HomeMy WebLinkAboutAudit Minutes - 2022-06-20
Audit Committee Minutes
June 20, 2022, 1:30 p.m.
Electronic Meeting
Present: Mayor B. Vrbanovic
Councillor D. Chapman
Councillor S. Davey
Councillor K. Galloway-Sealock
Councillor J. Gazzola
Councillor B. Ioannidis
Councillor M. Johnston
Councillor S. Marsh
Councillor C. Michaud
Councillor D. Schnider
Councillor P. Singh
Staff: D. Chapman, Chief Administrative Officer
M. May, General Manager, Community Services and Deputy
Chief Administrator
V. Raab, General Manager, Corporate Services
J. Readman, General Manager, Development Services
J. Lautenbach, Chief Financial Officer, Financial Services
D. McGoldrick, General Manager, Infrastructure Services
R. Hagey, Director, Financial Planning
G. Demacio, Manager, Financial Reporting and Analysis
D. Saunderson, Deputy Clerk
S. Goldrup, Committee Administrator
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1. Commencement
The Audit Committee held an electronic meeting this date, commencing at 1:30
p.m.
2. Discussion Items
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2.1 2021 Audited Consolidated Financial Statements, FIN-2022-316
The Committee considered the Financial Services Department report FIN-2022-
316, dated June 14, 2022, regarding the 2021 Audited Consolidated Financial
Statements. G. Demacio presented the 2021 financial highlights, key financial
indicators, and the audit findings report prepared by KPMG. R. Hagey and J.
Lautenbach were also in attendance to respond to questions from the
Committee.
M. Betik and C. Cheal, KPMG, were in attendance to present their 2021 Audited
Financial Statement. M. Betik presented the audit highlights and responded to
questions from the Committee.
Staff responded to questions from the Committee.
On motion by Councillor S. Davey
It was resolved:
"That the 2021 Audited Consolidated Financial Statements of the
Corporation of the City of Kitchener be approved, as outlined in Financial
Services Department report FIN-2022-316."
Carried
3. Information Items
3.1 None.
4. Adjournment
On motion, this meeting adjourned at 2:15 p.m.
Sarah Goldrup,
Committee Administrator
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