Audit Committee - Insurance Company Limited - June 22, 2015
Meeting Info
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Agenda
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Meeting Minutes
Members
- Chair Joe Mihevc
Vice Chair Denzil Minnan-Wong Shelley Carroll Brian Leck Michael Roche Vincent Rodo
Members
- Chair Joe Mihevc
Vice Chair Denzil Minnan-Wong Shelley Carroll Brian Leck Michael Roche Vincent Rodo
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)
a.
b.
Minutes of the Previous Meeting
Notices of Motions
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b.
Motions Without Notice
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b.
Items of Which Notice has Previously Been Given
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b.
Items Deferred From Last Meeting to Permit Debate/Public Presentation
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b.
1. Reports with Confidential Attachments
Nil
2. Presentations
4. New Business
5. Correspondence
Present
In this section
In this section
Minutes of Previous Meetings
- TTCICL Audit Committee Meeting No. 7 - June 24, 2014
The Audit Committee reviewed and approved the minutes of the above mentioned meeting and authorized the Chair and Secretary to sign the same.
3. Other Business
(a) PricewaterhouseCoopers LLP Audit Results - 2014
The audit report from PricewaterhouseCoopers LLP expressing their opinion on the 2014 financial statements was inadvertently omitted. S. Carroll noted that she cannot ask questions if the report is not included for review.
(b) Draft Financial Statements of TTC Insurance Company Limited For The Year Ended December 31, 2014
The Audit Committee received the draft financial statement for the year ended December 31, 2014 and recommended that the statement be forwarded to the Director’s Meeting for formal approval and to the City Manager.
(c) Appointment of External Auditors
The Audit Committee approved the following recommendations:
- Appoint PricewaterhouseCoopers LLP to perform the 2015 financial year-end audit of TTC Insurance Company Limited at a cost of $12,000 plus HST and;
- Forward this report to the Shareholders for approval.