Audit Committee - Toronto Coach Terminal Inc - December 19, 2013


Meeting Info

Date:Wednesday, December 18, 2013
Start Time:11:30 AM
Location:Committee Room #2, 2nd Floor, Toronto City Hall
  • Agenda
  • Meeting Minutes

Members

  • John Parker
  • Peter Milczyn
  • Glenn De Baeremaeker  

Declaration of Interest - Municipal Conflict of Interest Act

Nil

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

 A correspondence summary will be distributed at the meeting. 
A meeting of the TCTI Audit Committee was held 11:40 a.m. on Thursday, December 19, 2013 in Committee Room 2, 2nd Floor, City Hall, Toronto in order to discuss business related to the Committee.

Present

Present were J. Parker and P. Milczyn (TCTI Audit Committee), V. Rodo (TCTI President/General Secretary), B. Leck (TCTI Vice-President and General Counsel), P. Buttigieg (TCTI Treasurer), K. Stintz, M. Adamson, M. Augimeri, Nick Di Donato (Directors - TCTI), A. Byford (TTC CEO), K. Lee (Head of Commission Services) and D. McDonald (Co-ordinator – Secretariat Services) were present.


J. Parker was in the Chair.

Declaration of Interest - Municipal Conflict of Interest Act

Nil

Minutes of the Previous Meeting

Commissioner Milczyn moved that the TCTI Audit Committee approve the minutes of the meeting held on Thursday, April 25, 2013.

Business Arising Out of the Minutes

Nil

Public Presentations

Nil

Notice 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 Presentations

Nil

1. Reports With Confidential Attachments (Committee Of The Whole)

Nil

2. Presentations

Nil

3. Other Business

  1. PricewaterhouseCoopers LLP 2012 Management Letter – Follow-up Report
    It is recommended that the Audit Committee:
    1. Receive the attached follow-up report on the PricewaterhouseCoopers LLP (“PWC”), management letter, for information; and
    2. Approve the forwarding of the attached report to a regular meeting of the TCTI Board for information; and
    3. Approve the forwarding of TCTI’s response to PWC’s management letter in a combined report for information, to the TTC Board and the Audit Committee of the City of Toronto.
      Approved

4. New Business

Nil

5. Correspondence

Nil


The meeting adjourned at 11:43 a.m.

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