Audit Committee - General - July 14, 2009

Nil

April 20, 2009

Nil

Nil

1. Internal Audit Report Revenue Operations 

2. Internal Audit Report (January - June 2009) (For Information)
3. Internal Audit Report - S/E/C - Electrical/Electrical Engineering/Practices and Procedures (For Information)
4. Internal Audit Report - Materials and Procurement - Inventory Planning (For Information)
5. Internal Audit Report Training Department (For Information)
6. Internal Audit Report - Station Operations and Collectors (For Information)
7. Internal Audit Report - Streetcar Carhouse/Technical Services (For Information)
8. Internal Audit Capital Report - Mid-Life Bus Rebuild Program (For Information)
9. Internal Audit Capital Report - Pre-cast Tunnel Lines Rehabilitation Project (For Information)
10. Internal Audit Capital Report - Reserved Transit Lanes on St. Clair Avenue (For Information)
11. Outstanding Audit Committee Items (For Information)
12. Draft Annual Report Toronto Transit Commission 2008 (For Information)
13. New Business

Present were B. Saundercook and A. Giambrone (TTC Audit Committee), G.M. Webster (Chief General Manager), R.G. Beecroft (Chief Auditor), V. Rodo (General Manager Executive & General Secretary), T. Baik (Chief Project Manager - Construction), M. Roche (Chief Financial Officer), D. Dixon (Deputy General Manager - Rail), A. Chocorlan (Deputy General Manager - Bus), K. Dean (Training & Support Services - Manager ), J. Teeple (Superintendent - Streetcar Way), S. MacDonald (Materials & Procurement - Manager), D. Hughes (Revenue Operations - Manager), L. Fice (Superintendent - System Security), and F. Stanois (Coordinator - Secretariat Services) were present.

B. Saundercook was in the Chair.

Nil

Commissioner Saundercook moved that the TTC Audit Committee approve a resolution to meet in-camera on Tuesday, July 14, 2009 to deal with litigation or potential litigation matters, labour relations or employee negotiations and to receive advice which is subject to solicitor-client privilege.  

Commissioner Giambrone moved that the TTC Audit Committee approve the minutes of the meeting held on Monday, April 20, 2009.  

Nil

Nil

1. Internal Audit Report - Revenue Operations

The Audit Committee:

1. Received the confidential information as set out in confidential attachment 1;
2. Noted that the information as set out in confidential attachment 1 remain confidential inits entirety as it contains information that involves the security of the property belonging to the commission.

2. Internal Audit Report (January - June 2009)

The Audit Committee received for information the internal audit report covering the period January - June 2009.

3. Internal Audit Report - S/E/C - Electrical/Electrical Engineering/Practices and Procedures

The Audit Committee received the report for information.

4. Internal Audit Report - Materials & Procurement - Inventory Planning

The Audit Committee received the report for information.

5. Internal Audit Report - Training Department

The Audit Committee received the report for information.

6. Internal Audit Report - Station Operations and Collectors

The Audit Committee received the report for information.

7. Internal Audit Report - Streetcar Carhouse/Technical Services

The Audit Committee received the report for information.

8. Internal Audit Capital Report - Pre-cast Tunnel Lines Rehabilitation Project

The Audit Committee received the report for information.

9. Internal Audit Capital Report - Mid-Life Bus Rebuild Program

The Audit Committee received the report for information.

10. Internal Audit Capital Report - Reserved Transit Lanes on St. Clair Avenue

The Audit Committee received the report and management’s response for information.

11. Outstanding Audit Committee Items

The Audit Committee received the report for information the list of outstanding Audit Committee items for the period up to the including the meeting of April 20, 2009.

12. Draft Annual Report Toronto Transit Commission 2008

The Audit Committee approved the draft annual report of the Toronto Transit Commission for the year 2008.

Nil