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MINUTES - Audit Committee - 20220628 (2) 1 Town of Aurora Audit Committee Meeting Report Date: Time: Location: Tuesday, June 28, 2022 6:15 p.m. Council Chambers, Aurora Town Hall Council Members: Mayor Tom Mrakas (Chair) Councillor Wendy Gaertner* Councillor John Gallo Councillor Rachel Gilliland Councillor Harold Kim Councillor Michael Thompson Members Absent: Councillor Sandra Humfryes Other Attendees: Doug Nadorozny, Chief Administrative Officer Techa van Leeuwen, Director of Corporate Services Rachel Wainwright-van Kessel, Director of Finance Elizabeth Adams-Quattrociocchi, Manager of Financial Reporting and Revenue/Deputy Treasurer Jason Gaertner, Manager, Financial Management Michael de Rond, Town Clerk Linda Bottos, Council/Committee Coordinator *Attended electronically _____________________________________________________________________ 1. Call to Order The Mayor called the meeting to order at 6:16 p.m. 2. Land Acknowledgement The Committee acknowledged that the meeting took place on the Anishinaabe lands, the traditional and Treaty #20 territories of the Chippewas of Georgina Island, recognizing the many other Nations whose presence here continues to 2 this day and that Aurora has shared responsibility for the stewardship of this land. It was noted that Aurora is part of the treaty lands of the Mississaugas of the Credit, recognized through Treaty #13 and the Williams Treaties of 1923. 3. Approval of the Agenda Audit Committee approved the agenda as circulated by Legislative Services. 4. Declarations of Pecuniary Interest and General Nature Thereof There were no declarations of pecuniary interest under the Municipal Conflict of Interest Act, R.S.O. 1990, c. M.50. 5. Delegations None. 6. Consideration of Items Requiring Discussion 6.1 FIN22-024 - 2021 Audited Financial Statements and Audit Report Giselle Bodkin, Partner, and Andrea Nauss, Manager, Assurance and Accounting, BDO Canada LLP, presented an overview of the 2021 audit report including materiality, audit findings, risks and internal controls, draft auditor's report, year-end report, and financial statements. Audit Committee recommends: 1. That Report No. FIN22-024 be received; and 2. That the 2021 Audit Reports and Financial Statements for the year ended December 31, 2021, be approved and published on the Town’s website. Carried 6.2 FIN22-022 - 2021 Year-end Operating and Capital Results - As of Dec. 31, 2021 Audit Committee recommends: 1. That Report No. FIN22-022 be received for information. Carried 3 7. Adjournment The meeting was adjourned at 6:45 p.m.