Audit Committee

That the deputation by Maria Khoushnood, Partner, KPMG Enterprise regarding the corporate report dated April 28, 2023 entitled “2022 External Audit Findings Report”, from the Commissioner of Corporate Services and Chief Financial Officer, be received. Received 6.2 Item 9.2 - Wesley Anderson, Manager, Business Planning and Financial Services 1. 2022 Financial Results.pdf This matter was heard before item 6.1. Mr. Anderson presented the 2022 Audited Financial Statements. In response to questions raised by Councillor Tedjo, Mr. Anderson spoke to taxation; development charges; reserve funds and reserve fund planning. In response to questions raised by Councillor Fonseca, Mr. Anderson noted natural assets cannot be capitalized and spoke to the existing and future reporting process. In response to Councillor Horneck, Shari Lichterman, City Manager and CAO spoke to the rationale for determining how much money should be held annually with respect to Enersource. RECOMMENDATION AC-0005-2023 Moved By Councillor A. Tedjo That the deputation from Wesley Anderson, Manager, Business Planning and Financial Services regarding the corporate report dated April 28, 2023 entitled “2022 Audited Financial Statements” from the Commissioner of Corporate Services and Chief Financial Officer, be received. Received 7. PUBLIC QUESTION PERIOD - 15 Minute Limit Axel and Joan Breuer, residents, raised questions regarding the conclusions of KPMG as it relates to their whistleblower report. In response to Mr.

That the corporate report dated April 28, 2023 entitled “2022 External Audit Findings Report”, from the Commissioner of Corporate Services and Chief Financial Officer, be received for information. YES (4) Councillor C. Fonseca, Councillor J. Kovac, Councillor A. Tedjo, and Councillor J. Horneck ABSENT (1) Mayor Crombie

That the corporate report dated April 28, 2023 entitled “2022 Audited Financial Statements” for the City Of Mississauga (consolidated), City of Mississauga Trust Funds, City of Mississauga Public Library Board, Tourism Mississauga, Clarkson Business Improvement Area, Port Credit Business Improvement Area, Cooksville Business Improvement Area (unaudited), Streetsville Business Improvement Area Improvement Area, Malton Business Improvement Area (unaudited), and Enersource Corporation from the Commissioner of Corporate Services and Chief Financial Officer be received for information. YES (4) Councillor C. Fonseca, Councillor J. Kovac, Councillor A. Tedjo, and Councillor J. Horneck ABSENT (1) Mayor Crombie

That the report dated April 21 , 202 3 from the Director, Internal Audit with respect to final audit report, Planning & Building Department, Economic Development Office , Small Business Entrepreneurship & Innovation Section – Small Business Grants Management Audit, be received for information. YES (4) Councillor C. Fonseca, Councillor J. Kovac, Councillor A. Tedjo, and Councillor J. Horneck ABSENT (1) Mayor Crombie

That th e corporate r eport dated May 1 , 202 3 entitled “Status of Outstanding Audit R ecommendations as of March 31 , 20 23” from the Acting 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 Crombie

That the following items were approved under the consent agenda:  9.1 2022 External Audit Findings Report  9.2 2022 Audited Financial Statements  9.3 Final Audit Report: Planning & Building Department, Economic Development Office, Small Business Entrepreneurship & Innovation Section – Small Business Grants Management Audit YES (4): Councillor A. Tedjo, Councillor C. Fonseca, Councillor J. Kovac, and Councillor J. Horneck ABSENT (1): Mayor Crombie

That the corporate report dated April 28, 2023 entitled “2022 External Audit Findings Report”, from the Commissioner of Corporate Services and Chief Financial Officer, be received for information. YES (4): Councillor A. Tedjo, Councillor C. Fonseca, Councillor J. Kovac, and Councillor J. Horneck ABSENT (1): Mayor Crombie

That the report dated April 21, 2023 from the Director, Internal Audit with respect to final audit report, Planning & Building Department, Economic Development Office, Small Business Entrepreneurship & Innovation Section – Small Business Grants Management Audit, be received for information. YES (4): Councillor A. Tedjo, Councillor C. Fonseca, Councillor J. Kovac, and Councillor J. Horneck ABSENT (1): Mayor Crombie

That the corporate report dated May 1, 2023 entitled “Status of Outstanding Audit Recommendations as of March 31, 2023” from the Acting 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 Crombie