TTC Audit and Risk Management Committee - December 12, 2019
Meeting info
Date:Thursday, December 12, 2019
Start Time:8:00 a.m.
Location:Committee Room 2, Toronto City Hall
Meeting No:0019
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Agenda
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Meeting Minutes
TTC Board Members
TTC Board Members
- Ron Lalonde (Chair)
- Joanne De Laurentiis
- Alan Heisey, Q.C.
TTC Board Members
TTC Board Members
- Ron Lalonde (Chair)
- Joanne De Laurentiis
- Alan Heisey, Q.C.
Declarations of Interest – Municipal Conflict of Interest Act
Resolution – Committee of the Whole
That the Committee recess as the Committee of the Whole to deal with litigation or potential litigation matters, labour relations, employee negotiations, security of the property, to receive advice which is subject to solicitor client privilege and for the purpose of education/training.
Minutes of the Previous Meeting
Meeting No. 18 held on Monday, September 19, 2019
Business Arising Out of the Minutes
Public Presentations
Requests to speak must be registered by noon of the business day preceding meeting day. A final deputation list will be distributed at the meeting.
Presentations/Reports/Other Business
- Audit, Risk and Compliance: Work-in-Progress Status Update (For Action)
- Audit, Risk and Compliance: Capital Contract Reviews (For Action)
- Audit, Risk and Compliance: Emergency Management Program Update (For Action)
- PricewaterhouseCoopers LLP Consolidated Financial Audit Plan for the Year Ended December 31, 2019 (For Action)
A meeting of the TTC Audit & Risk Management Committee was held in Committee Room 2, Toronto City Hall, 100 Queen Street West, Toronto, Ontario on Thursday, December 12, 2019 commencing at 8:11 a.m.
Present at Closed Session
Present at Public Session
J. De Laurentiis, R. Lalonde and A. Heisey, Q.C. (Members), R. Leary (Chief Executive Officer) J. La Vita (Interim Chief Financial Officer), B. Leck (General Counsel), F. Monaco (Chief of Infrastructure and Engineering), J. O’Grady (Chief Safety Officer), S. Reed Tanaka (Chief Capital Officer), J. Ross (Chief Operating Officer), J. Taylor (Chief of Staff), R. Wong (Chief Vehicle Officer), T. Bal (Head – Audit, Risk and Compliance), M. Verbeek (Director – Emergency Management), C. Finnerty (Manager – CEO Business Support & Council Relations – acting), K. Lee (Head of Commission Services) and A. Farnsworth (Coordinator – Secretariat Services) were present.
R. Lalonde was in the Chair.
R. Lalonde was in the Chair.
In this section
In this section
Minutes of the Previous Meeting
Commissioner Heisey moved that the Audit & Risk Management Committee approve the minutes of the meeting held on Thursday, September 19, 2019.
The motion by Commissioner Heisey carried.
The motion by Commissioner Heisey carried.
Order Paper
Chair Lalonde moved that the Committee alter the Order Paper such that Item No. 4 will be considered first.
The motion by Chair Lalonde carried.
Presentations/Reports/Other Business
1. Audit, Risk and Compliance: Work-in-Progress Status Update
It is recommended that the TTC Audit and Risk Management Committee:
- Receives this report for information.
Approved
2. Audit, Risk and Compliance: Capital Contract Reviews
It is recommended that the TTC Audit and Risk Management Committee:
- Receives this report for information.
Approved
3. Audit, Risk and Compliance: Emergency Management Program Update
Chair Lalonde moved the following motion:
That the recommendation in the staff report be amended, as follows:
It is recommended that the TTC Audit and Risk Management Committee:
- Receive this report for information.
- Recommend that the TTC Board direct staff to report back to the Audit & Risk Management Committee no later than Q3 2020 on the progress made on the initiatives and next steps identified in this report.
The motion by Chair Lalonde carried, and the main motion was adopted as amended.
Approved
4. PricewaterhouseCoopers LLP Consolidated Financial Audit Plan for the Year Ended December 31, 2019
Terri McKinnon, Pricewaterhouse Coopers LLP was present for this item.
It is recommended that the TTC Audit and Risk Management Committee:
- Receive this report for information.
Approved
The meeting adjourned at 9:30 a.m.