Audit Committee - General


Meeting Info

Date:Monday, July 13, 2009
Start Time:1:00 PM
Location:7th Floor Executive Boardroom, TTC Head Office, 7th Floor Boardroom, Toronto
  • Agenda
  • Meeting Minutes

Members

  • Adam Giambrone
  • Anthony Perruzza
  • Bill Saundercook  

Declaration of Interest - Municipal Conflict of Interest Act

Nil

In-Camera Resolution

Nil

Minutes of the Previous Meeting

April 20, 2009

Business Arising Out of Minutes

Nil

Public Presentations

Nil

Reports with Confidential Attachments

A meeting of the TTC Audit Committee was held on Tuesday, July 14, 2009 commencing at 1:55 p.m. in 7th Floor Executive Boardroom, TTC Head Office, 1900 Yonge Street, Toronto in order to discuss business related to the Commission.

Present

Present were B. Saundercook and A. Giambrone (TTC Audit Committee), G.M. Webster (Chief General Manager), R.G. Beecroft (Chief Auditor), V. Rodo (General Manager Executive & General Secretary), T. Baik (Chief Project Manager - Construction), M. Roche (Chief Financial Officer), D. Dixon (Deputy General Manager - Rail), A. Chocorlan (Deputy General Manager - Bus), K. Dean (Training & Support Services - Manager ), J. Teeple (Superintendent - Streetcar Way), S. MacDonald (Materials & Procurement - Manager), D. Hughes (Revenue Operations - Manager), L. Fice (Superintendent - System Security), and F. Stanois (Coordinator - Secretariat Services) were present.

B. Saundercook was in the Chair.

Declaration of Interest - Municipal Conflict of Interest Act

Nil

In-Camera Resolution

Commissioner Saundercook moved that the TTC Audit Committee approve a resolution to meet in-camera on Tuesday, July 14, 2009 to deal with litigation or potential litigation matters, labour relations or employee negotiations and to receive advice which is subject to solicitor-client privilege.  

Minutes of the Previous Meeting

Commissioner Giambrone moved that the TTC Audit Committee approve the minutes of the meeting held on Monday, April 20, 2009.  

Business Arising Out of the Minutes

Nil

Public Presentations

Nil

Reports with Confidential Attachments (Committee of the Whole)

1. Internal Audit Report - Revenue Operations

The Audit Committee:

  1. Received the confidential information as set out in confidential attachment 1;
  2. Noted that the information as set out in confidential attachment 1 remain confidential inits entirety as it contains information that involves the security of the property belonging to the commission.

Other Business

2. Internal Audit Report (January - June 2009)

The Audit Committee received for information the internal audit report covering the period January - June 2009.

3. Internal Audit Report - S/E/C - Electrical/Electrical Engineering/Practices and Procedures

The Audit Committee received the report for information.

4. Internal Audit Report - Materials & Procurement - Inventory Planning

The Audit Committee received the report for information.

5. Internal Audit Report - Training Department

The Audit Committee received the report for information.

6. Internal Audit Report - Station Operations and Collectors

The Audit Committee received the report for information.

7. Internal Audit Report - Streetcar Carhouse/Technical Services

The Audit Committee received the report for information.

8. Internal Audit Capital Report - Pre-cast Tunnel Lines Rehabilitation Project

The Audit Committee received the report for information.

9. Internal Audit Capital Report - Mid-Life Bus Rebuild Program

The Audit Committee received the report for information.

10. Internal Audit Capital Report - Reserved Transit Lanes on St. Clair Avenue

The Audit Committee received the report and management’s response for information.

11. Outstanding Audit Committee Items

The Audit Committee received the report for information the list of outstanding Audit Committee items for the period up to the including the meeting of April 20, 2009.

12. Draft Annual Report Toronto Transit Commission 2008

The Audit Committee approved the draft annual report of the Toronto Transit Commission for the year 2008.

New Business

Nil

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