August 16, 2023 Audit Committee

Agenda

1. CALL TO ORDER AND LAND ACKNOWLEDGEMENT 

2. APPROVAL OF MINUTES – March 23, 2023

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]
-Staff Presentation [PDF]
-KPMG Presentation [PDF]
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, 2023;

2. The Statement of General Rate Surplus of the Halifax Regional Municipality for the year ended March 31, 2023;

3. Transfer of $3,079,234 to the Options Reserve, Q421, to reduce the general rate surplus to zero.

4. The financial statements of the Halifax Regional Municipality Miscellaneous Trust Funds for the year ended March 31, 2023; and,

5. The appointment of KPMG to be the External Auditor for the fiscal year ended March 31, 2024.

6. The Fourth Quarter report for 2022/23 on District Capital, District Activity, Recreation Area Rates, Hospitality Expenses, and Expenses for Reportable Individuals.

7. Approve unbudgeted withdrawals of $17,480,281 from the Capital Fund Reserve, Q526 to fund a shortfall in CAPPOOL in fiscal 2023/24.

6. IN CAMERA (IN PRIVATE) – NONE 

7. DATE OF NEXT MEETING – TBD

8. ADJOURNMENT 

INFORMATION ITEMS – NONE