Finance, Audit and Risk Management Committee Meeting - February 27, 2025

Meeting Agenda

Finance, Audit and Risk Management (FARM) Committee
February 27, 2025, 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)

• Draft Minutes of the Open Session - November 21, 2024 FARM Committee Meeting; All (Approval)
• 2025 FARM Committee Workplan; L. Taylor/I. Ness  (Approval)
• Highlights of Key Messages; All (Information)
• Q3 2024/25 Macro Dashboard (Corporate & Project Reporting); L. Taylor (Information)
• 2024/25 Corporate Plan Performance; L. Taylor (Information)
• Enterprise Risk Management; L. Taylor/M. Santos (Information)
• Audit; L. Taylor/M. Santos  (Information)
• Liquidity / Cash Flow Forecast; L. Taylor (Information)
• Q3 Interim Financial Statements December 31, 2024; L. Taylor/S. Chandane  (Information)
• Port Lands Flood Protection (PLFP) Dashboard; D. Kusturin (Information)
• Parks Finishes Dashboard; D. Kusturin (Information)
• Lake Shore Boulevard East (LSBE) Dashboard; D. Kusturin (Information)
• Quayside Infrastructure Dashboard; K. Greene (Information)
• Quarterly Procurement Report; M. Boboc (Information)
• Regulatory and Operational Compliance Report; D. Kusturin /I. Ness/ L. Taylor (Information)
• Environmental Social Governance (ESG) Update; L. Taylor (Information)
• Fundraising Dashboard Q3 2024/25  (L. Taylor/Information)
• Port Lands Flood Protection (PLFP) Project Update; D. Kusturin ( Information)
• Broadview Eastern Flood Protection (BEFP) Capital Approval; D. Kusturin/D. Forbes (Approval)
• 2024/25 External Audit Plan; BDO Canada LLP (Approval)
• Motion to go into Closed Session; All (Approval)

Closed Session Agenda

The Committee will discuss items 10 through 15, being consideration of the draft minutes of the Closed Session of the November 21, 2024 FARM meeting, Annual Review – Risk Appetite Statement, Financial Updates, Cyber Security Update, Port Lands Flood Protection Project Update, Keating Channel Pedestrian Bridge Update, and Next Phase Waterfront Revitalization Update, in a Closed Session as permitted by By-Law No.2 of the Corporation. The exception relied upon for the discussion for item 10 is provided in the minutes of the Open Session November 21, 2024 FARM Committee meeting under item 4(a) of this agenda, for item 11 is Section 6.1.1(a), for item 12 is Section 6.1.1(a), and for items 13, 14 and 15 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)