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Minutes (Appointed) - Finance Advisory Committee - 20220118 1 Town of Aurora Finance Advisory Committee Meeting Minutes Date: Time: Location: Tuesday, January 18, 2022 5:45 p.m. Video Conference Committee Members: Mayor Tom Mrakas (Chair) Councillor Harold Kim Councillor Michael Thompson Other Attendees: Doug Nadorozny, Chief Administrative Officer Rachel Wainwright-van Kessel, Director, Finance Jason Gaertner, Manager, Financial Management Elizabeth Adams-Quattrociocchi, Manager, Financial Reporting and Revenue Ishita Soneji, Council/Committee Coordinator _____________________________________________________________________ 1. Call to Order Councillor Kim called the meeting to order at 5:46 p.m. Mayor Mrakas assumed the Chair at 5:48 p.m. 2. Appointment of Committee Chair Moved by Councillor Thompson Seconded by Mayor Mrakas That the Committee appoint Mayor Mrakas as Chair for year 2022 of the Finance Advisory Committee (2018-2022 term). Carried 2 3. Approval of the Agenda Moved by Councillor Thompson Seconded by Councillor Kim 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 December 7, 2021 Moved by Councillor Thompson Seconded by Councillor Kim That the Finance Advisory Committee meeting minutes of December 7, 2021, be received for information. Carried 6. Delegations None. 7. Matters for Consideration 7.1 Memorandum from Senior Advisor, Financial Systems and Policy; Re: Property Tax and Water Bill Payment Options Update Staff provided an overview of the memorandum proposing the elimination of cash transactions at Town Hall for property tax and water bill payments. The Committee inquired about any exceptions to the process and alternate cash payment options, and staff advised that cash payments will be accepted at user financial institutions. The Committee suggested that an adequate transition period would be beneficial to the residents and business owners. Staff noted that residents and business owners will be 3 notified well in advance of the effective due date as part of the roll-out plan. The Committee and staff further discussed about the potential cost savings due to the reduction in armoured vehicle cash pick-up services. The Committee expressed support for the proposed initiative. Moved by Councillor Thompson Seconded by Councillor Kim 1. That the memorandum regarding Property Tax and Water Bill Payment Options Update be received; and 2. That the Finance Advisory Committee comments regarding Property Tax and Water Bill Payment Options be received and referred to staff for consideration and further action as appropriate. Carried 8. New Business None. 9. Adjournment Moved by Councillor Kim Seconded by Councillor Thompson That the meeting be adjourned at 5:59 p.m. Carried