Audit Committee

That Report AC-C 3-2021, dated May 10, 2021, respecting 2020 Audited Consolidated Financial Statements, BE RECEIVED and the following recommendations BE APPROVED: 1. That the audited consolidated financial statements of the Regional Municipality of Niagara (the “Niagara Region”), including the sinking fund financial statements and the trust fund financial statements, for the year ended December 31, 2020, as presented in Appendix 1 of Report AC-C 3-2021, BE APPROVED; 2. That the audit findings report pertaining to the audited consolidated financial statements of the Niagara Region for the year ended December 31, 2020, as presented in Appendix 2 to Report AC-C 3- 2021, BE RECEIVED for information; and 3. That staff BE DIRECTED to co-ordinate with the auditors to finalize the statements as presented.

That Report AC-C 4-2021, dated May 10, 2021, respecting Appointment of Auditors, BE RECEIVED and the following recommendation BE APPROVED: 1. That Deloitte BE APPOINTED as Niagara Region’s external auditor for an additional two-year term starting the calendar year ending December 31, 2021 until the fiscal year ending March 31, 2023.

That Report AC-C 6-2021, dated May 10, 2021, respecting Audit Committee Terms of Reference Update, BE RECEIVED and the following recommendation BE APPROVED: 1. That the updated Audit Committee Terms of Reference, Appendix 1 to Report AC-C 6-2021, BE APPROVED.

That the following items BE RECEIVED for information: AC-C 5-2021 Management Action Plan Update JBM-C 6-2021 Approval of Court Services 2020 Audited Schedule of Revenues, Expenses and Funds Available for Distribution AC-C 7-2021 Niagara Regional Housing 2020 Draft Audited Financial Statements

That Report PW 5-2021, dated April 13, 2021, respecting Approval of Statement of Contributions and Expenditures for Niagara-on-the-Lake Wastewater Treatment Plant, BE RECEIVED for information.

1. That staff BE DIRECTED to provide a report to the Public Works Committee on the potential causes of the project delay, including information respecting the project being over-budget, and an assessment of the project management; and 2. That this report BE COMPLETED without delay in order to determine best practices as the Corporation proceeds with the Niagara South Wastewater Treatment plant project. The following friendly amendment was accepted by the Committee Chair, and the mover and seconder of the motion: 1. That staff BE DIRECTED to provide a report to the Public Works Committee on the potential causes of the project delay, including information respecting the project being over-budget, Council approval of cost overruns, and an assessment of the project management; and The Committee Chair called the vote on the motion, as amended, and declared it,