September 17, 2025 Audit Committee

Agenda

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1. CALL TO ORDER AND LAND ACKNOWLEDGEMENT

2. APPROVAL OF MINUTES – March 24, 2025

3. APPROVAL OF THE ORDER OF BUSINESS AND APPROVAL OF ADDITIONS AND DELETIONS

4. CALL FOR DECLARATION OF CONFLICT OF INTERESTS

5. YEAR END FINANCIAL STATEMENTS & FOURTH QUARTER FINANCIAL REPORT [PDF] Large 20 MB
Motion:
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, 2025;

2) The Statement of General Rate Surplus of the Halifax Regional Municipality for the year ended March 31, 2025;

3) Transfers to reserves of the following amounts to reduce the general rate surplus to zero:

• Q416 Operating Stabilization Reserve - $3.5M

4)  The financial statements of the Halifax Regional Municipality Miscellaneous Trust Funds for the year ended March 31, 2025; and

5)  The appointment of KPMG to be the External Auditor for the fiscal year ended March 31, 2026.

6)  The Fourth Quarter report for 2024/25 on District Capital, District Activity, Recreation Area Rates, Hospitality Expenses, and Expenses for Reportable Individuals.

6. IN CAMERA (IN PRIVATE) - NONE

7. DATE OF NEXT MEETING – TBD

8. ADJOURNMENT

INFORMATION ITEMS – NONE

For further information regarding this meeting, please contact Dorothy Maponga Legislative Assistant, at Dorothy.maponga@halifax.ca or 902-478-2408.

To submit correspondence, email clerks@halifax.ca 
More information: https://www.halifax.ca/city-hall/regional-council/communicating-halifax-regional-council