Audit Committee

Minutes

Monday, December 19, 2022 at 4:00 P.m. - 5:00 P.m.

Council Chambers - Hybrid

City of Kitchener

200 King Street W, Kitchener, ON N2G 4G7

Present:

• Mayor B. Vrbanovic
• Councillor S. Davey
• Councillor D. Schnider
• Councillor J. Deneault
• Councillor C. Michaud
• Councillor A. Owodunni
• Councillor P. Singh
• Councillor B. Ioannidis
• Councillor M. Johnston
• Councillor D. Chapman
• Councillor A. Clancy

Staff:

• D. Chapman, Chief Administrative Officer
• M. May, General Manager, Community Services and Deputy Chief Administrator
• V. Raab, General Manager, Corporate Services
• J. Readman, General Manager, Development Services
• J. Lautenbach, Chief Financial Officer, Financial Services
• D. McGoldrick, General Manager, Infrastructure Services
• C. Tasker, Internal Auditor
• M. Blake, Committee Administrator
• M. Mills, Committee Administrator

---

1.

Commencement

The Audit Committee held a meeting this date commencing at 4:19 p.m.

2.

Disclosure of Pecuniary Interest and the General Nature Thereof

None.

3.

Discussion Items

3.1

External Audit Planning Report for Fiscal Year 2022, FIN-2022-520

The Committee considered Financial Services report FIN-2022-520, dated December 19, 2022, to which the KPMG report entitled, "Audit Planning Report for the year ended December 31, 2022" was attached. M. Betik and C. Cheal, KPMG, the City's external Auditor, was in attendance to present the Audit Finding Report for the year ending December 31, 2022.

• On motion by Councillor S. Davey

  it was resolved:

  "That the Audit Planning Report for the year ended December 31, 2022 prepared by KPMG, attached as Appendix A to Financial Services Department report FIN-2022-520 be approved."

  Carried

3.2

4th Quarter 2022 Audit Status Report, CAO-2022-500

The Committee considered Chief Administrative Office report CAO-2022-500, entitled "4th Quarter 2022 Audit Status Report", dated December 19, 2022, providing a summary of the Internal Audit assurance and consulting services completed during the period of October to December 2022. C. Tasker, Internal Auditor, presented the report and responded to questions from the Committee.

• On motion by Councillor P. Singh

  it was resolved:

  "That Chief Administrative Office report CAO-2022-500, regarding the 4^th Quarter 2022 Audit Status Report, be received for information."

  Carried

3.3

2023 Internal Audit Work Plan, CAO-2022-494

The Committee considered Chief Administrative Office report CAO-2022-494, dated December 19, 2022 regarding the Internal Audit Work Plan for 2023. C. Tasker, Internal Auditor presented the report and was in attendance to respond to questions from the Committee. 

• On motion by Councillor B. Ioannidis

  it was resolved:

  "That the 2023 Internal Audit work plan be approved as outlined in Chief Administrative Office report CAO-2022-494."

  Carried

4.

Adjournment

On motion, this meeting adjourned at 5:17 p.m.

Mariah Blake
Committee Administrator