The Richmond Hill Record

Budget Committee of the Whole

May 28, 2024

Who was there

Present (9): Godwin Chan, Karen Cilevitz, Simon Cui, Carol Davidson, Joe DiPaola, Castro Liu, Micheal Shiu, Scott Thompson, David West

Taken from the roll call in the town’s own minutes. The minutes record who was not there and almost never why.

What was decided (6 motions)

6 carried, 0 recorded otherwise. Every motion below is printed as the minutes print it.

That the agenda be adopted as distributed by the Clerk.
Moved by Councillor Davidson
Carried
a) That the 2023 Operating Results overview be received for information purposes; b) That the 2023 Operating Budget carryforward items of $296,700 listed in Appendix “B” to staff report SRCFS.24.017, be approved and
Moved by Mayor West
Carried
a) That staff report SRCFS.24.016 regarding the 2023 Investment Portfolio Results, be received for information purposes; b) That the updated Investment Policy be approved as provided in Appendix “D” to staff report SRCFS.24.016.
Moved by Councillor Davidson
Carried
a) That staff report SRCFS.24.021 regarding the 2023 Reserve and Reserve Fund Status be received for information purposes; b) That for administration purposes, the following reserve re-alignments be approved: i. The Inspection Reserve be amalgamated with the Engineering Review Fees Reserve; May 28, 2024 BCW#01-24 ii. The Roads and Bridge Investment Fund be merged with the Infrastructure Repair and Replacement Reserve; and iii. The respective by-laws be repealed, and their corresponding accounts be closed.
Moved by Mayor West
Carried
a) That staff report SRCFS.24.022 regarding the 2023 Development Charges, Cash in Lieu of Parkland and Community Benefits Charge Reserve Funds Statement, be received for information purposes; b) That the 2023 Development Charges, Cash in Lieu of Parkland and Community Benefits Charge Reserve Funds Statement be made available to the public on the City of Richmond Hill website as outlined in staff report SRCFS.24.022.
Moved by Councillor Cui
Carried Unanimously
That the meeting be adjourned.
Moved by Mayor West
Carried

The town’s own record

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