2024-07-24 Finance Committee Minutes - Open Session
Finance Committee Meeting
Open Session
July 24, 2024
MINUTES – OPEN SESSION FINANCE COMMITTEE MEETING
JULY 24, 2024, AT 2:40 PM
MEETING CONDUCTED THROUGH ELECTRONIC PARTICIPATION
Present: Chair Councillor G. Sullivan
Mayor D. Noade Reardon
Councillor G. Norton
Councillor D. Hickey
Councillor P. Radwan
Also
Present:
Chief Administrative Officer B. McGovern
General Counsel M. Tompkins
Commissioner Utilities & Infrastructure I. Fogan
Commissioner Public Works & Transportation M. Hugenholtz
Commissioner Human Resources S. Hossack
Director Financial Services C. Lavigne
Director Financial Services J. Forgie
Director Corporate Performance & Chief Information Officer S. Rackley-Roach
Director Growth and Community Development D. Dobbelsteyn
Director Engineering, Chief City Engineer M. Baker
Director Saint John Water K. Mason
Intermediate Accountant V. Parikh
Director Legislative Services / City Clerk J. Taylor
Administrative Assistant A. MacLean
1. Call to Order
Councillor Sullivan called the Finance Committee closed session meeting to order.
2. Approval of Minutes
2.1 Minutes of May 22, 2024
Moved by Mayor Noade Reardon, seconded by Councillor Radwan:
RESOLVED that the minutes of May 22, 2024, be approved.
MOTION CARRIED.
3. Approval of Agenda
Moved by Mayor Noade Reardon, seconded by Councillor Hickey:
RESOLVED that the agenda of July 24, 2024, be approved.
MOTION CARRIED.
4. Disclosures of Conflict of Interest
No disclosures.
5. Consent Agenda
Finance Committee Meeting
Open Session
July 24, 2024
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 2024 Audit, Deloitte auditors Stephen Lund and Maggie Mee presented the Deloitte audit
results.
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 3:15 p.m.
6.2 2023 - Consolidation and Financial Statements Walk Though
Referring to the submitted report, 2023 Audited Consolidated Financial Statements, Director
Lavigne provided an overview.
Moved by Councillor Hickey, seconded by Mayor Noade Reardon:
RESOLVED that as recommended in the submitted report entitled 2023 Audited Consolidated
Financial Statements, the following the approved:
• Finance Committee approves the audited 2023 Consolidated Financial Statements
• Finance Committee approves the 2023 statement of revenue and expenses of the
Saint John Trade & Convention Centre
• Finance Committee approves the 2023 City of Saint John Trust Funds financial
statements
• Finance Committee recommends that Common Council approve the 2023
Consolidated Financial Statements as presented by staff as well as the 2023 Saint
John Trade and Convention Centre financial statements, and 2023 Trust Funds
financial statements.
MOTION CARRIED.
6.3 2025 Draft General and Utility Capital Budget
Referring to the submitted presentation entitled 2025 Draft General and Utility Fund Capital
Budget, Director Lavigne provided an overview of the draft 2025 General and Utility fund capital
budget and recommended that any feedback be directed to staff.
Moved by Councillor Hickey, seconded by Mayor Noade Reardon:
RESOLVED that the presentation entitled 2025 Draft General and Utility Fund Capital Budget
be received for information.
MOTION CARRIED.
6.4 2025 Shape your Budget – Public Engagement Results
Referring to the submitted presentation entitled 2025 Operating Budget – Public Engagement
Results, Director Lavigne provided an overview.
Moved by Mayor Noade Reardon, seconded by Councillor Hickey:
RESOLVED that the presentation entitled 2025 Operating Budget – Public Engagement Results
and the attached documents be received for information.
MOTION CARRIED.
7. Adjournment
Moved by Councillor Hickey, seconded by Mayor Noade Reardon:
RESOLVED that the open session meeting of the Finance Committee be adjourned.
MOTION CARRIED.
The Finance Committee open session meeting held on July 24, 2024, was adjourned at 4:00
p.m.
Finance Committee Meeting
Open Session
July 24, 2024
Respectfully submitted,
Anna MacLean, Recording Secretary