HomeMy WebLinkAboutAudit Minutes - 2021-06-28AUDIT COMMITTEE MINUTES
June 28, 2021CITY OF KITCHENER
The Audit Committee held an electronic meetingthis date commencing at 10:32a.m.
Present:Mayor B. Vrbanovic-Chair
Councillors S. Davey, B. Ioannidis, D. Schnider,J. Gazzola,C. Michaud, K. Galloway-
Sealock, P. Singh, M.Johnston, D. Chapmanand S. Marsh.
Staff:D. Chapman, Chief Administrative Officer
M. May, Deputy CAO, General Manager, Community Services
J. Readman, General Manager, Development Services
J. Lautenbach, Chief Financial Officer, Financial Services
D. McGoldrick, General Manager, Infrastructure Services
V. Rabb,General Manager, Corporate Services
S. Brisbane, Manager,Financial Reporting and Analysis
C. Tasker, Internal Auditor
H. Fylactou, Acting Manager Council Committee Services / Deputy Clerk
D. Saunderson, Committee Administrator
1.FIN-2021-17 -2020 AUDITED CONSOLIDATED FINANCIAL STATEMENTS
The Committee considered,Financial Services Departmentreport FIN-2021-17, dated June
21,2021,regarding the 2020 Audited Consolidated Financial Statements.S. Brisbane
presented the Reportand responded to questions from theCommittee.
Tom Mennilland Courtney Cheal,KPMG,were in attendanceto present their 2020 Audited
Financial Statement. T. Mennill Presentedthe Reportand responded to questions from the
Committee.
On motion by CouncillorB. Ioannidis-
it was resolved:
“That the 2020 Audited Consolidated Financial Statements of the City of Kitchener, as
outlined in Financial Services Department reportFIN-2021-17,be approved.”
2.ACKNOWLEDGEMENT
Mayor B. Vrbanovic acknowledged S. Brisbane, Manager,Financial Reporting and Analysis,
congratulating heron her municipal service with the City of Kitchener and wished herwell in
his new role as Chief Financial Officerfor the Municipality of Dougall.
3.CAO-2021-3-2ND QUARTER AUDIT STATUS REPORT
The Committee consideredChief AdministrativeOffice report CAO-2021-3entitled “2nd
Quarter Audit Status Report”,dated June 16,2021,providing a summary of the internal audit
activities completed from Januaryto June2021, includingan audit on Procurementrelatedto
controls and compliance; and, consulting work onOMERS process mapping;Special Events
risk assessment framework; and, Building division strategy.C. Tasker presented the Report
and responded to questionsfrom the Committee.
On motion by CouncillorP. Singh-
it was resolved:
“ThatChief AdministrativeOffice reportCAO-2021-3, regarding the 2nd Quarter Audit
Status Report, be received for information.”
4.ADJOURNMENT
This meeting adjourned at 11:29a.m.
D.Saunderson
Committee Administrator