Finance and Performance Committee

This Committee is responsible for:

1. Monitoring the performance and effectiveness of Council’s financial and non-financial activities against the Long Term Plan and Annual Plan;
2. Monitoring the performance of Council’s Investment Fund against the Statement of Investment Policy and Objectives and compliance with the Treasury Risk Management Policy; and
   1. Monitoring the performance and effectiveness of Council’s corporate services activities including oversight of the implementation of Council’s corporate performance frameworks.
   2. Monitoring performance of the Treasury management function, including investment and borrowing management.
   3. Approving the Statements of Intent and monitoring the performance of all Council Controlled Organisations and Council Organisations in which Council has a significant financial involvement.
   4. Receiving quarterly information on remuneration and reimbursement of expenses paid to each individual councillor, the Chief Executive and Directors.
   5. Considering quarterly (for information) a schedule of contracts and tenders let by the Tenders Board.
   6. Reviewing Council’s financial and non-financial performance and making recommendations on any forecast variances against the Annual Plan.
   7. Considering and making recommendations on the adoption of the Annual Report.
   8. Considering and making recommendations on delegation of authority to the Chief Executive and staff.
   9. Monitoring the performance of Council’s investment fund and making recommendations on any changes to the portfolio construction and management appointees after consideration of advice and recommendations from Council’s strategic investment advisor.
   10. Considering all multi-year contracts referred from the Tenders Board for contracts that:
       • Span multiple financial years, and
       • Commit Council funds (net of contributions from project partners) in excess of $2.0 million

       Such considerations recognise that these contracts bind the Council (and potentially future councils) to expenditure that has not yet been approved as part of an Annual Plan. Contracts entered into will be consistent with the strategic direction set in the Council’s current Long-Term Plan.

Membership: Cr Chris Hughes (Committee Chair), Cr Garry Reymer (Committee Deputy-Chair), Cr Robert Cookson, Cr Keith Holmes, Cr Tipa Mahuta, Cr Liz Stolwyk, Cr Noel Smith, Cr Angela Strange

Council Chair: Cr Warren Maher

Alternate for Council Chair: Deputy-Chair Cr Mich'eal Downard