Time: 10:00 a.m.
Location: Virtual Meeting
Minutes: July 20, 2022 Audit Committee Draft Minutes (PDF)
1. CALL TO ORDER
2. APPROVAL OF MINUTES – March 9, 2022
3. APPROVAL OF THE ORDER OF BUSINESS AND APPROVAL OF ADDITIONS AND DELETIONS
4. CALL FOR DECLARATION OF CONFLICT OF INTERESTS
That the Audit Committee recommend that Halifax Regional Council approve:
1) The Consolidated Financial Statements of the Halifax Regional Municipality for the year ended March 31, 2022;
2) The Statement of General Rate Surplus of the Halifax Regional Municipality for the year ended March 31, 2022;
3) Transfers of $29,348,010 as outlined below, to reduce the general rate surplus to zero:
• Multi-District Facilities Reserve, Q546 $ 1,000,000
• Capital Fund Reserve, Q526 $ 1,761,400
• Options Reserve, Q421 $ 26,586,610
4) The financial statements of the Halifax Regional Municipality Miscellaneous Trust Funds for the year ended March 31, 2022; and,
5) That KPMG continue as the External Auditor until the tender for external audit services is awarded for fiscal year 2022/23.
6) The Fourth Quarter 2021/22 Financial Report.
7) Approve unbudgeted withdrawals of $14,286,610 from the Options Reserve to fund operating shortfalls and pressures in fiscal 2022/23 as laid out in Attachment 10.
6. IN CAMERA (IN PRIVATE) - NONE
7. DATE OF NEXT MEETING – TBD
INFORMATION ITEMS – NONE
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More information: https://www.halifax.ca/city-hall/regional-council/communicating-halifax-regional-council