HomeMy WebLinkAboutFinance & Corporate Services Committee - Terms of Reference - GOV-BOA-105Page 1 of 3
POLICY GOV-BOA-105
FINANCE & CORPORATE SERVICES
COMMITTEE - TERMS OF REFERENCE
Category
GOV -
Governance
Sub-category
BOA - Board &
Committee
Approval Type
COUNCIL
Department/Division
Finance & Corporate
Services Department,
Legislated Services
Division
Author and Position
City Clerk, Director of Legislated
Services
Date Approved
May 27, 2002
Last
Reviewed/Amended
November 18, 2024
Next Review Date
June 1, 2027
Related Policies or Procedures
• Municipal Act, 2001, S.O. 2001, c. 25.
Policy Purpose
The Finance and Corporate Services Committee is a designated Standing Committee of City
Council.
Definitions
To be included at next review.
Policy Scope
Application
☐ Employees (Indicate below which categories apply: All employees, Permanent full-time, Temporary full-time, Continuous part-
time, Casual, Probationary, Student, Management, Non-union) • Click or tap here to enter text.
☐ Unions (Indicate below which categories apply: All Unions, CUPE 68 Civic, CUPE 68 Mechanics, CUPE 791, IATSE, IBEW, KPFFA)
• Click or tap here to enter text.
☒ Council
☐ Specified Positions: Click or tap here to enter text.
☐ Other: Local Boards and Advisory Committees
Policy Content
Page 2 of 3
1. All members of Council shall sit as members of the Finance and Corporate
Services Committee and Council shall annually appoint from among its
members, a Chair and Vice-Chair.
2. The following specific, but not exclusive, items shall be considered as falling
within the Committee's mandate:
a) Operational and policy issues pertaining to the: Financial Services,
Corporate Services and the Chief Administrator’s Office;
b) Issues which are of an overriding financial, administrative or strategic
nature, irrespective of where a department routinely reports;
c) Review and submission to Council of the Annual Operating Budget and the
Ten Year Capital Forecast;
d) Financial and investment policies and practices;
e) Budgetary control;
f) Review of the Annual Financial Report and Auditor’s Report;
g) Approval of unbudgeted expenditures;
h) Setting of fees for service, rental and leases not falling under the Terms of
Reference of any other Committee;
i) Council and Committee Rules of Procedure; and,
j) The Committee shall provide the point of contact between Council
and:
k) Enova Power Corporation.
Results of Review
☐ No Edits Required
☐ Housekeeping Edits
☒ Substantial Edits
☐ Repeal/Replace
Policy History
Administrative and Housekeeping Changes
Date Nature of Change
2016-06-01 I-105 Policy template re-formatted to new numbering system and given
number GOV-BOA-105.
Page 3 of 3
Substantial Changes
Date Council/CLT Directive
2005-09-12 As Per Council/CLT Directive
2024-11-18 As Per Council/CLT Directive - Report COR 2024-018