Finance, Audit and Risk Management Committee Meeting - November 23, 2023
Meeting Agenda
Finance, Audit and Risk Management (FARM) Committee (FARM)
November 23, 2023
Open Session Agenda
- Finance, Audit and Risk Management (FARM) Committee
- 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)
- Draft Minutes of the Open Session September 21, 2023 FARM Committee Meeting; All (Approval)
- Q2 2023/24 Macro Dashboard (Corporate & Project Reporting); Lisa Taylor (Information)
- 2023/24 Corporate Plan Performance; Lisa Taylor (Information)
- Enterprise Risk Management; L. Taylor/M. Santos (Information)
- Audit; L. Taylor/M. Santos (Information)
- Liquidity / Cash Flow Forecast; Lisa Taylor (Information)
- Q2 Interim Financial Statements September 30, 2023; S. Chandane (Information)
- Port Lands Program Summary Dashboard; J. Gombos (Information)
- Port Lands Flood Protection (PLFP) Dashboard; J. Gombos (Information)
- Port Lands Parks Finishes Dashboard; J. Gombos (Information)
- Lake Shore Boulevard East (LSBE) Dashboard; J. Gombos (Information)
- Quarterly Procurement Report; M. Boboc (Information)
- Regulatory and Operational Compliance Report; J. Gombos /I. Ness/L. Taylor (Information)
- Environmental, Social, and Governance (ESG) Update; L. Taylor (Information)
- Port Lands Flood Protection (PLFP) Program Update; J. Gombos (Information)
- PLFP Q3/2023 Construction Cost Forecast and Risk Update and Quantification; J. Gombos (Information)
- PLFP Report of the Independent Capital Monitor; BTY Consulting Group Inc. (Information)
- Capital Approval: WELRT 60% Design; P. Mallozzi / P. Meredith-Karam (Approval)
- Capital Approval: Bayside Phase 2 including Water’s Edge Promenade; J. Gombos/ N. Tolkunow (Approval)
- Capital Approval: Quayside Infrastructure and Public Realm 100% Design; P. Mallozzi (Approval)
- Capital Approval: Broadview Eastern Flood Protection Design; J. Gombos/D. Forbes (Approval)
- Internal Audit Update; V. Bila, MNP LLP (Information)
- Motion to go into Closed Session; All (Approval)
Closed Session Agenda
The Committee will discuss items 9, 10, 11 and 12 being consideration of the draft minutes of the Closed Session of the September 21, 2023 FARM meeting, Annual Business Plan 2024/25, Fundraising Strategy Update, Cyber Security Internal Audit Report, and Business Case & Tri-Government Engagement, respectively, in a Closed Session as permitted by By-Law No.2 of the Corporation. The exception relied upon for the discussion for item 9 is provided in the minutes of the Open Session September 21, 2023 FARM Committee meeting under item 4(b) of this agenda, for item 10 is Section 6.1.1(k), for item 11 is Section 6.1.1(k), for item 12 is Section 6.1.1(a), and for item 13 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)