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HomeMy WebLinkAboutSpecial Council Minutes - September 28 2020 CAPE BRETON REGIONAL MUNICIPALITY Special Council Meeting Minutes Monday, September 28, 2020 3:08 p.m. Mayor Cecil P. Clarke called the meeting to order and noted the following participants in the Video/Teleconferencing: Present: Mayor Cecil P. Clarke Councillor Clarence Prince Councillor Earlene MacMullin Councillor Esmond Marshall Councillor Steve Gillespie Councillor Eldon MacDonald Deputy Mayor Ivan Doncaster Councillor Amanda McDougall Councillor George MacDonald Councillor Darren Bruckschwaiger Staff. Marie Walsh, Chief Administrative Officer Jennifer Campbell, Chief Financial Officer Deborah Campbell Ryan, Municipal Clerk John MacKinnon, Deputy Chief Administrative Officer Michael Ruus, Director of Planning & Development Adam MacNeil, Manager of Finance Sharon MacSween, Senior Administrative Assistant Tanya Nicholson, Recording Secretary Absent: Councillor Jim MacLeod (Regrets) Special Council Minutes September 28, 2020 Approved November 24, 2020 2 of 4 Summary of Decisions Roll Call 1. APPROVAL OF MINUTES: Motion to approve minutes from: • Council Meeting—July 14, 2020 Carried. 2. APPROVAL OF AGENDA: Motion to approve the September 28, 2020 Special Council Agenda as circulated. Carried. 3. BUSINESS ARISING: 3.1 Audit Committee—September 28, 2020 • Draft Audited Financial Statements for Year Ended March 31, 2020: Motion that Council approve and release the: • CBRM Consolidated Financial Statements for the Year Ended March 31, 2020 • CBRM Water Utility Financial Statements for the Year Ended March 31, 2020 • Audit Findings Report for the Year Ended March 31, 2020 Carried. Adiournment Special Council Minutes September 28 2020 Approved November 24, 2020 3 of 4 Roll Call 1. APPROVAL OF MINUTES: Motion: Moved by Councillor George MacDonald, seconded by Councillor Prince, approval of the Minutes from: ➢ Council Meeting—July 14, 2020 Motion Carried. 2. APPROVAL OF AGENDA: Motion: Moved by Councillor Gillespie, seconded by Councillor Bruckschwaiger, to approve the September 28, 2020 Special Council Agenda as circulated. Motion Carried. 3. BUSINESS ARISING: 3.1 Audit Committee—September 28, 2020 • Draft Audited Financial Statements for Year Ended March 31, 2020: Ms. Jennifer Campbell, Chief Financial Officer, advised that the 2019/2020 Annual Financial Report was presented at the Audit Committee Meeting held earlier today and was posted on the CBRM's website. Ms. Campbell provided a summary consisting of the following: • CBRM reported a slim operating surplus of $11,940 before the transition to the PSAB (Public Sector Accounting Board) format. • Water Utility reported an operating surplus of $2,797,414 which eliminates the Water Utility deficit. • CBRM's estimated borrowing is $11.1 million, bringing CBRM's debt to $71,602,103. • The auditors presented a clean audit report. • Audit Committee unanimously recommends to Council the approval of the audited CBRM Consolidated Financial Statements and the audited CBRM Water Utility Financial Statements for the year ended March 31, 2020. Continued... Special Council Minutes September 28 2020 Approved November 24, 2020 4 of 4 Audit Committee—September 28,2020-Draft Audited Financial Statements for Year Ended March 31,2020 (Cont'd): Motion: Moved by Councillor George MacDonald, seconded by Councillor Prince, to approve and release the: • CBRM Consolidated Financial Statements for the Year Ended March 31, 2020 • CBRM Water Utility Financial Statements for the Year Ended March 31, 2020 • Audit Findings Report for the Year Ended March 31, 2020 Motion Carried. Meeting adiourned at 3:15 p.m. Mayor Cecil P. Clarke Deborah Campbell Ryan /tcn Municipal Clerk