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MINUTES - Audit Committee - 20160628 TOWN OF AURORA AUDIT COMMITTEE MEETING REPORT Council Chambers Aurora Town Hall Tuesday, June 28, 2016 ATTENDANCE COUNCIL MEMBERS Mayor Dawe in the Chair; Councillors Abel, Gaertner, Humfryes (arrived 6:13 p.m.), Mrakas, Pirri (arrived 6:07 p.m.), Thom, and Thompson (arrived 6:09 p.m.) MEMBERS ABSENT Councillor Kim OTHER ATTENDEES Doug Nadorozny, Chief Administrative Officer, Dan Elliott, Director of Corporate and Financial Services/Treasurer, Jason Gaertner, Manager, Financial Planning/Deputy Treasurer, Patty Thoma, Deputy Clerk, and Samantha Yew, Council/Committee Secretary The Chair called the meeting to order at 6:05 p.m. 1. DECLARATION OF PECUNIARY INTEREST AND GENERAL NATURE THEREOF There were no declarations of pecuniary interest under the Municipal Conflict of Interest Act. 2. APPROVAL OF THE AGENDA Audit Committee approved the agenda as circulated by Legal and Legislative Services. 3. DELEGATIONS (a) Giselle Bodkin, Partner, and Andrea Nauss, Manager, BDO Canada LLP Re: Item 1 – CFS16-024 – 2015 Year-End Audited Financial Statements and 2016 Year-End Audit Plan Ms. Bodkin and Ms. Nauss reviewed the details of the 2015 Year-End Audited Financial Statements and the 2016 Year-End Audit Plan. Audit Committee Meeting Report Tuesday, June 28, 2016 Page 2 of 2 4. CONSIDERATION OF ITEMS 1. CFS16-024 – 2015 Year-End Audited Financial Statements and 2016 Year- End Audit Plan Audit Committee recommends: THAT the delegation of Giselle Bodkin, Partner, and Andrea Nauss, Manager, of BDO Canada LLP, be received; and THAT Report No. CFS16-024 be received; and THAT the 2015 Audit Reports and Financial Statements for the year ended December 31, 2015, be approved and published in accordance with the Municipal Act, 2001, S.O. 2001, c25, Section 295, on the Town’s website; and THAT the 2016 year-end Audit Plan, as proposed by BDO Canada LLP, be endorsed. CARRIED 5. CLOSED SESSION None 6. ADJOURNMENT The meeting was adjourned at 6:36 p.m. GEOFFREY DAWE, MAYOR PATTY THOMA, DEPUTY CLERK THE REPORT OF THE AUDIT COMMITTEE MEETING OF JUNE 28, 2016, IS SUBJECT TO FINAL APPROVAL AND COUNCIL ENDORSEMENT OF THE RECOMMENDATIONS ON JULY 12, 2016.