Finance and Audit Committee Meeting

"That the agenda for the June 3, 2025 Finance and Audit Committee be approved."

“That the Finance and Audit Committee, having considered the correspondence from the Township of Mulmur regarding 'Procurement Advocacy for Trade Agreement Exemptions’, recommend that County Council support this correspondence and direct staff to send a copy of this resolution to key stakeholders, including the stakeholders listed in the correspondence, as well as the MP for Northumberland - Clarke, MPP for Northumberland-Peterborough South, and Northumberland County’s 7 Member Municipalities.”

"That the Committee receive the 2024 Northumberland County Draft Financial Statements, Audit Reporting Letter and Representation letter for information; and Further That the Committee recommend that County Council receive these documents for information; and Further That the Committee recommend that County Council authorize the Warden and Director of Finance / Treasurer to sign the 'Management Report' section of the 2024 Northumberland County Draft Financial Statements; and Further That the Committee recommend that County Council identify this item for separate discussion at the June 18, 2025 County Council meeting, noting that the Director of Finance / Treasurer and Auditor will do a presentation regarding this item."

“That the Finance and Audit Committee receive Report 2025-120 ‘April 2025 Year-To-Date Financial Results’ for information; and Further That the Committee recommend that County Council receive this report for information.”

“That the Finance and Audit Committee receive Report 2025-121 ‘Procurement Activity Quarterly Report – Quarter 1, 2025 for information, noting that the Procurement By-law 21-2022 under section 4.2.2 requires the Purchasing Manager to provide a quarterly report to County Council that includes itemization of all purchases between $100,000 and $1,000,000; and include any over budget approvals up to 10% as authorized under section 6.2; and Further That the Committee recommend that County Council receive this report for information.”

“That the Finance and Audit Committee receive Report 2025-122 ‘2024 Investment Report’ for information; and Further That the Committee recommend that County Council receive this report for information.”

“That the Finance and Audit Committee, having considered Report 2025- 123 ‘2026 Budget Update and Levy Target’, recommend that County Council approve a 2026 target levy increase of 5%; and Further That the Committee recommend that County Council direct the Treasurer to place $2,000,000 (of the 2024 surplus) in the Rate Stabilization Reserve for potential use in the 2026 budget; and Further That the Committee recommend that County Council direct the Treasurer to place the balance of the of the 2024 surplus ($2,565,559) in the County General Reserve to be used for the Golden Plough Lodge (GPL) and Northumberland County Archives and Museum (NCAM) redevelopment project; and Further That the Committee recommend that County Council identify this item for separate discussion at the June 18, 2025 Council meeting.”

“That the Finance & Audit Committee receive the verbal discussion regarding funding for emergencies for information.”