Next Meeting
Finance and Revenue Advisory Committee
Date: Tuesday, January 14
Time: 9 a.m.
Location: In-person meeting in the Main Floor Conference Room, Municipal Hall
If you are interested in participating in this committee meeting, review instructions for public participation in committee meetings.
Purpose
The purpose of the Finance and Revenue Advisory Committee is to provide advice and recommendations to Council on:
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measures which may enhance the revenue opportunities of the District; and
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the District’s finances, including future budgets and financial plans, consistent with prudent fiscal management.
Role
With respect to revenue opportunities, the Committee will:
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Identify, advise, and make recommendations on new revenue generating streams that will facilitate in easing the tax burden on residents and businesses in the District of West Vancouver;
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Review the District’s land inventory and identify opportunities for the utilization/disposition/acquisition of lands for their marketability, potential revenue generation and community benefit, and make recommendations for revenue enhancement through additional appropriate uses of District land;
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Review the use of District assets by private interests to ensure that appropriate compensation is being received for such use, and make recommendations for change in this area if needed and possible; and
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Provide comment on business practices that might be appropriately adapted to the public sector to enhance revenues, and make recommendations to Council on their adoption.
With respect to the District’s finances, the Committee will:
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Provide advice and make recommendations concerning the District’s annual operating and capital budgets and property tax changes;
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Review the financial implications of major District projects and initiatives, and provide advice accordingly;
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Review and provide advice with respect to the District’s financial reserves and policies governing these reserves; and
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Review the District’s longer term financial plans and projections and provide advice accordingly.
Voting Members
Bob Chaworth-Musters, Frank Giffen, Joel James, Graham McIsaac, Cormac Okiely, Michael Paterson, John Robertson, and Don Smith
Council Representative
Mayor Sager and Councillor Watt
Staff Representative
Financial Services
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