Audit Committee

Meeting #:
Date:
Time:
-
Location:
Online Video Conference
Members Present
  • Mayor Bonnie Crombie
  • Councillor Stephen Dasko, Ward 1 (Vice-Chair)
  • Councillor Karen Ras, Ward 2
  • Councillor Ron Starr, Ward 6 (Chair)
  • Councillor Dipika Damerla , Ward 7 (Chair)

Staff Present

Paul Mitcham, City Manager and Chief Administrative Officer
Shari Lichterman, Commissioner of Corporate Services and Chief Financial Officer
Luis Souza, Director, Internal Audit

Jeff Jackson, Director of Finance and Treasurer

Wesley Anderson, Manager of Financial and Treasury Services 

Dayna Obaseki, Legislative Coordinator

1.
CALL TO ORDER
 

Councillor Damerla, Chair called the meeting to order at 9:30AM. 

2.
APPROVAL OF AGENDA
 

Approved (Mayor Crombie)

3.
DECLARATION OF CONFLICT OF INTEREST
 

Nil.

4.
MINUTES OF PREVIOUS MEETING
 

5.
DEPUTATIONS - Nil.
 

6.
PUBLIC QUESTION PERIOD - 15 Minute Limit
 

Public Comments: Advance registration is required to participate and/or to make comments in the virtual public meeting. Any member of the public interested in speaking to an item listed on the agenda must register by calling 905-615-3200 ext. 5425 or by emailing dayna.obaseki@mississauga.ca  by Thursday, September 16, 2021 before 4:00PM.

Pursuant to Section 42 of the Council Procedure By-law 0139-2013, as amended:

Audit Committee may grant permission to a member of the public to ask a question of Audit Committee, with the following provisions:

  1. Questions shall be submitted to the Clerk at least 24 hours prior to the meeting;
  2. A person is limited to two (2) questions and must pertain specific item on the current agenda and the speaker will state which item the question is related to;
  3. The total speaking time shall be five (5) minutes maximum, per speaker, unless extended by the Mayor or Chair; and
  4. Any response not provided at the meeting will be provided in the format of a written response.

No members of the public registered to speak. 

7.
MATTERS CONSIDERED
 

7.1
Final Audit Report: Corporate Services Department, Finance Division, Treasury Section – Investments Audit
This item has attachments. 

1.Corporate Report for Audit Report - Sept 20 2021 AC - 0566-2021.pdf
2.Apendix 1 - CPS Finance Div - Investments Audit Report.pdf
3.Presentation.pdf

Amy Truong, Senior Internal Auditor presented on Investments Audit outlining the background, scope, objectives, summary of observations and recommendations, as well as deactivating user access, cash flow tool, and contingency and succession plans. 

No discussion took place. 

  • RECOMMENDATIONAC-0008-2021
    Moved ByCouncillor Ras

    That the report dated September 2, 2021 from the Director, Internal Audit with respect to final audit report, Corporate Services Department, Finance Division, Treasury Section – Investments Audit, be received for information.

    YES (5)Mayor Crombie, Councillor Ras, Councillor R. Starr, Councillor Damerla, and Councillor Dasko
    Carried (5 to 0)

7.2
Status of Outstanding Audit Recommendations as of June 30, 2021
This item has attachments. 

1.Outstanding Audit Recommendations as of June 30, 2021 - 0565-2021.pdf
2.Appendix 1 - Sept 20 2021 AC.pdf
3.Appendix 2 - Sept 20 2021 AC.pdf

No discussion took place. 

  • RECOMMENDATIONAC-0009-2021
    Moved ByCouncillor Dasko

    That the Corporate Report dated August 30, 2021 from the City Manager & Chief Administrative Officer regarding the status of outstanding audit recommendations as of June 30, 2021 be received for information.

    YES (5)Mayor Crombie, Councillor Dasko, Councillor Ras, Councillor R. Starr, and Councillor Damerla
    Carried (5 to 0)

8.
ENQUIRIES
 

Nil.

9.
CLOSED SESSION - Nil.
 

10.
ADJOURNMENT
 

9:43 AM (Councillor Ras)

No Item Selected