Finance Committee

Report of the Finance Committee

September 2022

Doug Gaetz

The committee held a virtual meeting June 16, 2022, to review the investments and made the decision to purchase a GIC in the amount of one million dollars for one year, with options to renew.

We continue to monitor our investments regularly with our investment manager.

We have one recommendation to present to council.

Recommendation #1:

Be it resolved that the following line items be approved for overspending:

DATE

LINE ITEM DESCRIPTION

EXPLANATION

2021
BUDGET

ACTUAL OR
EXPECTED

OVERAGE

7-Sep-22

National Office Expenses:
Insurance

Over budget approval

60,000.00

65,000.00

5,000.00

7-Sep-22

Professional Fees:
Investment Management

Over budget approval

31,000.00

95,000.00

64,000.00

Respectfully submitted,

Doug Gaetz
Chair of the Committee