HomeMy WebLinkAboutFND-018-02
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Clw:-!ggton
REPORT
FINANCE DEPARTMENT
Report #:
GENERAL PURPOSE AND ADMINISTRATION COMMITTEE
Resolution ~ffl-cf6tf-02
By-law #: ;Jon!). - I q 5
MONDAY, NOVEMBER 18, 2002
File #: foo
Meeting:
Date:
FN D-O 18-02
Subject:
APPOINTMENT OF AUDITORS
Recommendations:
It is respectfully recommended that the General Purpose and Administration Committee
recommend to Council the following:
1. THAT Report FND-018 -01 be received;
2. THAT the firm of Deloitte and Touche be appointed as the Municipality's auditors
for the 2002 year end audit; and
3. THAT the attached By-Law be executed by the Clerk and Mayor.
RevieWedby:d~..-:.. ~
Franklin Wu
Chief Administrative Officer
NT/LG/hjl
1313
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REPORT NO.: FND-01S-02
PAGE 2
Background and Comment:
1.0 The 2001 year end audit is substantially complete. Staff experienced delays due
to the OPSEU strike for completing and filing the 2001 Financial Information
Return (FIR) and the Municipal Performance Measures Program.
1.1 Once completed the 2001 financial statements will be distributed to Council for
information as well as provided to homeowners, as required under the Municipal
Act.
1.2 Once received, recommendations contained in the auditors' management letter
will be be reviewed by staff and staff will report back on any changes.
2.0 In 1996, Report TR-44-96 recommended that the firm of Deloitte and Touche be
retained for a five (5) year period, which ended with the 2001 year end audit.
Staff are recommending that Deloitte and Touche be appointed as the
Municipality's Auditors for the 2002 year end audit only.
2.1 Staff are currently investigating the issuance of a Request for Proposal for 2003
onwards for the Municipality's annual audit and staff will report back the results,
during 2003.
2.2 The Municipality, formerly has requested the opinion of the Ministry of Municipal
Affairs and Housing, who had indicated that the cost of the audit services should
not be the determining factor in a decision to change auditors. The Ministry
indicated that other criteria, such as level of service available, reputation, timing
and audit services, etc. should be considered.
CORPORATION OF THE MUNICIPALITY OF CLARINGTON
40 TEMPERANCE STREET, BOWMANVILLE. ONTARIO L 1C 3A6 T (905)623-3379 F (905)623-0608
1314
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THE CORPORATION OF THE MUNICIPALITY OF CLARINGTON
BY-LAW NUMBER 2002-
Being a by-law to appoint an Auditor for the
Corporation of the Municipality ofClarington
WHEREAS Section 86(1) of the Municipal Act R.S.O. 1990, C.M. 45 gives Council the
authority to appoint "for a term of one year, auditors who are licensed under the Public
Accountancy Act";
AND WHEREAS it is necessary to appoint an auditor for the Corporation of the
Municipality of Clarington;
NOW THEREFORE the Council ofthe Corporation of the Municipality ofClarington
enacts as follows:
L
THAT Deloitte and Touche LLP is hereby appointed auditor for the
Municipality of Clarington for a term of one year, for the fiscal year
ending December 31, 2002, inclusive.
By-Law read a first and second time this 25th day of November 2002.
By-Law read a third time and finally passed this 25th day of November 2002.
John Mutton, Mayor
Patti L. Barrie, Municipal Clerk
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