Item - 2015.AU1.20

City Council on March 31, April 1 and 2, 2015, adopted the following:

1.  City Council authorize the Auditor General to negotiate and enter into an agreement in the amount of $3,816,000 net of HST recoveries with PricewaterhouseCoopers LLP being the highest ranked proponent meeting the requirements of the RFP to perform the annual financial statement audits for the years 2015 to 2019 inclusive for the City of Toronto and certain of its agencies and corporations, as well as other attest audits of financial information as described in the RFP, on the terms and conditions set out in RFP 9171-14-7121 and in a form satisfactory to the City Solicitor.

2.  City Council authorize the public release of the confidential information in Confidential Attachment 2 to the report (February 10, 2015) from the Auditor General and the Director, Purchasing and Materials Management, upon Council’s approval of this contract award to PricewaterhouseCoopers LLP and PricewaterhouseCoopers LLP signing the contract.

Confidential Attachment 2 to the report (February 10, 2015) from the Auditor General and the Director, Purchasing and Materials Management remains confidential in its entirety at this time in accordance with the provisions of the City of Toronto Act, 2006, as it relates to security of property belonging to the City or one of its agencies and corporations.  Confidential Attachment 2 to the report (February 10, 2015) from the Auditor General and the Director, Purchasing and Materials Management will be made public once PricewaterhouseCoopers LLP has signed the contract.