Audit Committee AGENDA

December 13, 2010

5:00 PM

General Committee Room

Roll Call

1.

Confirmation of Minutes

a)

July 26, 2010

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

3.

Senior Director of Corporate Services

Report CPFRAS10-013

Audit Committee Terms of Reference

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

4.

Senior Director of Corporate Services

Report CPFRAS10-014

2010 Audit Plan and Pre-Audit Planning Letter

A report to recommend the City’s 2010 Audit Plan and the Pre-Audit Planning Letter be received and that the Mayor and Chair of the Audit Committee sign the Pre-Audit Planning Letter.

5.

Senior Director of Corporate Services

Report CPFRAS10-015

Municipal Act Regulation 284/09 and Public Sector Accounting

Board Standards

A report to comply with Ontario Regulation 284/09, which requires Council to approve a resolution regarding expenses excluded from the 2010 Budget and to present the 2010 Operating Budget in the full accrual PSAB Budget format to be used in the preparation of the 2010 Consolidated Financial Statements.

Other Business

Adjournment