Minutes - Audit Committee - 20250624
Town of Aurora
Audit Committee
Meeting Report
Date:
Time:
Location:
Tuesday, June 24, 2025
6:15 p.m.
Council Chambers, Aurora Town Hall
Council Members: Mayor Tom Mrakas (Chair)
Councillor Ron Weese
Councillor Rachel Gilliland
Councillor Wendy Gaertner (arrived 6:16 p.m.)
Councillor Michael Thompson
Councillor John Gallo
Councillor Harold Kim
Other Attendees: Doug Nadorozny, Chief Administrative Officer
Patricia De Sario, Director, Corporate Services/Town Solicitor
Robin McDougall, Director, Community Services
Marco Ramunno, Director, Planning and Development Services
Sara Tienkamp, Director, Operational Services
Rachel Wainwright-van Kessel, Director, Finance
Ishita Soneji, Deputy Town Clerk
Linda Bottos, Council/Committee Coordinator
_____________________________________________________________________
1. Call to Order
The Mayor called the meeting to order at 6:15 p.m.
2. Land Acknowledgement
The Committee acknowledged that the meeting took place on Anishinaabe lands,
the traditional and treaty territory of the Chippewas of Georgina Island,
recognizing the many other Nations whose presence here continues to this day,
the special relationship the Chippewas have with the lands and waters of this
territory, and that Aurora has shared responsibility for the stewardship of these
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June 24, 2025 2
lands and waters. It was noted that Aurora is part of the treaty lands of the
Mississaugas and Chippewas, recognized through Treaty #13 and the Williams
Treaties of 1923.
3. Approval of the Agenda
Audit Committee approved the revised 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
5.1 Shawn Deane, Resident; Re: Risk and Surpluses
Shawn Deane expressed concerns regarding the levels of reserve fund
balances and budget surpluses, and requested that residents be given the
opportunity for public consultation and detailed discussions on the 2026
Budget toward a zero per cent municipal property tax increase in 2026.
Audit Committee received the comments of the delegation for
information.
6. Consideration of Items Requiring Discussion
6.1 FIN25-035 - 2024 Audited Financial Statements and Audit Report
Maria Khoushnood, Lead Audit Engagement Partner, KPMG, presented an
overview of the audit findings report for the year ended December 31,
2024, including audit highlights, significant risks and results, accounting
policies and practices, and audit quality framework.
Audit Committee recommends:
1. That Report No. FIN25-035 be received; and
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June 24, 2025 3
2. That the 2024 Audit Report and Financial Statements for the year
ended December 31, 2024, be approved and published on the Town’s
website.
Carried
6.2 FIN25-037 - 2024 Year-End Operating and Capital Results - as of Dec. 31,
2024
Audit Committee recommends:
1. That Report No. FIN25-037 be received for information.
Carried
6.3 FIN25-036 - 2024 Aurora BIA Audit Report and Financial Statements
Audit Committee recommends:
1. That Report No. FIN25-036 be received; and
2. That the Aurora BIA’s 2024 Audit Report and Financial Statements for
the year ended December 31, 2024, be approved.
Carried
7. Adjournment
The meeting was adjourned at 7 p.m.