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MINUTES - General Committee - 20130409 TOWN OF AURORA SPECIAL GENERAL COMMITTEE MEETING REPORT AUDIT COMMITTEE Council Chambers Aurora Town Hall Tuesday, April 9, 2013 ATTENDANCE COMMITTEE MEMBERS Mayor Dawe in the Chair; Councillors Abel, Ballard, Buck (arrived 6:04 p.m.), Gaertner, Gallo, Humfryes (arrived 6:06 p.m.), Pirri, and Thompson MEMBERS ABSENT None OTHER ATTENDEES Chief Administrative Officer, Deputy Clerk/Manager of Administration, Director of Corporate and Financial Services/Treasurer, and Council/Committee Secretary The Chair called the meeting to order at 6:03 p.m. I DECLARATION OF PECUNIARY INTEREST AND GENERAL NATURE THEREOF There were no declarations of pecuniary interest under the Municipal Conflict of Interest Act. II APPROVAL OF THE AGENDA General Committee recommends: THAT the agenda as circulated by the Customer and Legislative Services Department be approved. CARRIED III DELEGATIONS (a) Giselle Bodkin, Partner, and Tyna Crockford, Manager, BDO Canada LLP Re: Item 1 – CFS13-014 – 2012 Year End Audit Plan Ms Bodkin and Ms Crockford advised of changes and significant developments in financial reporting and the standards of public accounting. Ms Bodkin highlighted aspects of their approach to the audit and how they will look at controls within the Town, as well as how the results will be communicated to the Audit Committee. She also advised of best practice recommendations for the Audit Committee. Special General Committee Meeting – Audit Committee Report Tuesday, April 9, 2013 Page 2 of 2 General Committee recommends: THAT the comments of the delegate be received for information. CARRIED Councillor Ballard left the meeting at 6:29 p.m. IV CONSIDERATION OF ITEMS 1. CFS13-014 – 2012 Year End Audit Plan General Committee recommends: THAT report CFS13-014 be received; and THAT the 2012 year end Audit Plan as proposed by BDO Canada LLP be endorsed; and THAT the Treasurer be authorized to approve additional fees up to a further 10% of the quoted fee for any additional works and efforts required of the auditor in the event of adverse findings, or required assistance to staff or similar costs are incurred. CARRIED V CLOSED SESSION None VI ADJOURNMENT General Committee recommends: THAT the meeting be adjourned at 6:41p.m. CARRIED MAYOR GEOFFREY DAWE CINDY MAHER, DEPUTY CLERK THE REPORT OF THE SPECIAL GENERAL COMMITTEE MEETING OF APRIL 9, 2013 RECEIVED FINAL APPROVAL AND COUNCIL ENDORSEMENT OF THE RECOMMENDATIONS ON APRIL 23, 2013.