MINUTES - General Committee - 20080624 TOWN OF AURORA
SPECIAL GENERAL COMMITTEE MEETING
AUDIT COMMITTEE MINUTES
NO. 08-27
Council Chambers
Aurora Town Hall
Tuesday, June 24, 2008
COUNCIL MEMBERS Mayor Morris in the Chair; Councillors Buck, Collins-
Mrakas, Gaertner, Gallo, Granger, MacEachern,
McRoberts and Wilson.
MEMBERS ABSENT None
OTHER ATTENDEES Chief Administrative Officer, Director of Corporate
Services/Town Clerk, Director of Leisure Services,
Director of Planning, Director of Public Works,
Director of Financial Services/Treasurer and
Council/Committee Secretary.
Mayor Morris called the meeting to order at 7:02 p.m.
I DECLARATIONS OF PECUNIARY INTEREST
There were no declarations of pecuniary interest under the Municipal Conflict of
Interest Act.
II APPROVAL OF AGENDA
General Committee recommends:
THAT the agenda as circulated by the Corporate Services Department be
approved as presented.
CARRIED
III DELEGATIONS
(a) Mr. John Gutteridge, Director of Financial Services/Treasurer
Re: 2007 Financial Statements
The Director of Financial Services/Treasurer provided an overview of the
results of the 2007 audit reports on the basis of the consolidated financial
position and statements.
(b) Mr. Alister Byrne, Grant Thornton, Auditors
Re: 2007 Financial Statements
Mr. Alister Byrne, of Grant Thornton Auditors, provided a detailed
summary of the process for conducting the 2007 financial statements audit
and he reviewed several significant findings and provided a comparison
with other similar municipalities to illustrate where the Town of Aurora
stands financially.
Special General Committee Report No. 08-27 Page 2 of 2
Tuesday, June 24, 2008
Mr. Byrne advised that the Town of Aurora has had a strong financial year
in 2007, and he outlined various precautionary measures and suggested
best practices which should be considered in order to maintain and uphold
the Town’s current and future financial success.
General Committee recommends:
THAT the comments of the delegates be received for information.
CARRIED
IV ITEMS REQUIRING SEPARATE DISCUSSION
1. FS08-026 – Year End Audited Financial Statements
General Committee recommends:
THAT the 2007 Audit Report and Financial Statements for the year 2007
be received and be published in accordance with Section 295 of the
Ontario Municipal Act.
CARRIED
2. AC08-001 – Internal Audit Report Building Administration
General Committee recommends:
THAT the Building Administration Audit Report be received; and
THAT appropriate action be taken to resolve all the issues identified and
outstanding.
CARRIED
V ADJOURNMENT
General Committee recommends:
THAT this meeting be adjourned at 7:59 p.m.
CARRIED
THE REPORT OF THE SPECIAL GENERAL COMMITTEE MEETING 08-27 WAS
CONSIDERED AND APPROVED BY COUNCIL AT ITS MEETING HELD ON
TUESDAY, JULY 15, 2008.
_______________________________ ________________________________
PHYLLIS M. MORRIS, MAYOR BOB PANIZZA, TOWN CLERK