Audit Committee - General


Meeting Info

Date:Wednesday, October 13, 2010
Start Time:2:00 PM
Location:Committee Room 2, 2nd Floor, City Hall, 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

Business Arising Out of Minutes

Nil

Public Presentations

Nil

Reports with Confidential Attachments

Nil

A meeting of the TTC Audit Committee was held on Thursday, October 14, 2010 commencing at 2:15 p.m. in Committee Room 2, 2nd Floor, City Hall, 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), V. Rodo (General Secretary), D. Beecroft (Chief Auditor), R. Cornacchia (General Manager – Operations), T. Baik (Chief Project Manager - Construction), D. Garisto (Manager – Property Development), J. Griffiths and C. DiMondo (City Auditor General’s Office) and F. Stanois (Co-ordinator – Secretariat Services) were present.

G. Thomas, President – Toronto Parking Authority was present for Item 7A.

B. Saundercook was in the Chair.

Declaration of Interest - Municipal Conflict of Interest Act

Nil

In-Camera Resolution

Nil

Minutes of the Previous Meeting

   A. Giambrone moved that the TTC Audit Committee approve the minutes of the meeting held on Thursday, July 15, 2010.  

Business Arising Out of the Minutes

Nil

Public Presentations

Nil

Reports with Confidential Attachments (Committee of the Whole)

Nil

Other Business

  1. Internal Audit Report – (July – September 2010)
  2. The Audit Committee received the report for information.

  3. Internal Audit Report – Track and Structure Department – Signals Section
  4. The Audit Committee received the report for information.

  5. Internal Audit Capital Report – Roofing Rehabilitation Program
  6. The Audit Committee received the report for information.

  7. Internal Audit Capital Report – On-Grade Paving Rehabilitation Program
  8. The Audit Committee received the report for information.

  9. Internal Audit Capital Report – Kipling Station Improvements
  10. The Audit Committee received the report for information.

  11. Internal Audit – 2011 Departmental Goals and Objectives
  12. The Audit Committee approved the Internal Audit 2011 Departmental Goals and Objectives noting that item 11 ‘Treasury Services’ should be amended to read ‘Payrolls and Costs’.

  13. Correspondence  
     A) Gwyn Thomas, President, Toronto Parking Authority

    The Audit Committee referred the foreoing correspondence to staff to continue discussions with respect to the current agreement with Toronto Parking Authority and report back as required.


  14. New Business
  15. NIL

     The meeting adjourned at 2:30 p.m. 

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