Audit Committee - Non-Regular - Minutes

Friday, April 11, 2025

9:30 A.m. - 12:00 P.m.

Council Chamber, 2nd floor, City Hall

Present:

• J. Wright, 
• A. Knack, 
• K. Principe, 
• E. Rutherford, 
• and M. Madamombe 

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1.

Call to Order and Related Business

1.1

Call to Order and Land Acknowledgement

Councillor J. Wright called the meeting to order at 9:33 a.m., Friday, April 11, 2025, and acknowledged that Audit Committee meets on the traditional land of Treaty 6 Territory and the Métis homeland. The Vice-Chair also acknowledged the diverse Indigenous peoples whose ancestors' footsteps have marked this territory for centuries such as: Cree, Dene, Saulteaux, Blackfoot, Nakota Sioux, as well as Métis and Inuit, and now settlers from around the world.

1.2

Roll Call

Councillor J. Wright conducted roll call and confirmed the attendance of Members of Audit Committee.

Mayor A. Sohi was absent as per the leave of absence authorized by City Council on March 24, 2025.

Public Member C. Burrows was absent with notice.

Councillor T. Cartmell; and J. Taves, G. Goodin and D. Molloy, Office of the City Clerk, were also in attendance.

1.3

Adoption of Agenda

• Moved by: E. Rutherford

  That the April 11, 2025, Audit Committee - Non-Regular meeting agenda be adopted with the following changes:

  Additions: 

  • 5.1 City of Edmonton 2024 Consolidated Financial Statements
  • 5.2 KPMG - 2024 Audit Findings Report

  Replacement report/attachment:

  • 5.1 City of Edmonton 2024 Consolidated Financial Statements
    - Financial and Corporate Services report FCS02843
  • 5.2 KPMG - 2024 Audit Findings Report
    - Attachment 1
  
  

  In Favour (5)

  A. Knack, E. Rutherford, J. Wright, K. Principe, and M. Madamombe

  
  
  
  Carried (5 to 0)

1.4

Protocol Items

There were no Protocol Items.

2.

Items for Discussion and Related Business

2.1

Select Items for Debate

The following items were selected for debate: 5.1 and 5.2.

2.2

Vote on Reports not Selected for Debate

All items were selected for debate.

2.3

Requests to Speak

There were no Requests to Speak. 

2.4

Requests for Specific Time on Agenda

There were no requests for items to be dealt with at a specific time on the agenda.

3.

Reports to be Dealt with at a Different Meeting

There were no Reports to be Dealt with at a Different Meeting.

4.

Requests to Reschedule Reports

There were no Requests to Reschedule Reports.

5.

Public Reports

5.1

City of Edmonton 2024 Consolidated Financial Statements

Items 5.1 and 5.2 were dealt with together.

The following member of Administration’s delegation made a presentation:

• K. Bjornstad, Financial and Corporate Services

The following member of the delegation made a presentation:

• N. Fuerderer, KPMG Canada

The following member of Administration’s delegation made a presentation and answered questions:

• H. Rai, Financial and Corporate Services

The following member of the delegation made a presentation and answered questions:

• N. Kinal, KPMG Canada

The following member of the delegation answered questions:

• J. Mryglod, City Auditor

• Moved by: J. Wright

  That Audit Committee recommend to City Council:

  That the 2024 City of Edmonton audited consolidated financial statements, as set out in Attachment 1 of the April 11, 2025, Financial and Corporate Services report FCS02843, be approved.

  
  

  In Favour (5)

  A. Knack, E. Rutherford, J. Wright, K. Principe, and M. Madamombe

  
  
  
  Carried (5 to 0)

5.2

KPMG - 2024 Audit Findings Report

Items 5.1 and 5.2 were dealt with together (see item 5.1).

• Moved by: A. Knack

  That the April 11, 2025, KPMG report EXT02844, be received for information.

  
  

  In Favour (5)

  A. Knack, E. Rutherford, J. Wright, K. Principe, and M. Madamombe

  
  
  
  Carried (5 to 0)

6.

Private Reports

There were no Private Reports on the agenda.

7.

Motions Pending

There were no Motions Pending on the agenda.

8.

Notices of Motion and Motions without Customary Notice

Vice-Chair J. Wright asked whether there were any Notices of Motion. There were none.

9.

Adjournment

The meeting adjourned at 10:30 a.m., Friday, April 11, 2025.