THE REGIONAL MUNICIPALITY OF YORK

REPORT NO. 2

OF THE REGIONAL AUDIT COMMITTEE

MEETING HELD ON JUNE 10, 2010

For Consideration by

The Council of The Regional Municipality of York

on June 24, 2010

Chair:               Mayor M. Black

Members:          Mayor P. Morris, Vice Chair

                        Regional Councillor J. Taylor

                        Regional Chair B. Fisch (ex officio)

Staff Present:    L. Bigioni, G. Boulianne, P. Casey, J. Davidson, P. Duggan, J. Hulton,

                        D. Kuzmyk, K. Llewellyn-Thomas, B. Macgregor, E. Mahoney,

                        W. Marshall, L. Russell

The Audit Committee began its meeting at 3:02 p.m. on June 10, 2010.

TABLE OF CONTENTS

[The following links open .pdf files of the Reports, including Attachments]

1  2009 FINANCIAL STATEMENTS AND AUDITORS' REPORT

2  APPOINTMENT OF EXTERNAL AUDITORS - 2010 TO 2012

3  ACCOUNTS RECEIVABLE MANAGEMENT PROCESS - COLLECTION OF ACCOUNTS POLICY

4  REQUIRED DISCLOSURE RE: BUDGET IMPACTS PER ONTARIO REGULATION 284/09

5  AUDIT SERVICES BRANCH REPORT

6  UPDATE - COMMITTEE PROCEEDINGS

The Audit Committee advises Council of the following matters having been considered by the Audit Committee with the following action:

PRIVATE SESSION

The Committee resolved into private session at  3:55 p.m. to consider the following:

1. Private Report of the Regional Solicitor and the Director, Audit Services regarding Status Update - Avero - Solicitor/Client Privilege and Potential Litigation

2. Private Attachment to Item D5, Director of Audit Services (Audit Services Branch Report) - Security of Regional Property

 The Committee resumed in public session at 4:15 p.m. with no report out.  Its recommendations on the above matter will be forwarded to Council for consideration at its June 24, 2010 Private Session.

The Audit Committee adjourned at 4:16 p.m.

Respectfully submitted,

June 10, 2010                                                                                      M. Black

Newmarket, Ontario                                                                                        Chair

(Report No. 1 of the Audit Committee was adopted without amendment, by the Council of The Regional Municipality of York at its meeting on June 24, 2010.)