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MINUTES - Audit Committee - 20210622 1 Town of Aurora Audit Committee Meeting Report Date: Time: Location: Tuesday, June 22, 2021 6:15 p.m. Video Conference Council Members: Mayor Tom Mrakas (Chair) Councillor Wendy Gaertner (arrived 6:17 p.m.) Councillor John Gallo Councillor Rachel Gilliland Councillor Harold Kim Councillor Michael Thompson (arrived 6:17 p.m.) Members Absent: Councillor Sandra Humfryes Other Attendees: Doug Nadorozny, Chief Administrative Officer Allan Downey, Director of Operations Robin McDougall, Director of Community Services Techa van Leeuwen, Director of Corporate Services Rachel Wainwright-van Kessel, Director of Finance David Waters, Director of Planning and Development Services Eliza Bennett, Acting Manager, Corporate Communications Elizabeth Adams-Quattrociocchi, Manager, Financial Reporting and Revenues Jason Gaertner, Manager, Financial Management Laura Sheardown, Advisor, Financial Management Patricia De Sario, Town Solicitor Michael de Rond, Town Clerk Linda Bottos, Council/Committee Coordinator _____________________________________________________________________ 1. Procedural Notes This meeting was held electronically as per Section 19. i) of the Town's Procedure By-law No. 6228-19, as amended, due to the COVID-19 situation. 2 The Mayor called the meeting to order at 6:16 p.m. 2. Approval of the Agenda Audit Committee approved the agenda as circulated by Legislative Services. 3. Delegations None. 4. Consideration of Items Requiring Discussion 4.1 FIN21-032 - 2020 Audited Financial Statements and Audit Report Giselle Bodkin, Partner, and Emma Roy, Senior Manager, Assurance and Accounting, BDO Canada LLP, presented an overview of the 2020 audit report including audit findings, risks and internal controls, financial statements, and the 2021 planning report. Audit Committee recommends: 1. That Report No. FIN21-032 be received; and 2. That the 2020 Audit Reports and Financial Statements for the year ended December 31, 2020, be approved and published on the Town’s website; and 3. That the 2021 year-end audit plan as proposed by BDO Canada LLP be endorsed. Carried 5. Adjournment The meeting was adjourned at 6:46 p.m.