AUDIT COMMITTEE

DECLARATIONS OF INTEREST PURSUANT TO

THE MUNICIPAL CONFLICT OF INTEREST ACT.

  CONFIRMATION OF MINUTES OF MEETING OF APRIL 21, 1998.

 COMMUNICATIONS/REPORTS.

 1.MANAGEMENT LETTER - METROPOLITAN TORONTO CONVENTION & VISITORS ASSOCIATION FOR THE YEAR ENDED DECEMBER 31, 1997

 City Auditor

(April 2, 1998)

 Recommending that the management letter of the Metropolitan Toronto Convention & Visitors Association dated March 3, 1998, be received and forwarded to Council for information.

 (A)Mr. Kirk Shearer, President & CEO, Tourism Toronto

(April 22, 1998)

 Responding to the recommendations in the Management Letter dated April 2, 1998, from the City Auditor and explaining on how they will be implemented.

 2.1997 STATEMENTS OF THE METROPOLITAN TORONTO SINKING FUNDS

 Chief Financial Officer and Treasurer

(May 1l, 1998)

 Presenting the 1997 Financial Statements of the Metropolitan Toronto Sinking Funds to the Audit Committee and recommending that the Statements be received and forwarded to Council for information.

 3.CITY OF TORONTO YEAR 2000 PROJECT

 Commissioner of Corporate Services

(May 7, 1998)

 Providing the Audit Committee with an update on the Year 2000 Project activities and issues, and submitting the report (May 7, 1998) for information purposes only.

 4.1997 FINANCIAL AUDITS OF BLOORDALE VILLAGE BUSINESS IMPROVEMENT AREA AND GERRARD INDIA BAZAAR BUSINESS IMPROVEMENT AREA

 City Auditor

(May 6, 1998)

 Advising that due to circumstances standard audit reports for the Bloordale Village Business Improvement Area and Gerrard India Bazaar Business Improvement Area were not completed due to the fact that there were not adequate documentation available and recommending that this report be received for information.

  (A)Chief Financial Officer and Treasurer

(May 11, 1998)

 Presenting the 1997 Financial Statements of the Board of Governors of Exhibition Place to the Audit Committee, and recommending that the report be received and forwarded to Council for information.

 (B)Chief Financial Officer and Treasurer

(May 11, 1998)

 Presenting the 1997 Financial Statements of the Toronto Atmospheric Fund to the Audit Committee, and recommending that the report be received and forwarded to Council for information.

(C)Chief Financial Officer and Treasurer

(May 11, 1998)

 Presenting the 1997 Financial Statements of the various Business Improvement Areas as listed below, and the Parking Authority of Toronto, St. Lawrence Centre for the Performing Arts, Applegrove Community Centre and Moss Park Arena in the former City of Toronto to the Audit Committee, and recommending that the report (May 11, 1998) from the Chief Financial Officer and Treasurer be received and forwarded to Council for information:

 Bloor Bathurst Madison BIA

Bloor by the Park BIA

Bloor West Village BIA

Bloorcourt Village BIA

Corso Italia BIA

Danforth by the Valley BIA

Dovercourt Village BIA

Eglinton Way BIA

Elm Street BIA

Forest Hill Village BIA

Harbord Street BIA

Hillcrest Village BIA

Junction Gardens BIA

Little Italy BIA

Old Cabbagetown BIA

Parkdale Village BIA

Queen Broadview BIA

Roncesvalles Village BIA

St. Clair Gardens BIA

St. Lawrence Neighbourhood BIA

Upper Village BIA

Yonge Queen Dundas BIA

Gerrard India Bazaar BIA

Bloordale Village BIA

5.IN CAMERA

 USE OF CONSULTANTS AT MAIN TREATMENT PLANT

 Works and Utilities Committee

(March 25, 1998)

 Referred to the Audit Committee from its meeting of April 21, 1998, for consideration and report back by the City Auditor to the Audit Committee.

6.IN CAMERA

 NOVELL AUDIT RECOMMENDATIONS - CORPORATE INFORMATION AND TECHNOLOGY REPLY

 Commissioner of Corporate Services

(April 28, 1998)

 Responding to the audit carried out on the former Metro Novell based communications network, and submitting the report for information.

 (A)AUDIT REPORT - NOVELL NETWORK COMPUTER SYSTEM

 City Auditor.

(March 4, 1998)

 Recommending that the report (March 4, 1998) be received for information.