FINANCE & AUDIT COMMITTEE
AGENDA
CITY OF MERRITT

Wednesday, May 27, 2020

12:00 P.m. - 1:00 P.m.

Held online due to social distancing requirements

Public access link published on City website

& social media accounts

​Mission Statement: The City of Merritt is a progressive, attractive, economically viable City that is socially responsible and environmentally sustainable.

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1.

CALL TO ORDER

1.1

Call to Order

2.

Late Items

• Recommendation:

  THAT Committee add the Financial Position Report to New Business

3.

PUBLIC INPUT

4.

ADOPTION OF THE MINUTES

4.1

Finance and Audit Committee Meeting Minutes - April 15th, 2020

• Recommendation:

  THAT the Minutes of the Finance & Audit Committee Meeting held on April 15th, 2020 be adopted.

5.

GENERAL MATTERS - Delegations & Recognitions

6.

UNFINISHED BUSINESS

7.

NEW BUSINESS

7.1

COVID 19 and Cash Flows

Ms Thiessen to introduce the impact COVID-19 is expected to have on City of Merritt cash flows

• Recommendation:

  THAT the Committee receive this report for information

7.2

Draft Reserve and Surplus Policy

Ms Thiessen to introduce the City's proposed Reserve and Surplus Policy for comments by the Committee

• Recommendation:

  THAT the Finance & Audit Committee provide staff with input and direction on the draft Reserve and Surplus Policy presented prior to the policy being considered by the Policy Committee.

8.

CLOSED ITEMS

• Recommendation:

  THAT the Committee close this meeting, pursuant to section 90(l) of the Community Charter, "discussions with municipal officers and employees respecting municipal objectives, measures and progress reports for the purposes of preparing an annual report under section 98 [annual municipal report]"

9.

TERMINATION OF MEETING