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MINUTES - General Committee - 20070522 TOWN OF AURORA SPECIAL GENERAL COMMITTEE - AUDIT COMMITTEE MEETING MINUTES NO. 07-25 Holland Room Aurora Town Hall Tuesday, May 22, 2007 ATTENDANCE COUNCIL MEMBERS Mayor Morris in the Chair; Councillors Buck, Collins- Mrakas, Gaertner, Granger, MacEachern, Marsh, McRoberts and Wilson. MEMBERS ABSENT None OTHER ATTENDEES Chief Administrative Officer, Director of Corporate Services/Town Clerk, Director of Building, Director of Leisure Services, Director of Planning, Acting Director of Public Works, Director of Financial Services/ Treasurer, Assistant Solicitor and Council/Committee Secretary. Mayor Morris called the meeting to order at 7:00 p.m. I DECLARATIONS OF PECUNIARY INTEREST none II APPROVAL OF AGENDA General Committee recommends: THAT the agenda, as circulated by the Corporate Services Department be approved. CARRIED III DELEGATIONS (a) Mr. John Gutteridge, Director of Financial Services/Treasurer Re: 2006 Financial Statements Mr. Gutteridge provided the committee with a review of the results of the 2006 Audit Report and financial statements, outlining and explaining various differences from the 2005 report. General Committee recommends: THAT the comments of the Director Financial Services/Treasurer be received for information. CARRIED Special General Committee Report No. 07-25 Page 2 of 2 Tuesday, May 22, 2007 (b) Mr. Alister Byrne, Grant Thornton, Auditors Re: 2006 Financial Statements Mr. Alister Byrne provided the committee with an overview of the audited financial statements for 2006. General Committee recommends: THAT the comments of Mr. Alister Byrne of Grant Thornton, Auditors, be received for information. CARRIED IV CONSIDERATION OF ITEMS REQUIRING SEPARATE DISCUSSION 1. FS07-021 – 2006 Financial Statements General Committee recommends: THAT the 2006 Audit report and financial statement for the year 2006 be received and be published in accordance with Section 295 of the Ontario Municipal Act. CARRIED V ADJOURNMENT General Committee recommends: THAT the meeting adjourn at 7:50 p.m. CARRIED THE REPORT OF THE SPECIAL GENERAL COMMITTEE - AUDIT COMMITTEE MEETING 07-25 IS SUBJECT TO FINAL APPROVAL AT COUNCIL ON TUESDAY, JUNE 12, 2007. _______________________________ ________________________________ PHYLLIS M. MORRIS, MAYOR BOB PANIZZA, TOWN CLERK