3RD REPORT OF THE
Audit
Committee
meeting held on June
28, 2012, commencing at 3:30 PM, in Committee Room #3, Second Floor, London
City Hall.
PRESENT: Councillor P. Hubert (Chair),
Councillors M. Brown and N. Branscombe and W. DeShane and B. Westlake-Power
(Secretary).
ABSENT: Councillor J. Swan.
ALSO PRESENT: T. Dobbie, A.L.
Barbon, J. Braam, G. Bridge, C. Clendenning (PwC), M. Daley, K. denBok (KPMG),
J. Edward, P. Foto, S. Gillfilan (PwC), M. Hayward, S. Houde, I. Jeffreys
(KPMG), J. Lawrence, I. Mackay, V. McAlea Major, T. Rauch, I. Sadler (PwC), C.
Shah (PwC), S. Swance and M. Turner.
1.
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That it BE NOTED that no pecuniary
interests were disclosed.
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Recommendation: That the 2nd Report of the
Audit Committee, from its meeting held on February 1, 2012, BE RECEIVED.
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Recommendation: That, on the
recommendation of the Director of Municipal Housing, the report, dated June
28, 2012, with respect to an update on the PricewaterhouseCoopers Internal
Audit of Community Services - Housing Division, BE RECEIVED.
(2012-A04-00)
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Recommendation: That, on the
recommendation of the City Treasurer, Chief Financial Officer, the report
dated June 28, 2012 with respect to the steps planned to develop a City of
London brownfield administration policy BE RECEIVED; it being noted
that the policy is intended to address issues raised to the Finance and
Administrative Services Committee in January 2012, as well as respond to the
internal auditor’s report of December 7, 2011. (2012-A04-00)
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Recommendation: That, on the
recommendation of the City Treasurer, Chief Financial Officer, the report
dated June 28, 2012 with respect to the engagement of PricewaterhouseCoopers
by the Housing Division for the completion of an operational review of the London
& Middlesex Housing Corporation (LMHC), BE RECEIVED; it being
noted that the review is at the request of the Board of the LMHC.
(2012-C03-00)
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Recommendation: That, on the
recommendation of the Deputy City Treasurer, the following amendments to the
Three-Year Internal Audit Plan of PricewaterhouseCoopers, BE APPROVED:
a) the
Health and Safety audit be brought forward to 2012, from 2013;
b) the
Grants and Loans audit be moved to 2013, from 2012. (2012-A04-00)
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8.
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2011 Financial
Audit
(Secretary's Note:
The City of London - 2011 Financial Report and Audit Findings Report for the
year ending December 31, 2011, are available for viewing in the City Clerk’s
Office.)
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Recommendation: That the following actions
be taken with respect to the 2011 Financial Audit and Audit Findings Report
2011, as prepared by KPMG:
a)
the
2011 Financial Report of The Corporation of the City of London BE RECEIVED;
and,
b)
the
Audit Findings Report for the year ending December 31, 2011 BE RECEIVED;
it being noted that the Audit Committee
received the attached presentation from the Deputy City Treasurer and
a verbal presentation from KPMG with respect to these matters. (2012-A04-00)
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Recommendation: That the following actions
be taken with respect to the Quarterly Report on Internal Audit Results,
dated June 28, 2012, from PricewaterhouseCoopers:
a)
Community
Services – Financial Management – the Action Plans included as Appendix ‘A’
of the above-noted report BE IMPLEMENTED; it being noted that the
implementation dates for some items are not applicable due to the cost of the
implementation having been determined to be prohibitive to any potential
benefit; and,
b)
Planning,
Environmental & Engineering Services – Contract & Tendering
Administration –
i)
the
Action Plans included as Appendix ‘B’ of the above-noted report BE
IMPLEMENTED; and,
ii)
the
Interim City Manager BE DIRECTED to bring forward a report as soon as
possible with respect to a project approval process for tenders, with such
report to outline the practices and policies utilized by other municipalities.
(2012-A04-00)
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None.
(Confidential
Appendix enclosed for Members only.)
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The
meeting adjourned at 5:43 PM.