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 |
ACTUAL OR EXPECTED |
OVERAGE |
---|---|---|---|---|---|
7-Sep-22 |
National Office Expenses: |
Over budget approval |
60,000.00 |
65,000.00 |
5,000.00 |
7-Sep-22 |
Professional Fees: |
Over budget approval |
31,000.00 |
95,000.00 |
64,000.00 |
Respectfully submitted,
Doug Gaetz
Chair of the Committee