Audit Committee

Approve minor amendments to the Audit Committee Terms of Reference as outlined in Appendix A of clerks department report CL-14-17.

Receive and file City Auditor’s Office report CA-09-17 providing the status of the audit work plan, budget and performance metrics as of April 30, 2017.

Receive and file City Auditor’s Office report CA-08-17 providing a summary of high- and medium-risk outstanding audit issues as of March 31, 2017.

Receive and file finance department report F-25-17 providing information on financial policies.

Receive and file finance department report F-26-17 providing information on financial results for Burlington Hydro Electric Inc.

Receive and file finance department report F-24-17 providing financial highlights for the period ending March 31, 2017.

Receive and file human resources department report HR-02-17, regarding occupational fraud.

Approve the 2016 Consolidated Financial Statements for the City of Burlington and the Local Boards, as audited by Deloitte LLP; and Approve the 2016 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.

Receive and file finance department report F-27-17 presenting information on the external audit results for 2016.

Receive and file information technology management audit assurance report presentation (A-01-17)

Defer the verbal update regarding the use of external consultants to the September 27, 2017 audit committee meeting.

Receive and file city manager’s office report CM-08-17 providing an update on enterprise risk management risk registry in the areas of financial sustainability, climate change and technology.

Move into closed session in accordance with the following provisions under the Municipal Act, sections 239 (a) the security of the property of the municipality or local board, with respect to finance department report F-27-17 regarding the external audit results for 2016 and with respect to human resources department report HR-02-17 regarding occupational fraud.