Finance and Performance Committee

Open Minutes

 

 

Date:                                     Wednesday 3 October 2018

Time:                                    9.33am

Venue:                                 Council Chambers, Civic Offices,
53 Hereford Street, Christchurch

 

 

Present

Chairperson

Deputy Chairperson

Members

Councillor Raf Manji

Deputy Mayor Andrew Turner

Councillor Vicki Buck

Councillor Jimmy Chen

Councillor Mike Davidson

Councillor Anne Galloway

Councillor Jamie Gough

Councillor Yani Johanson

Councillor Deon Swiggs

 

 

1 October 2018

 

 

 

Principal Advisor

Carol Bellette

General Manager Finance and Commercial

 

Aidan Kimberley

Committee and Hearings Advisor

941 6566

aidan.kimberley@ccc.govt.nz

www.ccc.govt.nz

To view copies of Agendas and Minutes, visit:
www.ccc.govt.nz/Council/meetingminutes/agendas/index

 


Finance and Performance Committee

03 October 2018

 

Part A        Matters Requiring a Council Decision

Part B         Reports for Information

Part C         Decisions Under Delegation

 

 

 

The agenda was dealt with in the following order.

1.   Apologies

Part C

Committee Resolved FPCM/2018/00054

Committee Decision

That the apologies from Mayor Dalziel and Mike Rondel, and apology for lateness from Deputy Mayor Turner be accepted.

Councillor Chen/Councillor Galloway                                                                                                                  Carried

 

2.   Declarations of Interest

Part B

There were no declarations of interest recorded.

 

3.   Confirmation of Previous Minutes

Part C

Committee Resolved FPCM/2018/00055

Committee Decision

That the minutes of the Finance and Performance Committee meeting held on Wednesday, 5 September 2018 be confirmed.

Councillor Manji/Councillor Gough                                                                                                                      Carried

 

4.   Public Forum

Part B

There were no public forum presentations.

5.   Deputations by Appointment

Part B

There were no deputations by appointment.

6.   Presentation of Petitions

Part B

There was no presentation of petitions.

Deputy Mayor Turner joined the meeting at 9:38am.

11. Regenerate Christchurch - Quarterly Performance Report for period 1 April to 30 June 2018

 

Committee Comment

Sue Sheldon, Chair of Regenerate Christchurch, and Jason Rivett, Regenerate Christchurch Corporate Services Manager, joined the table for this item.

 

Committee Decided FPCM/2018/00056

Part A

That the Finance and Performance Committee recommends that the Council:

1.         Notes Regenerate Christchurch’s performance for the period 1 April to 30 June 2018, updated to include key progress made through to September 2018.

Councillor Manji/Councillor Chen                                                                                                                         Carried

 

7.   Taiora QEII Recreation and Sport Centre Financial Close-Out Report

 

Committee Resolved FPCM/2018/00057

Part C

That the Finance and Performance Committee:

1.         Receive the specific information contained in the Financial Close-Out Report.

Councillor Galloway/Councillor Chen                                                                                                                  Carried

 

 

8.   Asset Management Programme Report

 

Committee Resolved FPCM/2018/00058

Part C

That the Finance and Performance Committee:

1.         Receives the information contained in this report and the August 2018 Portfolio Dashboard Report

2.         Confirms the monthly Portfolio Dashboard Project meets the Finance and Performance Committee needs.

Councillor Swiggs/Councillor Gough                                                                                                                    Carried

 


 

 

9.   Performance Reporting for August 2018

 

Committee Resolved FPCM/2018/00059

Part C

That the Finance and Performance Committee:

1.         Receive the information in the report.

Councillor Manji/Deputy Mayor                                                                                                                           Carried

 

 

10. Christchurch City Holdings Ltd - Annual Report 2017/18

 

Committee Comment

Leah Scales of Christchurch City Holdings Limited joined the table for this item.

 

Committee Decided FPCM/2018/00060

Part A

That the Finance and Performance Committee recommends that the Council:

1.         Notes the annual results for the Christchurch City Holdings Ltd Group for 2017/18, including net profit after tax of $135.7 million which is a 7.3% return on shareholders’ equity.

Councillor Manji/Councillor Chen                                                                                                                         Carried

 

12. Development Christchurch Ltd - Quarterly Progress Report, September 2018

 

Committee Comment

Rob Hall and Joel Lieschke of Development Christchurch Limited joined the table for this item.

 

Committee Decided FPCM/2018/00061

Part A

That the Finance and Performance Committee recommends that the Council:

1.         Receives Development Christchurch Ltd’s quarterly report dated September 2018.

Councillor Manji/Deputy Mayor                                                                                                                           Carried

 


 

 

13  Resolution to Exclude the Public

 

Committee Resolved FPCM/2018/00062

Part C

That Rob Hall, Joel Lieschke, Steve Clarke, Amelia Brereton and Michale Gale of Development Christchurch Limited remain after the public have been excluded for Item 15 of the public excluded agenda as they have knowledge that is relevant to that item and will assist the Committee.

AND

That at 10:48 the resolution to exclude the public set out on pages 189 to 190 of the agenda be adopted.

Councillor Manji/Deputy Mayor                                                                                                                              Carried

 

The public were re-admitted to the meeting at 11:49am.

 

   

Meeting concluded at 11:49am.

 

CONFIRMED THIS 31ST DAY OF OCTOBER 2018.

 

Councillor Raf Manji

Chairperson