Audit Committee

That the deputation and associated presentation from Wesley Anderson, Manager, Business Planning and Financial Services regarding the report dated April 15, 2024 entitled “2023 Audited Financial Statements” from the City Manager and Chief Administrative Officer, be received. Received 6.2 Item 9.2 - Maria Khoushnood, Partner, KPMG LLP and Wesley Anderson, Manager, Business Planning and Financial Services M. Khoushnood, spoke to the 2023 External Audit Findings Report and identified audit highlights; significant risks and results; misstatements; and additional matters. Councillor J. Horneck enquired about the asset retirement obligations, and asbestos remediation in fire halls. W. Anderson and Shari Lichterman, City Manager and Chief Administrative Officer (CAO) responded to questions. RECOMMENDATION AC-0006-2024 Moved By Councillor C. Fonseca That the deputation from Maria Khoushnood, Partner, KPMG LLP and Wesley Anderson, Manager, Business Planning and Financial Services regarding the report dated April 19, 2024 entitled “2023 External Audit Findings Report” from the City Manager and Chief Administrative Officer, be received Received 7. PUBLIC QUESTION PERIOD - 15 Minute Limit Public Comments: Members of the Public that have a question about an item listed on the agenda may pre-register by contacting the Legislative Coordinator at least 24 hours in advance of the meeting. Following the registered speakers, if time permits the Chair will acknowledge members of the public who w

That the corporate report dated April 15, 2024 entitled “2023 Audited Financial Statements” from the City Manager and Chief Administrative Officer be received for information. YES (4) Councillor C. Fonseca, Councillor J. Kovac, Councillor A. Tedjo, and Councillor J. Horneck ABSENT (1) Mayor (Vacant)

That the corporate report dated April 19, 2024 entitled “2023 External Audit Findings Report”, from the City Manager and Chief Administrative Officer, be received for information. YES (4) Councillor C. Fonseca, Councillor J. Kovac, Councillor A. Tedjo, and Councillor J. Horneck ABSENT (1) Mayor (Vacant)

That the report dated April 25 , 202 4 from the Director, Internal Audit with respect to final audit reports: City Manager’s Department, Legal Services Division, Risk Management Section – Insurance Claims Audit; and, Transportation & Works Department, Infrastructure Planning & Engineering Services Division, Capital Works Delivery Section – Third-Party Contract Administration Audit be received for information. YES (4) Councillor C. Fonseca, Councillor J. Kovac, Councillor A. Tedjo, and Councillor J. Horneck ABSENT (1) Mayor (Vacant)

That th e C orporate R eport dated April 18 , 202 4 entitled , “ S tatus of O utstanding A udit R ecommendations as of March 3 1 , 202 4 , ” from the City Manager & Chief Administrative Officer be received for information. YES (4) Councillor C. Fonseca, Councillor J. Kovac, Councillor A. Tedjo, and Councillor J. Horneck ABSENT (1) Mayor (Vacant)

That the following items were approved on the consent agenda:  9.1 2023 Audited Financial Statements  9.2 2023 External Audit Findings Report  9.4 Status of Outstanding Audit Recommendations as of March 31, 2024 YES (4): Councillor A. Tedjo, Councillor C. Fonseca, Councillor J. Kovac, and Councillor J. Horneck ABSENT (1): Mayor (Vacant)

That the corporate report dated April 15, 2024 entitled “2023 Audited Financial Statements” from the City Manager and Chief Administrative Officer be received for information. YES (4): Councillor A. Tedjo, Councillor C. Fonseca, Councillor J. Kovac, and Councillor J. Horneck ABSENT (1): Mayor (Vacant)

That the corporate report dated April 19, 2024 entitled “2023 External Audit Findings Report”, from the City Manager and Chief Administrative Officer, be received for information. YES (4): Councillor A. Tedjo, Councillor C. Fonseca, Councillor J. Kovac, and Councillor J. Horneck ABSENT (1): Mayor (Vacant)

That the report dated April 25, 2024 from the Director, Internal Audit with respect to final audit reports: Audit Committee - 2024/05/13 5 1. City Manager’s Department, Legal Services Division, Risk Management Section – Insurance Claims Audit; and, 2. Transportation & Works Department, Infrastructure Planning & Engineering Services Division, Capital Works Delivery Section – Third-Party Contract Administration Audit be received for information. YES (4): Councillor A. Tedjo, Councillor C. Fonseca, Councillor J. Kovac, and Councillor J. Horneck ABSENT (1): Mayor (Vacant)

That the Corporate Report dated April 18, 2024 entitled, “Status of Outstanding Audit Recommendations as of March 31, 2024,” from the City Manager & Chief Administrative Officer be received for information. YES (4): Councillor A. Tedjo, Councillor C. Fonseca, Councillor J. Kovac, and Councillor J. Horneck ABSENT (1): Mayor (Vacant)