Audit Committee - Toronto Coach Terminal Inc - April 30, 2012
Meeting Info
-
Agenda
-
Meeting Minutes
Members
- John Parker
- Peter Milczyn
- Glenn De Baeremaeker
Declaration of Interest - Municipal Conflict of Interest Act
Education/Training (TTC Procedural By-Law Section 29(B) and City of Toronto Act Section 190 (3.1)
Nil
Minutes of the Previous Meeting
Business Arising Out of Minutes
Nil
Public Presentations
Requests to speak must be registered in writing by 12:00 Noon of day preceding meeting day.
Notices of Motions
Nil
Motions Without Notice
Nil
Items of Which Notice has Previously Been Given
Nil
Items Deferred From Last Meeting to Permit Debate/Public Presentation
Nil
1. Reports with Confidential Attachments
Nil
2. Presentations
Nil
4. New Business
Nil
5. Correspondence
Nil
A meeting of the TCTI Audit Committee was held 1:40 p.m. on Monday, April 30, 2012 in Committee Room 3, 2nd Floor, City Hall, Toronto in order to discuss business related to the Committee.
Present
Present were Commissioners J. Parker, P. Milczyn & G. De Baeremaeker (TCTI Audit Committee), V. Rodo (President/General Secretary), J. Kennelly (Acting Chief Auditor), D. Dixon (TTC - Chief Operations Officer), M. Roche (TTC - Chief Financial Officer), P. Buttigieg (Treasurer), S. Tippett (TTC Superintendent – Financial Statements), A. Cassar (TTC Supervisor – Accounting Policy & Financial Reporting), T. Baik (TTC Chief Project Manager – Construction), D. Garisto (Director – Terminal Operations), J. Griffiths (City Auditor General), C. Russell and M. Walsh (PricewaterhouseCoopers) and D. McDonald (Co-ordinator – Secretariat Services) were present.
J. Parker was in the Chair.
In this section
Resolution to Conduct
Resolution To Conduct A Portion Of The Meeting In The Absence Of The Public (Committee Of The Whole) In Accordance With Section 29 Of The TTC By-Law To Govern Commission Proceedings And Section 190 Of The City Of Toronto Act
Nil
Minutes of The Previous Meeting
Commissioner De Baeremaeker moved that the TCTI Audit Committee approve the minutes of the meeting held on Friday, October 21, 2011.
3. Other Business
- PricewaterhouseCoopers LLP Audit Results Report on the Toronto Coach Terminal Inc. Consolidated Financial Statements for the Year Ended December 31, 2011
The Audit Committee:- Received the report from PricewaterhouseCoopers regarding the audit of the consolidated financial statements of the Toronto Coach Terminal Inc., for the year ended December 31, 2011, for information; and
- Approved forwarding the report to a special meeting of directors of the Toronto Coach Terminal Inc. on June 21, 2012 for information.
- Draft Consolidated Financial Statements of Toronto Coach Terminal Inc. for the Year Ended December 31, 2011
The audit committee:- Approved the draft consolidated financial statements of Toronto Coach Terminal Inc. (“TCTI”) for the year ended December 31, 2011; and
- Approved forwarding of the consolidated financial statements to the special meeting of directors of TCTI on June 21, 2012 for formal approval.