TTC Insurance Company Limited - Conduct Review Committee Meeting - June 17, 2020
Meeting Info
-
Agenda
-
Meeting Minutes
Members
- Ron Lalonde (Chair)
- Brad Bradford
- Shelley Carroll
- Brian Leck
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
Nil
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. Presentations/Reports/Other Business
2. Presentations
Nil
3. Other Business
Nil
4. New Business
Nil
5. Correspondence
A correspondence summary will be distributed at the meeting.
TTC Insurance Company Limited Audit Committee
Meeting No.: 13 Meeting
Date: Wednesday, June 17, 2020
A virtual meeting of the Toronto Coach Terminal Inc. Special Meeting of Directors was held on Wednesday, June 17, 2020 commencing at 9:03 a.m. Present at Public Session R. Lalonde (Chair – TTCICL), S. Carroll, B. Bradford (TTCICL Members), B.M. Leck (General Counsel), M. Cosgrove (Secretary) TTC Staff: G. Downie (Chief Capital Officer), F. Monaco (Chief of Infrastructure & Engineering), N. Poole-Moffatt (Chief of Corporate Affairs), P. Kraft (Head of Property, Planning and Development), C. Finnerty (Manager, CEO Business Support, Council Relations), K. Lee (Director- Commission Services) and A. Farnsworth (Co-ordinator – Secretariat Services), T. Bal (Finance), A. Cassar (Finance). B. Leck was in the Chair.
Declaration of Interest - Municipal Conflict of Interest Act
Nil
Minutes of the Previous Meeting
The Audit Committee reviewed and approved the minutes of the Audit Committee Meeting No. 12 held on Wednesday, June 12, 2019 and authorized the Chair and General Secretary to sign the same.
Business Arising Out of the Minutes
Nil
Committee Of The Whole Resolution
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
Presentations/Reports/Other Business
(a) PricewaterhouseCoopers LLP Audit Results – 2019 The Audit Committee received the letter from PricewaterhouseCoopers LLP expressing their opinion on the 2019 financial statements.
(b) Draft Financial Statements of TTC Insurance Company Limited For The Year Ended December 31, 2019 The Audit Committee received the draft financial statement for the year ended December 31, 2019 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 KPMG LLP to perform the 2020 financial year-end audit of TTC Insurance Company Limited and;
- Forward this report to the Shareholders for approval.
The meeting adjourned at 9:06 a.m.
APPROVED