Finance, Audit and Risk Management Committee Meeting - February 22, 2024
Meeting Agenda
Finance, Audit and Risk Management (FARM) Committee February 22, 2024
9:00 am - 11:30 am
Open Session Agenda
- Land Acknowledgement; K. Sullivan (Information)
- Motion to Approve Meeting Agenda; K. Sullivan (Approval)
- Declaration of Conflicts of Interest; K. Sullivan (Declaration)
- Highlights of Key Messages; All (Information)
- 2024 FARM Committee Workplan and Annual Mandate Review; L. Taylor / I. Ness (Approval)
- Draft Minutes of the Open Session November 23, 2023 FARM Committee Meeting; All (Approval)
- Q3 2023/24 Macro Dashboard (Corporate & Project Reporting); L. Taylor (Information)
- 2023/24 Corporate Plan Performance; L. Taylor (Information)
- Enterprise Risk Management; L. Taylor/M. Santos (Information)
- Audit; L. Taylor/M. Santos (Information)
- Liquidity / Cash Flow Forecast; Lisa Taylor (Information)
- Q3 Interim Financial Statements December 31, 2023; L. Taylor/S. Chandane (Information)
- Port Lands Flood Protection (PLFP) Dashboard; D. Kusturin (Information)
- Port Lands Parks Finishes Dashboard; D. Kusturin (Information)
- Lake Shore Boulevard East (LSBE) Dashboard; D. Kusturin (Information)
- Quayside Infrastructure Dashboard; D. Kusturin (Information)
- Quarterly Procurement Report; M. Boboc (Information)
- Regulatory and Operational Compliance Report; D. Kusturin/I. Ness/L. Taylor (Information)
- Environmental, Social, and Governance (ESG) Update; L. Taylor (Information)
- Port Lands Flood Protection (PLFP) Program Update; D. Kusturin (Information)
- PLFP Report of the Independent Capital Monitor; BTY Consulting Group Inc. (Information)
- Quayside Infrastructure and Public Realm Update - 60% Design; K. Greene/P. Mallozzi (Information)
- 2023/24 External Audit Plan; BDO Canada LLP (Approval)
- Internal Audit Plan Status Update; V. Bila, MNP LLP (Approval)
- Accessibility Audit Report; V. Bila, MNP LLP (Approval)
- Motion to go into Closed Session; All (Approval)
Closed Session Agenda
The Committee will discuss items 10 (a), (b), (c), (d) & (e), 11, 12, 13 and 14 being consideration of the draft minutes of the Closed Session of the November 23, 2023 FARM meeting, Annual Review – Risk Appetite Statement, Financial System Update, Risk Governance & Internal Audit Contract Update, Yonge Slip Activation Proposal, Cyber Security Updates, Quayside Revenue Allocation Update, Fundraising Strategy Update, and Tri-Government Engagement Update respectively, in a Closed Session as permitted by By-Law No.2 of the Corporation. The exception relied upon for the discussion for item 10(a) is provided in the minutes of the Open Session November 23, 2023 FARM Committee meeting under item 4(c) of this agenda, for items 10(b), 10(d) & 11 is Section 6.1.1(a), for item 10(c) is Section 6.1.1(k), for item 10(e) is Section 6.1.1(l), for items 12, 13 & 14 is Section 6.1.1(k) of By-Law No. 2. The Committee will continue in Open Session at the end of the Closed Session to vote on any resolutions pertaining to the Closed Session.
- Motion to go into Open Session; All (Approval)
Open Session Agenda
- Resolution(s) Arising from the Closed Session; All (Approval)
- Motion to Terminate the Meeting; All (Approval)