Audit and Risk Management Committee


Meeting Info

Date:Tuesday, July 19, 2016
Start Time:1:00 pm
Location:1900 Yonge Street,7th Floor Executive Boardroom
Meeting No:5
  • Agenda
  • Meeting Minutes

TTC Board Members

  • John Campbell (Chair)
  • Rick Byers
  • Vince Crisanti
  • Alan Heisey
  • Q.C., Ron Lalonde

Declarations of Interest - Municipal Conflict of Interest Act

Minutes of the Previous Meeting

Business Arising out of the Minutes

Public Presentations

Requests to speak must be registered by noon of the business day preceding meeting day.

Notice of Motions

Nil

Motions without Notice

Presentations/Reports/Other Business

  1. TTC Top Risks Update (This report contains confidential information about the security of property of the TTC) (For Action)
  2. Internal Audit Activities – Quarterly Update: Q2 2016 (For Information)

Meeting No.: 5
Meeting Date:  Wednesday, July 20, 2016

A meeting of the TTC Audit and Risk Management Committee was held in the 7th Floor Executive Boardroom at 1900 Yonge Street, Toronto, Ontario, on Wednesday, July 20, 2016 commencing at 1:15 p.m.

Committee Members 

Absent 
Rick Byers, Alan Heisey, Q.C. 

TTC Staff 
A. Byford, (Chief Executive Officer), J. Taylor (Chief of Staff), S. Reed Tanaka (Chief Capital Officer), M. Palmer (Acting - Chief Operating Officer), J. O’Grady (Chief Safety Officer),  R. Leary (Chief Service Officer), T. Bal (Head of Audit) C. Leach (Manager - Audit), M. Ismail (Principal Risk Advisor), J. Lee (Head Materials & Procurement), D. McDonald (Co-ordinator – Secretariat Services) and M. Balanco (Administrator – Secretariat Services) were present. 

External 
K. Lillyman (Chair’s Office) and D. Magisano (Mayor’s Office) were also present.  
J. Campbell was in the Chair.

Minutes of the Previous Meeting

Commissioner Lalonde moved that the Committee approve the minutes of the meeting held on Wednesday, May 25, 2016.
The motion by Commissioner Lalonde carried.

Business Arising Out of the Minutes 

Nil

Public Presentations 

Item No. 1. TTC Top Risks Update;

  • Bob Brent

The Committee received the deputation for information. (See Item No. 1 for minute)

Presentations/Reports/Other Business 

1. TTC Top Risks Update

M. Ismail reviewed the TTC Top Risks. The Committee opted not to meet in closed session and:
1) Received the information as set out in the Attachments;

2) Noted that confidential information as set out in Confidential Attachment (2) is to remain confidential in its entirety as it contains information about the security of the property of the TTC.

2. Internal Audit Activities – Quarterly Update: Q2 2016

T. Bal reviewed the Internal Audit Activities – Quarterly Update Q2 2016.
The Committee received this report for information.

The meeting adjourned at 2:07 p.m.

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