Item - 2020.MM23.24

Tracking Status

MM23.24 - Technical Amendment to AU5.7 - Negotiating and Entering Agreement with External Auditors - by Councillor Stephen Holyday, seconded by Councillor John Filion

Decision Type:
ACTION
Status:
Adopted
Wards:
All

City Council Decision

City Council on July 28 and 29, 2020, adopted the following:

 

1.  City Council amend Part 2 of its decision on Item AU5.7 by deleting the words "the Auditor General" and inserting instead the words "the City Manager or designate" so that Part 2 now reads as follows:

 

City Council authorize the City Manager or designate to negotiate and enter into an agreement in the amount of $6,733,000 excluding all applicable taxes and charges, $7,608,290 including HST and all applicable charges ($6,851,501 net of HST recoveries), with KPMG LLP being the highest ranked proponent meeting the requirements of the Request for Proposal for external audit services to perform the annual financial statement audits for the years 2020 to 2024 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 Request for Proposal, as outlined in Attachment 1 to the report (January 24, 2020) from the Auditor General, on the terms and conditions set out in Request for Proposal 9119-19-7141(Doc2038917448) and in a form satisfactory to the City Solicitor.

City Council Decision Advice and Other Information

City Council re-opened Item AU5.7 only as it pertains to Part 2 of City Council's decision.

Background Information (City Council)

Motions (City Council)

Motion to Waive Notice (Carried)

Speaker Nunziata advised Council that the provisions of Chapter 27, Council Procedures, need to be waived to permit introduction of Motion MM23.24. A two-thirds vote of Council Members present is required to waive notice.


Motion to Re-open Item (Carried)

Speaker Nunziata advised Council that consideration of Motion MM23.24 requires a re-opening of Item AU5.7 (City Council – June 29 and 30, 2020). A two-thirds vote of the Council Members present is required to re-open the Item.


Motion to Adopt Item (Carried)
Source: Toronto City Clerk at www.toronto.ca/council