January 19, 2022 Audit and Finance Standing Committee Meeting

Agenda

1. CALL TO ORDER

2. APPROVAL OF MINUTES – December 15, 2021

3. APPROVAL OF THE ORDER OF BUSINESS AND APPROVAL OF ADDITIONS AND DELETIONS

4. BUSINESS ARISING OUT OF THE MINUTES

5. CALL FOR DECLARATION OF CONFLICT OF INTERESTS

6. MOTIONS OF RECONSIDERATION – NONE
7. MOTIONS OF RESCISSION – NONE
8. CONSIDERATION OF DEFERRED BUSINESS – NONE
9. NOTICES OF TABLED MATTERS – NONE

10. CORRESPONDENCE, PETITIONS & DELEGATIONS
10.1 Correspondence 
10.2 Petitions 

10.3 Presentations
10.3.1 Sheet Harbour Marina Association 
- Presentation 

11. INFORMATION ITEMS BROUGHT FORWARD – NONE

12. REPORTS
12.1 AUDITOR GENERAL – NONE

12.2 STAFF 
12.2.1 Funding Request – Art Gallery of Nova Scotia 

Motion:
THAT Audit and Finance Standing Committee recommend that Halifax Regional Council direct the Chief Administrative Officer to:
(1)    Include the requested funding from the Art Gallery of Nova Scotia as part of the 2022-2023 budget planning process for consideration during the Budget Adjustment List (BAL) debate with a recommended contribution to be phased over five years as follows:
a.    $600,000 in fiscal 2022/2023 budget;
b.    $600,000 in fiscal 2023/2024 budget;
c.    $600,000 in fiscal 2024/2025 budget; 
d.    $600,000 in fiscal 2025/2026 budget; 
e.    $600,000 in fiscal 2026/2027 budget; and

(2)    Negotiate and execute a contribution agreement with the Art Gallery of Nova Scotia, for the provision of a multi-year, phased-payment of up to a total of $3,000,000, and such contribution agreement is to be substantially in accordance with the terms and conditions set forth in Table 5 of this report.

12.2.2 Investment Activities – Quarter Ending September 30, 2021 

Motion:
THAT the Audit & Finance Standing Committee forward this report to Halifax Regional Council as an information item.

12.3 GRANTS COMMITTEE – NONE
12.4 COMMITTEE MEMBERS – NONE
13. MOTIONS – NONE

14. IN CAMERA (IN PRIVATE) 
14.1 In Camera (In Private) Minutes – December 15, 2021

Motion:
THAT the In Camera (In Private) minutes of December 15, 2021 be approved as circulated.

15. ADDED ITEMS - NONE
16. NOTICES OF MOTION

17. PUBLIC PARTICIPATION

18. DATE OF NEXT MEETING – February 17, 2022

19. ADJOURNMENT

INFORMATION ITEMS – NONE