Consolidated
|
Agenda Summary | Consolidated |
Audit Committee |
| Meeting No. | 10 | Contact | Rosemary MacKenzie, Council Administrator | |
| Meeting Date |
Monday, March 2, 2009 |
Phone | 416-392-8021 | |
| Start Time |
9:30 AM |
rmacken@toronto.ca | ||
| Location |
Committee Room 1, City Hall
|
Chair | Councillor Doug Holyday |
| AU10.1 | ACTION |
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Ward: All |
| Election of Chair and Vice-Chair, Audit Committee |
| Background Information |
| Letter (January 30, 2009) from the City Clerk regarding the Audit Committee membership (http://www.toronto.ca/legdocs/mmis/2009/au/bgrd/backgroundfile-18954.pdf) |
| AU10.2 | ACTION |
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Ward: All |
| 2008 Annual Report – Fraud and Waste Hotline |
| Background Information |
| 2008 Annual Report - Fraud and Waste Hotline - staff report (January 15, 2009) from the Auditor General (http://www.toronto.ca/legdocs/mmis/2009/au/bgrd/backgroundfile-19077.pdf) Appendix 1 - 2008 Annual Report - Fraud and Waste Hotline, Auditor General's Office (http://www.toronto.ca/legdocs/mmis/2009/au/bgrd/backgroundfile-19078.pdf) |
| AU10.3 | ACTION |
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Ward: All |
| Auditor General’s Office – Benefits to the City of Toronto - Annual Report |
| Background Information |
| Auditor General's Office - Benefits to the City of Toronto, Annual Report - staff report (January 19, 2009) from the Auditor General (http://www.toronto.ca/legdocs/mmis/2009/au/bgrd/backgroundfile-19086.pdf) Appendix 1 - Auditor General's Office - Benefits to the City of Toronto (http://www.toronto.ca/legdocs/mmis/2009/au/bgrd/backgroundfile-19087.pdf) |
| AU10.4 | ACTION |
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Ward: All |
| Review of Management and Oversight of the Integrated Business Management System (IBMS) |
| Background Information |
| Review of Management and Oversight of the Integrated Business Management System (IBMS), staff report (January 16, 2009) from the Auditor General (http://www.toronto.ca/legdocs/mmis/2009/au/bgrd/backgroundfile-19132.pdf) Appendix 1- Review of Management and Oversight of the Integrated Business Management System (IBMS) (http://www.toronto.ca/legdocs/mmis/2009/au/bgrd/backgroundfile-19133.pdf) Appendix 2 - Management's Response to the Auditor General's Review (IBMS) (http://www.toronto.ca/legdocs/mmis/2009/au/bgrd/backgroundfile-19134.pdf) |
| AU10.5 | Information |
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| Fleet Review – Toronto Police Service |
| Background Information |
| Report (January 5, 2009) from the Acting Chair, TPSB, including Appendix A - Extract from TPSB Minutes Nov 20/08 meeting; Appendix 1 - "Fleet Review - Toronto Police Service" (Sept 26/08) by Auditor General's Office; and Appendix 2 - Mgmt Response (http://www.toronto.ca/legdocs/mmis/2009/au/bgrd/backgroundfile-18242.pdf) |
| AU10.6 | Information |
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Ward: All |
| Implementation of Recommendations Re: 2007 Ernst & Young's Investment Compliance Audit and the Auditor General's Treasury Management Review |
| Background Information |
| Implementation of Recommendations, 2007 Ernst & Young's Investment Compliance Audit and the Auditor General's Treasury Management Review, report (February 16/09) from the Acting DCM and CFO, and Appendix A - "Implementation of Audit Recommendations" (http://www.toronto.ca/legdocs/mmis/2009/au/bgrd/backgroundfile-19120.pdf) |
| AU10.7 | Information |
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Ward: All |
| Audits for Toronto Police Services Board Included in the Auditor General’s 2009 Work Plan |
| Background Information |
| Audits for Toronto Police Services Board included in the Auditor General's 2009 Work Plan - staff report (February 5, 2009) from the Auditor General (http://www.toronto.ca/legdocs/mmis/2009/au/bgrd/backgroundfile-19048.pdf) |
| AU10.8 | ACTION |
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Ward: All |
| Leaside Memorial Community Gardens Arena – 2007 Audited Financial Statements and Management Letter |
| Background Information |
| Leaside Memorial Community Gardens Arena - 2007 Audited Financial Statements and Management Letter, staff report (February 6, 2009) from the Auditor General (http://www.toronto.ca/legdocs/mmis/2009/au/bgrd/backgroundfile-19079.pdf) Appendix 1 - Financial Statements, Board of Management for the Leaside Memorial Community Gardens, December 31, 2007 (http://www.toronto.ca/legdocs/mmis/2009/au/bgrd/backgroundfile-19080.pdf) Appendix 2 - Management Letter (May 5, 2008) from Grant Thornton (http://www.toronto.ca/legdocs/mmis/2009/au/bgrd/backgroundfile-19081.pdf) |
| AU10.9 | ACTION |
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Ward: All |
| Business Improvement Areas (BIAs) - 2007 Audited Financial Statements - Report No. 3 |
| Background Information |
| Business Improvement Areas (BIAs) - 2007 Audited Financial Statements - Report No. 3, staff report (January 19, 2009) (http://www.toronto.ca/legdocs/mmis/2009/au/bgrd/backgroundfile-19041.pdf) Appendix A-1 - Church-Wellesley Business Improvement Area - 2007 Audited Financial Statements (http://www.toronto.ca/legdocs/mmis/2009/au/bgrd/backgroundfile-19042.pdf) Appendix A-2 - Church-Wellesley BIA - Management Letter (http://www.toronto.ca/legdocs/mmis/2009/au/bgrd/backgroundfile-19043.pdf) Appendix B-1 - Kingsway Business Improvement Area - 2007 Audited Financial Statements (http://www.toronto.ca/legdocs/mmis/2009/au/bgrd/backgroundfile-19044.pdf) Appendix B-2 - Kingsway BIA - Management Letter (http://www.toronto.ca/legdocs/mmis/2009/au/bgrd/backgroundfile-19045.pdf) Appendix C-1 - Mount Dennis Business Improvement Area - 2007 Audited Financial Statements (http://www.toronto.ca/legdocs/mmis/2009/au/bgrd/backgroundfile-19046.pdf) Appendix C-2 - Mount Dennis BIA - Management Letter (http://www.toronto.ca/legdocs/mmis/2009/au/bgrd/backgroundfile-19047.pdf) |
| (Deferred from November 4, 2008 - 2008.AU9.13) |
| AU10.10 | Information |
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Ward: All |
| Property Tax and Water Credit Balances |
| Background Information |
| Property Tax and Water Credit Balances - staff report (October 17, 2008) from the Acting Treasurer (http://www.toronto.ca/legdocs/mmis/2009/au/bgrd/backgroundfile-18200.pdf) |
| (Deferred from November 4, 2008 - 2008.AU9.15) |
| AU10.11 | Information |
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Ward: All |
| City of Toronto Pension Plans - Audited Financial Statements for Year Ending December 31, 2007 |
| Background Information |
| City of Toronto Pension Plans, Audited Financial Statements for Year Ending December 31, 2007 - staff report (October 17, 2008) from the Acting Treasurer (http://www.toronto.ca/legdocs/mmis/2009/au/bgrd/backgroundfile-18207.pdf) The Pension Fund of the Corporation of the City of York Employee Pension Plan - Financial Statements, December 31, 2007 (http://www.toronto.ca/legdocs/mmis/2009/au/bgrd/backgroundfile-18202.pdf) The Fund of the Metropolitan Toronto Pension Plan - Financial Statements, December 31, 2007 (http://www.toronto.ca/legdocs/mmis/2009/au/bgrd/backgroundfile-18203.pdf) The Fund of the Metropolitan Toronto Police Benefit Fund - Financial Statements, December 31, 2007 (http://www.toronto.ca/legdocs/mmis/2009/au/bgrd/backgroundfile-18204.pdf) The Fund of the Toronto Civic Employees' Pension and Benefit Fund - Financial Statements, December 31, 2007 (http://www.toronto.ca/legdocs/mmis/2009/au/bgrd/backgroundfile-18205.pdf) The Fund of the Toronto Fire Department Superannuation and Benefit Fund - Financial Statements, December 31, 2007 (http://www.toronto.ca/legdocs/mmis/2009/au/bgrd/backgroundfile-18206.pdf) |
| (Deferred from November 4, 2008 - 2008.AU9.16) |
| AU10.12 | Information |
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Ward: All |
| Toronto Community Housing Corporation - 2007 Audited Consolidated Annual Financial Statements |
| Background Information |
| Letter (July 22, 2008) from City Council - Toronto Community Housing Corp. 2007 Financial Statements (http://www.toronto.ca/legdocs/mmis/2009/au/bgrd/backgroundfile-18213.pdf) Consolidated Financial Statements - Toronto Community Housing Corp. December 31, 2007, including the Auditor's report (March 28, 2008) (http://www.toronto.ca/legdocs/mmis/2009/au/bgrd/backgroundfile-18214.pdf) Executive Committee Item EX22.10, adopted by City Council on July 15, 16 and 17, 2008 (http://www.toronto.ca/legdocs/mmis/2009/au/bgrd/backgroundfile-18215.pdf) |
| 12a | Toronto Community Housing Corporation - Investment Program |
| Background Information |
| Letter (February 25, 2009) from the Chief Operating Officer and Acting CEO, TCHC, reporting as requested by the Audit Committee, on the effects of current market conditions on TCHC investments and operations (http://www.toronto.ca/legdocs/mmis/2009/au/bgrd/backgroundfile-19381.pdf) |