Audit Committee

Report

2nd Meeting of the Audit Committee

Wednesday, June 19, 2024 at 12:00 P.m. - 1:00 P.m.

Council Chambers - Please check the City website for additional meeting detail information. Meetings can be viewed via live-streaming on YouTube and the City Website.

The City of London is situated on the traditional lands of the Anishinaabek (AUh-nish-in-ah-bek), Haudenosaunee (Ho-den-no-show-nee), Lūnaapéewak (Len-ah-pay-wuk) and Attawandaron (Add-a-won-da-run).

We honour and respect the history, languages and culture of the diverse Indigenous people who call this territory home. The City of London is currently home to many First Nations, Métis and Inuit today.

As representatives of the people of the City of London, we are grateful to have the opportunity to work and live in this territory.

PRESENT:

• Councillors E. Peloza (Chair), 
• P. Cuddy, 
• and S. Stevenson 

ABSENT:

• J. Pribil 
• and I. Cheema 

ALSO PRESENT:

• ALSO PRESENT: S. Datars Bere, A. Barbon, I. Collins, M. Daley, K. denBok (KPMG), M. Galczynski, P. Ladouceur, J. Paradis, E. Pellarin (KPMG), M. Redden (KPMG), T. Pollitt, M. Schulthess, M. Shears, C. Smith, S. Swance, J. Taylor
   

  Remote Attendance:  P. Racco (MNP), C. Trollope (MNP)

   

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1.

Disclosures of Pecuniary Interest

That it BE NOTED that no pecuniary interests were disclosed.

2.

Consent

None.

3.

Scheduled Items

None.

4.

Items for Direction

4.1

2023 Financial Audit

Upon general consent with no objection being raised, pursuant to section 36.3 of the Council Procedure By-law, KPMG was permitted to speak an additional ten (10) minutes with respect to this matter.  

• Moved by: P. Cuddy
  Seconded by: S. Stevenson

  Upon general consent with no objection being raised, pursuant to section 36.3 of the Council Procedure By-law, KPMG was permitted to speak an additional ten (10) minutes with respect to this matter.  

   

  That, the following actions be taken with respect to the 2023 Financial Audit:
  
  a) the 2023 Financial Report of The Corporation of the City of London BE RECEIVED; it being noted that the Audit Committee received a presentation from the Director, Financial Services with respect to this matter; and
  
  b) the Audit Findings Report as prepared by KPMG for the year ending December 31, 2023, BE RECEIVED; it being noted that the Audit Committee received a presentation from KPMG with respect to this matter.

  
  
  
  Motion Passed

a.

Presentation - 2023 Consolidated Financial Report

b.

Audit Findings Report for the Year Ended December 31, 2023 - KPMG

4.2

Briefing Note from Internal Audit - MNP

• Moved by: S. Stevenson
  Seconded by: P. Cuddy

  That the communication from MNP, with respect to the briefing note from the internal auditor, BE RECEIVED.

  
  
  
  Motion Passed

4.3

Emergency Management Program Review - MNP

• Moved by: S. Stevenson
  Seconded by: P. Cuddy

  That the Internal Audit dated May 29, 2024 regarding the Emergency Management Program Review BE APPROVED.

  
  
  
  Motion Passed

4.4

Internal Audit Follow Up Activities Dashboard - MNP

• Moved by: P. Cuddy
  Seconded by: S. Stevenson

  That the communication from MNP, with respect to the internal audit follow up activities update dashboard, BE RECEIVED.

  
  
  
  Motion Passed

5.

Deferred Matters/Additional Business

None.

6.

Adjournment

• Moved by: P. Cuddy
  Seconded by: S. Stevenson

  That the meeting BE ADJOURNED.

  
  
  
  Motion Passed

  The meeting adjourned at 1:16 PM.