue line items. Moved by Councillor Norton, seconded by Councillor Sullivan: RESOLVED that as recommended by the City Manager in the submitted report entitled, "2020 General Fund Operating Budget", the Finance Committee endorse the following revised resolutions for the 2020 General Fund Operating Budget and submit to Common Council for approval: 1. That the sum of $166,708,424 be the total Operating Budget of the City of Saint John for 2020; 2. That the sum of $125,842,974 be the Warrant of the City of Saint John for 2020; 3. That the tax rate for the City of Saint John be $1.785; 4. That Common Council orders and directs the levying by the Minister of Environment and Local Government of said amount on real property liable to taxation under the Assessment Act within the Municipality of Saint John; 5. That Common Council authorizes the Commissioner of Finance and Administrative Services to disburse, at a time acceptable to him, to the named Commissions, Agencies and Committees, the approved funds as contained in the 2020 budget. MOTION CARRIED. Adjournment Moved by Councillor Reardon, seconded by Councillor Norton: RESOLVED that the open session meeting of the Finance Committee be adjourned. I►LAIQI[eIL[ye : "Ilk 1" The Finance Committee open session meeting held on January 22, 2020 was adjourned at 5:30 p.m. 3