Cariboo RD Finance/Budget Committee Highlights - Jan 13th, 2022 mtg

Present: 

Chair J. Glassford; Directors Sjostrom, Bachmeier, Massier, Forseth, Delainey, LeBourdais, Richmond, Wagner, Kirby, Macdonald, Bonnell (9:47am) and Simpson (10:12am)

Meeting called to order at 9:30am

The Chair recognized that the meeting was taking place on traditional Northern Shuswap territory

Meeting Agenda adopted

Minutes of the Committee meeting held on October 21st, 2021 were received/adopted

Business:

1) 2022 Quesnel-Hixon Subdivision Erosion Protection Works Service - 2022 Taxation

The Committee had before it a report from the Mgr of Emergency Programs/Disaster Resilience

Discussion ensued thereon 

Resolved -- 

That the agenda item summary from Stephanie Masun, Manager of Emergency Programs and Disaster Resilience, dated January 6, 2022, regarding the Quesnel-Hixon Subdivision Erosion Protection Works Service (1390) 2022 taxation, be received and that Staff be directed not to charge the parcel tax for this Service in the 2022 requisition year

2) Impacts of 2022 Assessment Increases in the Cariboo Regional District

The Committee had before it a report of the Chief Financial Officer

Discussion ensued thereon...

Resolved -- 

That the agenda item summary from Kevin Erickson, Chief Financial Officer, dated January 7th, 2022, regarding assessment increase impacts on the Cariboo Regional District, be received.

3) 2022 Insurance Renewal

The Committee had before it a report of the Chief Financial Officer

Discussion ensued thereon...

Resolved -- 

That the agenda item summary from Kevin Erickson, Chief Financial Officer, dated January 6th, 2022, regarding the renewal of the CRD’s insurance coverage, be received. Further, that staff be directed to increase Self Insured Retention on the Commercial General Liability to $50,000 and on the Property and Business Interruption coverage, increase the deductible for flood to $100,000 and 20%/$250,000 for earthquake and $50,000 be added to the Insurance Contingency Fund to allow for 3 claims in a year

4) 2022 – 2026 Provisional Five Year Financial Plan - Jan 13th, 2022 updates

The Committee had before it a report of the Chief Financial Officer

Discussion ensued thereon...

Resolved -- 

That the agenda item summary from Kevin Erickson, Chief Financial Officer, dated January 7th, 2022, regarding the 2022-2026 Five Year Financial Plan for the Cariboo Regional District with attached Provisional 2022 – 2026 Five Year Financial Plan reports, be received

The Committee adjourned at 11:12am