Audit Committee

That the deputation by Maria Khoushnood, Partner, KPMG Enterprise regarding Appendix 1 to the corporate report dated April 28, 2022 entitled "2021 External Audit Findings Report" be received. Received 6.2 Item 9.2 - Wesley Anderson, Manager, Financial and Treasury Services 1. 2021 Financial Results Presentation.pdf 2021 Audited Financial Statements Ms. Anderson provided an overview on the 2021 Audited Financial Statements and noted the financial position, assets, and liabilities as well as investments, technology, obligatory reserve funds, surplus, revenue, expenses, Safe Restart Funding Agreement and sustainable reporting. Members of Committee spoke to the matter and raised the following questions and concerns regarding the climate change impact, the difference between land improvements and land as well as tax penalties and assumed assets. Mr. Anderson and Jeff Jackson, Director of Finance and Treasurer responded to questions from the Committee. Item 9.2 was brought forward for discussion and was voted on. RECOMMENDATION AC-0005-2022 Moved By Councillor P. Mullin That the deputation and associated presentation by Wesley Anderson, Manager, Financial and Treasury Services regarding corporate report dated April 28, 2022 entitled "2021 Audited Financial Statements" be received for information. Received 7. PUBLIC QUESTION PERIOD - 15 Minute Limit Public Comments: Advance registration is required to participate and/or to make comments in the virtual public meeting. Any member of t

That the 2021 Audited Financial Statements for the City Of Mississauga (consolidated), City of Mississauga Public Library Board, Tourism Mississauga, City of Mississauga Trust Funds, Clarkson Business Improvement Area, Cooksville Business Improvement Area, Port Credit Business Improvement Area, Streetsville Business Improvement Area, Malton Business Improvement Area, and Enersource Corporation be received for information. YES (4) Mayor Crombie, Councillor Dasko, Councillor R. Starr, and Councillor P. Mullin ABSENT (1) Councillor Damerla

That the report dated April 22 , 202 2 from the Director, Internal Audit with respect to final audit reports: Transportation & Works Department, Infrastructure Planning & Engineering Services Division, Capital Works Delivery Section – Capital Works Project Management Audit; and, Corporate Services Department, Corporate Business Services Division, Procurement Services Section – High Value Acquisition Audit be received for information. YES (4) Mayor Crombie, Councillor Dasko, Councillor R. Starr, and Councillor P. Mullin ABSENT (1) Councillor Damerla

That the report dated April 27, 2022 from the Director, Internal Audit with respect to final audit report, Corporate Services Department, Information Technology Division, IT Security – NIST Cybersecurity Framework Assessment Audit, be received for information. YES (4) Mayor Crombie, Councillor Dasko, Councillor R. Starr, and Councillor P. Mullin ABSENT (1) Councillor Damerla

That the 2021 External Audit Findings Report, dated April 28, 2022 from the Commissioner of Corporate Services and Chief Financial Officer, which includes the Audit Findings Report from KPMG LLP for the fiscal year 2021 for the City of Mississauga, be received for information. Audit Committee - 2022 05 16 4 YES (4): Mayor Crombie, Councillor Dasko, Councillor P. Mullin, and Councillor R. Starr ABSENT (1): Councillor Damerla

That the report dated April 22, 2022 from the Director, Internal Audit with respect to final audit reports: 1. Transportation & Works Department, Infrastructure Planning & Engineering Services Division, Capital Works Delivery Section – Capital Works Project Management Audit; and, 2. Corporate Services Department, Corporate Business Services Division, Procurement Services Section – High Value Acquisition Audit be received for information. YES (4): Mayor Crombie, Councillor Dasko, Councillor P. Mullin, and Councillor R. Starr ABSENT (1): Councillor Damerla

That the report dated April 27, 2022 from the Director, Internal Audit with respect to final audit report, Corporate Services Department, Information Technology Division, IT Security – NIST Cybersecurity Framework Assessment Audit, be received for information. YES (4): Mayor Crombie, Councillor Dasko, Councillor P. Mullin, and Councillor R. Starr ABSENT (1): Councillor Damerla