Audit Committee Meeting
Revised Agenda

Meeting #:
Date:	Wednesday, June 09, 2021
Time:	3:30 P.m. - 11:30 P.m.
Location:	Council Chambers - members participating remotely

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1.

Declarations of Interest:

2.

Delegation(s):

​Due to COVID-19 this meeting will be conducted as a virtual meeting. Only the chair of the meeting, along with a clerk and audio/visual technician, will be in council chambers, with all other staff, members of council and delegations participating in the meeting by calling in remotely. The meeting will be live webcasted, as usual, and archived on the city website.

Requests to delegate to this virtual meeting can be made by completing the online delegation registration form at www.burlington.ca/delegate or by submitting a written request by email to the Office of the City Clerk at by noon the day before the meeting is to be held. It is recommended that delegates include their intended remarks, which will be circulated to all members of the standing committee in advance, as a backup to any disruptions in technology issues that may occur. 

If you do not wish to delegate, but would like to submit feedback, please email your comments to [e-mail]. Your comments will be circulated to committee members in advance of the meeting and will be attached to the minutes, forming part of the public record.

3.

Consent Items:

Reports of a routine nature, which are not expected to require discussion and/or debate.  Staff may not be in attendance to respond to queries on items contained in the Consent Agenda.

3.1

Financial highlights for the period ended March 31, 2021 (F-21-21)

• Receive and file finance department report F-21-21 providing financial highlights as at March 31, 2021.

4.

Regular Items:

4.1

External Audit Results for the external audit for 2020 (F-22-21)

• Receive and file finance department report F-22-21 presenting information on the

  external audit results for 2020.

a.

Presentation from Trevor Ferguson and Erica Vervoort, Deloitte LPP regarding external audit results for the external audit for 2020 (F-22-21)

4.2

Report recommending approval of the 2020 consolidated financial statements as audited by Deloitte LLP (F-19-21)

• Approve the 2020 consolidated financial statements for the City of Burlington and the

  local boards, as audited by Deloitte LLP;

  Approve the 2020 financial statements for the trust funds of the City of Burlington as

  audited by Deloitte LLP; and

  Authorize the Chief Financial Officer to publish the statements on the City’s website.

a.

Staff presentation regarding report recommending approval of the 2020 consolidated financial statements as audited by Deloitte LPP (F-19-21)

4.3

Audit Committee subcommittee to review Terms of Reference (CL-19-21)

• Approve the creation of an Audit Committee subcommittee to review its terms of reference as outlined in the terms of reference document “Audit Committee Terms of Reference Subcommittee” as attached as appendix B to Office of the City Clerk report CL-19-21; and

  Appoint the following Audit Committee members to the Audit Committee Terms of Reference Subcommittee:

  • One Member of Council from Audit Committee
  • Two Community members from Audit Committee

  Appoint a Subcommittee Chair from the selected Audit Committee members.

4.4

Election of Chair and Vice-Chair

5.

Confidential Items:

Confidential reports may require a closed meeting in accordance with the Municipal Act, 2001. Meeting attendees may be required to leave during  the discussion.

5.1

Confidential Information security verbal update

Pursuant to Section 239(2)(a) of the municipal Act, the security of the property of the municipality or local board.

6.

Procedural Motions:

7.

Information Items:

8.

Staff Remarks:

9.

Committee Remarks:

10.

Adjournment: