Loading...
2024-10-23 Finance Committee Minutes - Open Session Finance Committee Meeting Open Session October 23, 2024 MINUTES – OPEN SESSION FINANCE COMMITTEE MEETING OCTOBER 23, 2024 AT 4:45 PM MEETING CONDUCTED BY ELECTRONIC PARTICIPATION Present: Mayor D. Noade Reardon Councillor G. Sullivan Councillor G. Norton Councillor P. Radwan Absent: Councillor D. Hickey Also Present: Chief Administrative Office B. McGovern Commissioner of Finance and Treasurer K. Fudge Fire Chief R. Nichol Commissioner Human Resources S. Hossack Commissioner Utilities & Infrastructure I. Fogan Commissioner Growth & Community Services A. Poffenroth Director Transit & Fleet I. MacKinnon Director Financial Services J. Forgie Director Financial Services C. Lavigne Intermediate Accountant V. Parikh Director Corporate Performance S. Rackley-Roach Director Asset Management S. Yammine Corporate Asset Manager, B. Neal Director Parking and Parks & Recreation M. Dionne Director Public Works T. O’Reilly Director Legislative Services / City Clerk J. Taylor Administrative Assistant A. MacLean Administrative Assistant K. Tibbits 1. Meeting Called to Order Councillor Sullivan called the Finance Committee open session meeting to order. 2. Approval of Minutes 2.1 Minutes of September 18, 2024 Moved by Mayor Noade Reardon, seconded by Councillor Norton: RESOLVED that the minutes of September 18, 2024 be approved. MOTION CARRIED. 3. Approval of Agenda Moved by Mayor Noade Reardon, seconded by Councillor Radwan: RESOLVED that the agenda of October 23, 2024 be approved. MOTION CARRIED. 4. Disclosures of Conflict of Interest No disclosures. Finance Committee Meeting Open Session October 23, 2024 5. Consent Agenda 6. Business Matters 6.1 Memorandum of Understanding Uptown Saint John Inc. (N. Tissington, Executive Director of Uptown Saint John joined the meeting) Commissioner Fudge reviewed the submitted report noting that the proposed MOU between the City and Uptown SJ would form a partnership in order to leverage funding from other levels of government to improve the uptown area. Uptown SJ is eligible to apply annually for funding through Downtown New Brunswick Inc.’s “Heart of Communities” Investment Initiative for up to $20K for capital projects and $10K for planning projects. Uptown Saint John is interested in partnering with the City to provide matching funds for projects identified in accordance with the Memorandum of Understanding. Moved by Councillor Norton, seconded by Councillor Radwan: RESOLVED that the Finance Committee recommends Common Council approve and execute the Memorandum of Understanding between the City of Saint John and Uptown Saint John Inc. MOTION CARRIED. (N. Tissington withdrew from the meeting) 6.2 State of the Infrastructure Update Director Yammine reviewed the submitted report “2024 State of the Infrastructure Report” and discussed the state of the City’s municipal infrastructure, and also estimated long-term capital expenditures needed to sustainably renew and replace existing infrastructure assets. Moved by Mayor Noade Reardon, seconded by Councillor Norton: RESOLVED that the submitted presentation entitled "2024 State of the Infrastructure Report” be received for information. MOTION CARRIED. 6.3 2025 Draft General Fund Operating Budget Director Lavigne reviewed the submitted presentation entitled "2025 Draft General Fund Operating Budget.” Moved by Mayor Noade Reardon, seconded by Councillor Radwan: RESOLVED that the Finance Committee receive and file the presentation and direct any questions to staff. MOTION CARRIED. 6.4 2025 Draft Utility Fund Operating Budget Commissioner Fogan reviewed the submitted presentation entitled "Saint John Water 2025 Draft Potable Operating Budget.” Moved by Mayor Noade Reardon, seconded by Councillor Radwan: RESOLVED that the Finance Committee receive and file the presentation and direct any questions to staff. MOTION CARRIED. 7. Adjournment Moved by Councillor Norton, seconded by Mayor Noade Reardon: RESOLVED that the Finance Committee meeting be adjourned. MOTION CARRIED. The Finance Committee open session meeting held on October 23, 2024, was adjourned at 6:00 p.m.