Recommendation: That the following actions
be taken with respect to the engagement of PricewaterhouseCoopers (PwC) to
undertaken operational reviews of the Boards and Commissions:
a) pursuant
to section 13.7 of the Council Procedure By-law, the actions of the Municipal
Council taken at its meeting held on December 11, 2012, related to the
adoption of clause 4 of the 5th Report of the Audit Committee, concerning the
request and encouragement of the Boards and Commissions to engage the
services of PricewaterhouseCoopers for the purpose of an internal audit of their
existing processes BE RECONSIDERED;
b) the report dated May 23, 2013
regarding this matter BE RECEIVED;
c) the following letters attached
to the above–noted report BE RECEIVED:
(i) London
Police Services dated April 10, 2013;
(ii) London
Transit Commission, dated March 28, 2013;
(iii) London
Public Library, dated April 12, 2013; and,
(iv) Museum
London, dated March 31, 2013;
d) PricewaterhouseCoopers
LLP (PwC) BE AUTHORIZED to prepare an engagement letter for an operational
review of the London Transit Commission, on a project determined by PwC, in
consultation with London Transit, which is exclusive of London Transit’s
current initiatives underway; it being noted that the source of funding is
contained within the annual audit budget of $300,000;
e) any
demonstrable savings or efficiency gains resulting from the above-noted operational
review of the London Transit Commission BE APPLIED to the London Transit’s Long-term
Transit Growth Strategy;
f) PwC
LLP BE AUTHORIZED to prepare an engagement letter for an operational review
of the London Public Library, on a review of the Library’s sources of
revenue;
g)
the Civic Administration BE DIRECTED to request the London Police Services
Board to clarify their intention to undertake an audit of the London Police
Services in 2013; and,
h) future
audits for Boards and Commission BE CONSIDERED at future Audit Committee
meetings to determine the scope and timing of those engagements;
it being noted that on-going savings
achieved should assist in providing sustainable annual budget requests.
|