HomeMy WebLinkAboutTR-54-91 UNFINISHED BUSINESS
THE CORPORATION OF THE TOWN OF NEWCASTLE
REPORT
Meeting: GENERAL PURPOSE AND ADMINISTRATION COMMITTEE File#
Date: July 22, 1991 Res. #
Report#: TR-54-91 File#: By-Law#
Subject: 1990 AUDIT REPORT AND RELATED MANAGEMENT LETTER
Recommendations:
It is respectfully recommended that the General Purpose and
Administration Committee recommend to Council the following:
1. That report TR-54-91 be received;
2 . That the Financial Statements for the year ended
December 31, 1990 (under separate cover) be adopted;
3 . That recommendations contained in the management letter
be reviewed by staff and addressed appropriately.
BACKGROUND & COMMENTS
The 1990 year end has now been completed and a representative of
Deloitte & Touche is in attendance to present this Report. Any
queries with respect to the Audit and the Management Letter
should be directed to his attention at this time.
Staff have reviewed the comments and recommendations contained in
the Management Letter and with Council's concurrence will
incorporate same. It is staff's opinion that while valid, many
of the comments reflect the fact that the internal control and
operations are now at a level of sophistication to allow the
audit to concentrate on areas of concern that are important but
perhaps not of the magnitude they have been in the past.
Respectfully submitted, Recommended for presentation
to tee
P1,6He A. Marano, H.BSc . ,A.M.C.T. ren4l
c Kotseff
Treasurer Chief istrative Officer
MAM/ges
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