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MINUTES - Finance Advisory Committee - 20201013 1 Town of Aurora Finance Advisory Committee Meeting Minutes Date: Time: Location: Tuesday, October 13, 2020 5:45 p.m. Video Conference Committee Members: Mayor Tom Mrakas Councillor Michael Thompson Members Absent: Councillor John Gallo (Chair) Other Attendees: Doug Nadorozny, Chief Administrative Officer Rachel Wainwright-van Kessel, Director, Finance Jason Gaertner, Manager, Financial Management Tracy Evans, Advisor, Financial Management Suzanne Haines, Executive Director, Aurora Cultural Centre Eric Acker, President, Aurora Cultural Centre Board Laura Hostick, Treasurer, Aurora Cultural Centre Heidi Franken, Past Treasurer, Aurora Cultural Centre Ishita Soneji, Council/Committee Coordinator _____________________________________________________________________ 1. Procedural Notes This meeting was held electronically as per Section 19. i) of the Town's Procedure By-law No. 6228-19, as amended, due to the COVID-19 situation. Councillor Thompson was appointed Chair for the meeting. The Chair called the meeting to order at 5:48 p.m. 2. Approval of the Agenda Moved by Mayor Mrakas Seconded by Councillor Thompson 2 That the agenda as circulated by Legislative Services, be approved. Carried 3. Declarations of Pecuniary Interest and General Nature Thereof There were no declarations of pecuniary interest under the Municipal Conflict of Interest Act, R.S.O. 1990, c. M.50. 4. Receipt of the Minutes 4.1 Finance Advisory Committee Meeting Minutes of September 15, 2020 Moved by Mayor Mrakas Seconded by Councillor Thompson That the Finance Advisory Committee meeting minutes of September 15, 2020, be received for information. Carried 5. Delegations None 6. Matters for Consideration 6.1 Memorandum from Manager, Financial Management; Re: Aurora Cultural Centre (ACC) Detailed Budget Review The Committee inquired about the impact of COVID-19 on the 2020 budget and its related challenges anticipated for next year. Ms. Suzanne Haines, Executive Director of the Aurora Cultural Centre provided a response noting that the primary impacts are due to the changes in program offering with more virtual and reduced in-person offerings, lenient cancellation policies, and reduced fundraising opportunities. She noted that efforts to mitigate marketing and program expenses are ongoing with some pressures being offset by any Provincial funding and projected that the Aurora Cultural Centre would finish 2020 in roughly a break even financial position. She further mentioned that the Centre is planning towards maintaining continuity of the programs, events, and community involvement throughout next year in addition to accommodating to the new Cultural Centre space due to the Library Square project relocation. 3 Moved by Mayor Mrakas Seconded by Councillor Thompson 1. That the memorandum regarding the Aurora Cultural Centre (ACC) Detailed Budget Review be received; and 2. That the comments and suggestions of the review of the detailed financial information for the Aurora Cultural Centre be received and referred to staff for consideration and action as appropriate. Carried 6.2 Memorandum from Manager, Financial Management; Re: 2021 Budget Process Staff provided an overview of the upcoming budget process including details of the Budget Committee meeting schedule noting that the Budget Committee will review the proposed operating budget first and then the capital budget. Staff noted that the capital budget framework has been revised and a report outlining the details will be provided at Budget Committee. Moved by Mayor Mrakas Seconded by Councillor Thompson 1. That the memorandum regarding the 2021 Budget Process be received for information. Carried 6.3 Memorandum from Manager, Financial Management; Re: Operational Services Department Budget Materials Moved by Mayor Mrakas Seconded by Councillor Thompson 1. That the memorandum regarding the Operational Services Department Budget Materials be received; and 2. That the detailed financial information for the Operational Services’ Department be received and deferred for discussion and detailed review at the November 10, 2020 meeting of the Finance Advisory Committee. Carried 4 7. New Business Councillor Thompson inquired about the possibility of York Region reverting to a modified Stage 2 due to the increase in COVID-19 cases, and the Mayor provided a response noting that there are no changes at this time. 8. Adjournment Moved by Mayor Mrakas Seconded by Councillor Thompson That the meeting be adjourned at 6:11 p.m. Carried