Audit Committee - Toronto Coach Terminal Inc - October 21, 2011

Nil

Nil

Requests to speak must be registered in writing by 12:00 Noon of day preceding meeting day.

Nil

Nil

Nil

Nil

Nil

1. PricewaterhouseCoopers LLP 2010 Management Letter – Follow-up Report (FOR ACTION)

Nil

Present were Commissioners F. Di Giorgio and D. Minnan-Wong (TCTI Audit Committee), G. Webster (Chief General Manager), V. Rodo (General Secretary), D. Beecroft (Chief Auditor),  D. Dixon (Acting - General Manager – Operations), J. Sepulis (General Manager – Engineering & Construction), M. Roche (Chief Financial Officer), P. Buttigieg (Chief Accountant – Financial Services) and F. Stanois (Co-ordinator – Secretariat Services) were present.

D. Minnan-Wong was in the Chair.   

Nil

Resolution to conduct a portion of the meeting in the absence of the public (Committee of the Whole) in accordance with section 29 of the TTC by-law to govern Commission proceedings and Section 190 of the City of Toronto Act

Nil

Nil

Nil

On the motion moved by Commissioner Frank Di Giorgio, the TCTI Audit Committee approved the minutes of the meeting held on Tuesday, April 19, 2011.

Nil

Nil

Nil

Nil

Nil

Nil

Nil

Nil

1. PricewaterhouseCoopers LLP 2010 TTC Management Letter – Follow-up Report
   

     The Audit Committee:

   1. Received the follow-up report on the PricewaterhouseCoopers LLP (‘PWC’), management letter for information; and
   2. Approved the forwarding of this report to a regular meeting of the Commission for information and then to the Audit Committee of the City of Toronto.

Nil

Nil