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2023-06-28 Finance Committee Minutes - Open Session Finance Committee Meeting Open Session June 28, 2023 MINUTES – OPEN SESSION FINANCE COMMITTEE MEETING JUNE 28, 2023 AT 1:15 PM MEETING CONDUCTED THROUGH ELECTRONIC PARTICIPATION Present: Chair, Councillor G. Sullivan Mayor D. Noade Reardon Councillor P. Radwan Councillor G. Norton Councillor D. Hickey Also Present: Chief Administrative Officer B. McGovern Director Financial Services C. Lavigne General Counsel M. Tompkins Commissioner Human Resources. S. Hossack Fire Chief K. Clifford Commissioner Utilities and Infrastructure I. Fogan Director Growth & Community Services A. Poffenroth Commissioner Transportation & Environment M. Hugenholtz Chair Police Commission T. Kelly Police Chief R. Bruce Director Legislative Services / City Clerk J. Taylor Deputy Clerk P. Anglin Administrative Assistant A. MacLean 1. Meeting Called to Order Councillor Sullivan called the Finance Committee open session meeting to order. 2. Approval of Minutes 2.1 Minutes of May 31, 2023 Moved by Mayor Noade Reardon, seconded by Councillor Norton: RESOLVED that the minutes of May 31, 2023, be approved. MOTION CARRIED. 3. Approval of Agenda Moved by Mayor Noade Reardon, seconded by Councillor Radwan: RESOLVED that the agenda of June 28, 2023, be approved. MOTION CARRIED. 4. Disclosures of Conflict of Interest No disclosures. 5. Consent Agenda Finance Committee Meeting Open Session June 28, 2023 6. Business Matters 6.1 Deloitte Audit Results Referring to the submitted report, The City of Saint John Report to the Finance Committee on the 2022 Audit, Deloitte auditors Stephen Lund, Jeremy Mallais, and Alena Gidney presented the Deloitte audit results. 6.2 Consolidation and Financial Statements Walk Through Referring to the submitted report, 2022 Audited Consolidated Financial Statements, Director Lavigne provided an overview. Moved by Mayor Noade Reardon, seconded by Councillor Hickey: RESOLVED that: • Finance Committee approves the audited 2022 Consolidated Financial Statements • Finance Committee approves the 2022 statement of revenue and expenses of the Saint John Trade & Convention Centre • Finance Committee approves the 2022 City of Saint John Trust Funds financial statements • Finance Committee recommends that Common Council approve the 2022 Consolidated Financial Statements as presented by staff as well as the 2022 TCC statement, and 2022 Trust Funds financial statements. MOTION CARRIED. The meeting paused and convened for an in-camera session to provide an opportunity for discussion between the Council Committee Members and auditors. The open session reconvened at 1:55 p.m. Moved by Mayor Noade Reardon, seconded by Councillor Radwan: RESOLVED that the Finance Committee recommends the 2022 Audit Results be referred to Common Council for adoption. MOTION CARRIED. The Mayor withdrew from the meeting at 2:52 p.m. and re-entered the meeting at 3:06 p.m. 6.3 2024 Draft General Fund Operating Budget Referring to the submitted report 2024 Draft General Fund Operating Budget, CAO B. McGovern, senior staff, and Police Chief R. Bruce presented the service area budgets. Moved by Councillor Radwan, seconded by Councillor Hickey: RESOLVED that the submissions for 2024 Draft General Fund Operating Budget be received for information. MOTION CARRIED. 6.4 2024 Operating Budget - Public Engagement (Shape Your Budget) (Verbal Update) Director Lavigne advised the Shape Your Budget website is live and will have an official launch tomorrow. 7. Adjournment Moved by Councillor Hickey, seconded by Councillor Norton: RESOLVED that the Finance Committee meeting be adjourned. MOTION CARRIED. The Finance Committee open session meeting held on June 28, 2023, was adjourned at 4:00 pm. Finance Committee Meeting Open Session June 28, 2023 Respectfully submitted, Patricia Anglin, Recording Secretary