Finance and Audit Committee - April 20, 2022

Staff will be returning to a future Finance and Audit Committee Meeting with a report regarding the request for a grant in aid from Growing Opportunities and include information pertaining to water rates in Agriculture Land Reserves.

Section 7a

The following recommendations will be going to Council for their consideration and endorsement:

That Council accept the 2021 Annual Financial Statements for the City of Nanaimo.

Section 8a

That Council add full implementation of the Downtown Nanaimo Safety Action Plan to the 2022 – 2026 Financial Plan effective July 1, 2022.
Section 8b

That Council support the City of Nanaimo’s bid to host the 2025 or 2026 55+ BC Games and that an expenditure of $60,000 cash and $55,000 of in-kind be committed if the Games are awarded.

Section 8d

That Council increase the budget for the Oliver Woods Community Centre sound system upgrade in 2022 from $41,001 to $83,400 with the additional $42,399 in funding from the Facility Development Reserve Fund.
Section 8e

That Council increase the budget for the Park Avenue Sanitary Sewer Upgrades project in 2022 from $1,109,110 to $1,504,381 with the additional $395,271 in funding from the Sewer Operating Reserve.  

Section 8f

That the Finance and Audit Committee recommend that Council:

  1. Award a Permissive Tax Exemption for the 2022 taxation year to the Nanaimo Canadian Amateur Football Association for 6706 Dover Road; and
  2. Award a Permissive Tax Exemption Cash Grant with an approximate value of $890 for the 2022 taxation year for 6706 Dover Road.

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