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Minutes - Finance Advisory Committee - 20240123 Town of Aurora Finance Advisory Committee Meeting Minutes Date: Time: Location: Tuesday, January 23, 2024 5:45 p.m. Holland Room, Aurora Town Hall Committee Members: Mayor Tom Mrakas (Chair) Councillor Michael Thompson Councillor Ron Weese Other Attendees: Doug Nadorozny, Chief Administrative Officer Rachel Wainwright-van Kessel, Director, Finance Jason Gaertner, Manager, Financial Management Tracy Evans, Advisor, Financial Management* Emily Freitas, Council/Committee Coordinator *Attended electronically _____________________________________________________________________ 1. Call to Order The Chair called the meeting to order at 5:45 p.m. 2. Land Acknowledgement The Committee acknowledged that the meeting took place on Anishinaabe lands, the traditional and treaty territory of the Chippewas of Georgina Island, recognizing the many other Nations whose presence here continues to this day, the special relationship the Chippewas have with the lands and waters of this territory, and that Aurora has shared responsibility for the stewardship of these lands and waters. It was noted that Aurora is part of the treaty lands of the Mississaugas and Chippewas, recognized through Treaty #13 and the Williams Treaties of 1923. Finance Advisory Committee Meeting Minutes Tuesday, January 23, 2024 2 3. Approval of the Agenda Moved by Ron Weese Seconded by Councillor Thompson That the agenda as circulated by Legislative Services be approved. Carried 4. 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. 5. Receipt of the Minutes 5.1 Finance Advisory Committee Meeting Minutes of September 12, 2023 Moved by Councillor Thompson Seconded by Ron Weese 1. That the Finance Advisory Committee Meeting Minutes of September 12, 2023, be received for information. Carried 6. Delegations None. 7. Matters for Consideration 7.1 Memorandum from Financial Management Advisor; Re: Budget Review of the Aurora Sports Hall of Fame Javed S. Khan, Kristen Dajia, and Brian Roberts from the Aurora Sports Hall of Fame, accompanied by staff, presented a breakdown of their budget review, including financial statements and investments made by the Aurora Sports Hall of Fame. They provided a breakdown of expenses Finance Advisory Committee Meeting Minutes Tuesday, January 23, 2024 3 between 2021 and 2022, including dinner management, speaker fees, and program printing, and discussed their financial reserves. The Committee inquired about the dinner fees and how many people are employed, the upcoming financial statements for 2023, and discussed establishing a policy regarding unaudited statements. Moved by Ron Weese Seconded by Councillor Thompson 1. That the memorandum regarding Budget Review of the Aurora Sports Hall of Fame be received; and 2. That the Finance Advisory Committee comments regarding Budget Review of the Aurora Sports Hall of Fame be received and referred to staff for consideration and further action as appropriate. Carried 7.2 Memorandum from Project Management Office; Re: Municipal Service Delivery Review Update Staff presented an overview of the Municipal Service Delivery Review conducted by Strategy Corp. They discussed the quality and effectiveness of all Town Services, leading municipal practices, and the findings that the Town has progressed with the implementation of the recommendations, with 24 of the 30 either being in progress or completed. The Committee inquired about the process of used by Strategy Corp. to identify the issues, the positive impact that was made for all Town services, and the innovative practices. Staff discussed the standard methodology that the consulting firm uses, and how the Town requested a growth impact analysis. Moved by Councillor Thompson Seconded by Ron Weese 1. That the memorandum regarding Municipal Service Delivery Review Update be received for information. Carried Finance Advisory Committee Meeting Minutes Tuesday, January 23, 2024 4 8. New Business None. 9. Adjournment Moved by Councillor Thompson Seconded by Ron Weese That the meeting be adjourned at 6:32 p.m. Carried