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MINUTES - Audit Committee - 20180626 Town of Aurora Audit Committee Meeting Report Council Chambers, Aurora Town Hall Tuesday, June 26, 2018 Attendance Council Members Mayor Dawe in the Chair; Councillors Abel, Gaertner, Humfryes (arrived 6:19 p.m.), Kim (arrived 6:25 p.m.), Mrakas, Pirri, Thom, and Thompson Members Absent None Other Attendees Doug Nadorozny, Chief Administrative Officer, Dan Elliott, Director of Financial Services, Michael de Rond, Town Clerk, and Ishita Soneji, Council/Committee Secretary The Chair called the meeting to order at 6:17 p.m. 1. Approval of the Agenda Moved by Councillor Pirri Seconded by Councillor Gaertner That the agenda as circulated by Legislative Services be approved. 2. Declarations of Pecuniary Interest and General Nature Thereof There were no declarations of pecuniary interest under the Municipal Conflict of Interest Act. 3. Delegations None. Audit Committee Meeting Report Tuesday, June 26, 2018 Page 2 of 2 4. Consideration of Items Requiring Discussion 1. FS18-019 – 2017 Audited Financial Statements with Audit Report Mr. Dan Elliott introduced auditors, Ms. Giselle Bodkin and Ms. Andrea Nauss from BDO Canada LLP, and provided a brief overview of the report. Ms. Bodkin and Ms. Nauss presented an overview of the final audited financial statements and audit report for the Town, including best practice recommendations and summary of the audit process. Moved by Councillor Gaertner Seconded by Councillor Thompson 1. That Report No. FS18-019 be received; and 2. That the 2017 Audit Reports and Financial Statements for the year-ended December 31, 2017 be approved and published on the Town’s website; and 3. That the 2018 year-end audit plan as proposed by BDO Canada LLP be endorsed. Carried 5. Adjournment Moved by Councillor Pirri Seconded by Councillor Thom That the meeting be adjourned at 6:39 p.m. Carried _________________________________ _________________________________ Geoffrey Dawe, Mayor Michael de Rond, Town Clerk