Audit Committee Agenda

June 23, 2014

5:00 p.m.

Peterborough Room

Roll Call

1.

Confirmation of Minutes

a)

October 15, 2013

2.

Disclosure of Pecuniary Interest

Determination of items requiring separate consideration

For your convenience, circle the items you wish to consider separately:

Item Number     3     4     5     6     7

3.

Director of Corporate Services

Report CPFS14-017

Tax Adjustments under Section 356 and Tax Appeals under Sections 357, 358 and 359 of Municipal Act, 2001

A report to advise Council of the tax adjustments in accordance with Sections 356 and Tax Appeals under Sections 357, 358 and 359 of the Municipal Act, 2001.

4.

Director of Corporate Services

Report CPFS14-014

Audit of the Consolidated Financial Statements of the City of Peterborough - Acknowledgement Letter

A report to recommend that the Audit of the Consolidated Financial Statements of the City of Peterborough, Acknowledgement Letter, prepared by Collins Barrow Kawarthas LLP, be received and that the Mayor and Chair of the Audit Committee be authorized to sign the letter acknowledging receipt and contents of the letter.

5.

Director of Corporate Services

Report CPFS14-015

Treasurer's Report, 2013 Consolidated Financial Report, 2013 Trust Funds Financial Statement and Five-Year Review

A report to recommend the Treasurer’s Report, 2013 Consolidated Financial Report, the 2013 Trust Funds Financial Statement and Five Year Review be received, that underlying accounting policies be approved, and the 2013 Financial Report be received and submitted to the Province of Ontario.

6.

Director of Corporate Services

Report CPFS14-016

Management Letter and Verbal Audit Findings Report for the year ended December 31, 2013

A report to recommend the audit of the December 31, 2013 Financial Statements Letter (Management Letter) and Verbal Audit Findings Report prepared and presented by the City’s auditor, Collins Barrow Kawarthas LLP, be received as information.

7.

Director of Corporate Services

Report CPFS14-019

Audit Committee Terms of Reference

A report to provide the Audit Committee Terms of Reference to the Audit Committee and to recommend some minor changes.

Other Business

Adjournment