Audit Committee

Refer finance department report (F-28-18) regarding financial results for Burlington Hydro Electric Inc for 2017 to the Committee of the Whole meeting of July 9, 2018.

Receive and file City Auditor’s report CA-08-18 providing summary of 2017 audit results.

Receive and file City Auditor’s Office report CA-09-18 providing a summary of the management action plans in progress to address high- and medium-risk issues as of April 30, 2018 as detailed in Appendix A.

Receive and file City Auditor’s Office report CA-12-18 providing the status of the 2017 audit work plan (Appendix A), status of the 2018 audit work plan (Appendix B), budget, and performance metrics (Appendix C) as of April 18, 2018.

Receive and file finance department report F-27-18 providing financial highlights for the period ending March 31, 2018

Receive and file finance department report F-29-18 presenting information on the external audit results for 2017.

Approve the 2017 Consolidated Financial Statements for the City of Burlington and the Local Boards, as audited by Deloitte LLP; and Approve the 2017 Financial Statements for the Trust Funds of the City of Burlington as audited by Deloitte LLP; and Authorize the Director of Finance to publish the statements on the City’s website; and Direct the Director of Finance to review the need to include local boards financial statements along with the City’s consolidated financial statements in the annual report brought to the audit committee and report back at the September 20, 2018 committee meeting. (SD-22-18)

Defer City Auditor's report (CA-07-18) regarding summary of audit results - Parking By-Law Enforcement to the Audit Committee on September 20, 2018

Receive and file information technology services report IT-03-18 providing an annual information technology assurance update.

Receive and file the following three items given due consideration by the Audit Committee.