Meeting of Audit Committee - June 16, 2021
Meeting Info
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Agenda
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Meeting Minutes
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)
b.
Minutes of the Previous Meeting
Business Arising Out of Minutes
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Public Presentations
Requests to speak must be registered by noon of the business day preceding meeting day by submitting a request to commissionservices@ttc.ca. A final deputation list will be distributed at the meeting.
Presenters will participate by audio only and will be required to provide a telephone number on which they can be reached at the appropriate time. Presenters may submit a written deputation in advance of the meeting which will be circulated to the Board of Directors and staff.
Notices of Motions
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Motions Without Notice
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Items of Which Notice has Previously Been Given
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Items Deferred From Last Meeting to Permit Debate/Public Presentation
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Presentations/Reports/Other Business
1. Reports with Confidential Attachments
2. Presentations
3. Other Business
4. New Business
5. Correspondence
A correspondence summary will be distributed at the meeting.
Toronto Coach Terminal Inc. (TCTI) Audit Committee
Meeting Date:
Wednesday, June 16, 2021An electronic meeting of the Toronto Coach Terminal Inc. Audit Committee was held by video conference on Wednesday, June 16, 2021 commencing at 9:33 a.m.
Present at Public Session
B. Bradford, S. Carroll, J. De Laurentiis, R. Lalonde, J. McKelvie, D. Minnan-Wong, J. Osborne, J. Robinson (TCTI Directors), R. Leary (President and General Secretary, TCTI), A. Cassar (Treasurer, TCTI).
F. Jagdeo, C. Lai (TTC Commissioners)
TTC Staff: M. Atlas (General Counsel - Acting), K. Campbell (Chief Diversity & Culture Officer), G. Downie (Chief Capital Officer), B. Hasserjian (Chief Safety Officer - Acting), J. La Vita (Interim Chief Financial Officer), M. Madigan-Lee (Chief People Officer), F. Monaco (Chief of Infrastructure and Engineering), N. Poole-Moffatt (Chief of Corporate Affairs), J. Ross (Chief Operating Officer), J. Taylor (Chief of Staff), K. Watson (Deputy Chief Executive Officer), R. Wong (Chief Vehicles Officer), D. Mitchel (Solicitor), C. Finnerty (Director – Commission Services), A. Farnsworth (Co-ordinator – Secretariat Services) and J. Ishak (Administrator – Secretariat Services).
A. Cassar was in the Chair.
Declaration of Interest - Corporations Act
Nil
Minutes of the Previous Meeting
On a motion by Chair Lalonde, the Audit Committee reviewed and approved the minutes of the Audit Committee meeting held on Wednesday, June 17, 2020 and authorized the Chair and General Secretary to sign the same.
Business Arising Out of the Minutes
Nil
Public Presentations
Nil
Presentations/Reports/Other Business
1. Draft Consolidated Financial Statements of Toronto Coach Terminal Inc. for the year ended December 31, 2020 (For Action)
It is recommended that the TCTI Audit Committee:
- Approve the draft consolidated financial statements of Toronto Coach Terminal Inc. for the year ended December 31, 2020; and
- Approve the forwarding of the consolidated financial statements to the TCTI Board of Directors meeting on June 16, 2021 for formal approval; and to the City Manager, as requested by the City Council at its meeting held on May 8, 2012.
Approved
The meeting adjourned at 9:35 a.m.
Present
Reports
Presentations/Reports/Other Business
- Financial Report for Toronto Coach Terminal Inc. for the Accounting Period ending April 6, 2019
The TCTI Directors received this item for information. - General Banking Resolution
It is recommended that:
1. The Board approve the recommendations in the confidential attachment; and
2. That the information contained in the confidential attachment remain confidential in its entirety as it involves the security of the property of the municipality or local board.
Approved
The meeting adjourned at 9:44 a.m.