2025-10-29 Finance Committee Minutes - Open Session
Finance Committee Meeting
Open Session
October 29, 2025
MINUTES – OPEN SESSION FINANCE COMMITTEE MEETING
OCTOBER 29, 2025 AT 4:30 PM
MEETING CONDUCTED BY ELECTRONIC PARTICIPATION
Present: Mayor D. Noade Reardon
Councillor G. Sullivan
Councillor P. Radwan
Councillor G. Stewart
Absent: Councillor G. Norton
Also
Present: Chief Administrative Office B. McGovern
Commissioner of Finance and Treasurer K. Fudge
General Counsel M. Tompkins
Commissioner Growth & Community Services A. Poffenroth
Assistant Deputy Chief L. Robichaud
Commissioner Human Resources S. Hossack
Commissioner Public Works & Transportation M. Hugenholtz
Commissioner Utilities & Infrastructure I. Fogan
Director Financial Services J. Forgie
Director Financial Services C. Lavigne
Director External Relations L. Kennedy
Director Corporate Performance S. Rackley-Roach
Deputy City Clerk A. McLennan
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 August 20, 2025
Moved by Mayor Noade Reardon, seconded by Councillor Radwan:
RESOLVED that the minutes of August 20, 2025 be approved.
MOTION CARRIED.
3. Approval of Agenda
Moved by Mayor Noade Reardon, seconded by Councillor Radwan:
RESOLVED that the agenda of October 29, 2025 be approved.
MOTION CARRIED.
4. Disclosures of Conflict of Interest
No disclosures.
Finance Committee Meeting
Open Session
October 29, 2025
5. Consent Agenda
5.1 2024 Annual Report
Moved by Mayor Noade Reardon, seconded by Councillor Radwan:
RESOLVED that the 2024 Annual Report be received for information.
MOTION CARRIED.
6. Business Matters
6.1 Proposed Winter Management Internal Audit
Director Forgie reviewed the submitted report “Internal Audit Winter Management.” A review of the
City’s service delivery model for snow control will be undertaken to determine if opportunities exist to
optimize winter control service delivery. KMPG has been identified as the consultant who will
perform the review which will include subject matter experts in the field of municipal winter
operations.
Moved by Councillor Radwan, seconded by Mayor Noade Reardon:
RESOLVED that the Finance Committee recommends to Council to approve the Winter Management
Internal Audit as part of the 2025/2026 Internal Audit Plan.
MOTION CARRIED.
6.2 2026 General Fund Operating Budget
(Councillor Stewart joined the meeting electronically)
Commissioner Fudge reviewed the submitted presentation “2026 General Fund Operating Budget.”
Moved by Mayor Noade Reardon, seconded by Councillor Stewart:
RESOLVED that the presentation entitled “2026 General Fund Operating Budget” be received for
information.
MOTION CARRIED.
6.3 2026 Utility Fund Operating Budget
Commissioner Fogan reviewed the submitted presentation “2026 Utility Fund Operating Budget.”
Moved by Mayor Noade Reardon, seconded by Councillor Stewart:
RESOLVED that the presentation entitled “2026 Utility Fund Operating Budget” be received for
information and any questions be directed to Staff.
MOTION CARRIED.
6.4 2026 General and Utility Fund Capital Budget
Commissioner Fogan reviewed the submitted presentation “Revised 2026 Draft General and Utility Fund
Capital Budget.”
Moved by Councillor Radwan, seconded by Councillor Stewart:
RESOLVED that the Finance Committee approve the revised 2026 Draft General and Utility Fund Capital
Budgets and send to the next meeting of Common Council for receive and file.
MOTION CARRIED.
7. Adjournment
Moved by Mayor Noade Reardon, seconded by Councillor Radwan:
RESOLVED that the Finance Committee meeting be adjourned.
Finance Committee Meeting
Open Session
October 29, 2025
MOTION CARRIED.
The Finance Committee open session meeting held on October 29, 2025, was adjourned at 6:10 p.m.