Item - 2020.TA5.6

Tracking Status

This item was considered by Board of Directors of the Toronto Atmospheric Fund on February 14, 2020 and was adopted without amendment.

TA5.6 - Audit Committee - Minutes and Terms of Reference

Decision Type:: ACTION

Status:: Adopted

Board Decision

The Board of Directors of the Toronto Atmospheric Fund:

1. Received Attachment 1 to the report (January 31, 2020) from the Chief Executive Officer - Minutes of the Audit Committee Meeting Held January 28, 2020 for information.

2. Approved amendment of the Audit Committee Terms of Reference as set out in Attachment 2 to the report (January 31, 2020) from the Chief Executive Officer.

Origin

(January 31, 2020) Report from the Chief Executive Officer

Summary

The Audit Committee met on January 28, 2020 to review the scope of work for the 2019 audit as presented in the Audit Engagement Letter from Welch LLP, which was approved. This report provides minutes from the Committee meeting and recommends one amendment to the Audit Committee Terms of Reference.

Background Information

(January 31, 2020) Report from the Chief Executive Officer on Audit Committee - Minutes and Terms of Reference
https://www.toronto.ca/legdocs/mmis/2020/ta/bgrd/backgroundfile-145896.pdf
Attachment 1 - Minutes from the Audit Committee held January 28, 2020
https://www.toronto.ca/legdocs/mmis/2020/ta/bgrd/backgroundfile-145897.pdf
Attachment 2 - Draft Audit Committee Terms of Reference, January 2020
https://www.toronto.ca/legdocs/mmis/2020/ta/bgrd/backgroundfile-145898.pdf

Motions

Motion to Adopt Item moved by Councillor Shelley Carroll (Carried)