MINUTES


Finance and Governance Committee

 

 

Monday, 08 February 2021

 

 

 

Dragon Room (Level 1,Georges River Civic Centre,

Hurstville)

and

Skype Online Meeting

 

 

 

 

 

 

 

 


Georges River Council - Minutes - Finance and Governance Committee - Monday 8 February 2021

Page 1

 

PRESENT

COUNCIL MEMBERS

Councillor Vince Badalati (Chair), Deputy Mayor Councillor Stephen Agius, Councillor Sam Elmir, Councillor Con Hindi, Councillor Nick Katris, Councillor Nancy Liu and Councillor Colleen Symington.

COUNCIL STAFF

Director Business and Corporate Services - David Tuxford, Chief Financial Officer - Danielle Parker, Director Legal Services and General Counsel - Jenny Ware, Director Environment and Planning - Meryl Bishop, Manager Office of the General Manager - Roxanne Thornton, Manager Development and Building - Ryan Cole, Executives Services Officer - Marina Cavar (Minutes) and Team Leader Technology Services - Garuthman De Silva

OPENING

Councillor Badalati opened the meeting at 7.53pm.

ACKNOWLEDGEMENT OF COUNTRY

Councillor Badalati acknowledged the traditional custodians of the land, the Biddegal people of the Eora Nation.

APOLOGIES/LEAVE OF ABSENCE  

There were no apologies or requests for leave of absence.

NOTICE OF WEBCASTING

The Chairperson, Councillor Badalati, advised staff and the public that the meeting is being recorded for minute-taking purposes and is also webcast live on Council’s website, in accordance with Section 4 of Council’s Code of Meeting Practice.  This recording will be made available on  Council’s website.

DISCLOSURES OF INTEREST

There were no disclosures of interest made.

PUBLIC FORUM

There were no registered speakers for tonight’s meeting.


 

CONFIRMATION OF MINUTES OF PREVIOUS MEETINGS

FIN001-21         Confirmation of the Minutes of the Finance and Governance Meeting held on 7 December 2020

(Report by Executive Services Officer)

RECOMMENDATION: Councillor Hindi  and Councillor Katris

That the Minutes of the Finance and Governance Committee Meeting held on 7 December 2020 be confirmed.

Record of Voting:

For the Motion: Unanimous

COMMITTEE REPORTS

FIN002-21         Administrative Matter - Execution of Documents Under Delegated Authority (1 December 2020 to 31 January 2021)

(Report by Manager, Office of the General Manager)

Recommendation: Councillor Hindi and Councillor Agius

That Council receives and notes, for the period 1 December 2020 to 31 January 2021, that there were six (6) documents executed by the General Manager under delegation.

Record of Voting:

For the Motion: Unanimous

 

 

FIN003-21         Investment Report as at 30 November 2020

(Report by Senior Financial Accountant - Reporting)

Recommendation: Councillor Symington and Councillor Elmir

That Council receives and notes the contents of the Investment Report as at 30 November 2020.

Record of Voting:

For the Motion: Unanimous

 

 

FIN004-21         Investment Report as at 31 December 2020

(Report by Senior Financial Accountant - Reporting)

Recommendation: Councillor Hindi  and Councillor Symington

That Council receives and notes the contents of the Investment Report as at 31 December 2020.

Record of Voting:

For the Motion: Unanimous

 

 


 

FIN005-21         Quarterly Budget Review for period ended 31 December 2020

(Report by Business Performance Accountant)

Recommendation: Councillor Elmir and Councillor Agius

(a)     That Council receives and notes the contents of this report in relation to the Quarterly Budget Review for the period ending 31 December 2020.

(b)     That Council adopt the proposed amendments to the 2020/21 Budget based on the revised forecast operational impacts from COVID-19, the ICAC investigation and other variations experienced in the first half of the financial year.

(c)     That Council notes there is a substantial decrease in Council’s cash forecast balance since the adopted budget.

(d)     That Council notes the forecast operating financial sustainability issues have accelerated due to COVID-19 with higher than anticipated costs and reduced income in 2019/20.

(e)     That Council acknowledges the risks associated with not resolving the financial operating deficit in meeting its short and long-term commitments.

(f)    That parts (a), (b), (c), (d) and (e) of this recommendation is subject to further advice being provided to all Councillors by the Director Business and Corporate Services and Director Legal  Services and General Counsel.

Record of Voting:

For the Motion: Unanimous

 

 

FIN006-21         NSW Legislative Requirements for Internal Borrowing and Loans

(Report by Chief Financial Officer)

RECOMMENDATION: Councillor Hindi  and Councillor Elmir

That the report be received and noted.

Record of Voting:

For the Motion: Unanimous

   

CONCLUSION

The Meeting was closed at 8.17pm.

 

Chairperson, Clr Vince Badalati

(in accordance with Clause 18.5 of Council’s Code of Meeting Practice, these Minutes have been signed by the Chairperson of the 8 March 2021 meeting)

 

Minutes confirmed at the Meeting of the Finance and Governance Committee on 8 March 2021 (FIN007-21)