City to Seek Council’s Input on Audit and Accountability Fund Application

1
Public Open House Budget Session

City council will be asked during Monday evening’s meeting to make a decision in regards to an application allowing the Provincial Government to pay for a third-party audit of municipal finances.

This ask by City CAO Al Horsman comes after Premier Doug Ford announced last month that he would contribute $7.35 million to large urban municipalities and district school boards for audits that will identify potential savings (calculated at 4 cents to the dollar) while keeping front-line services.

Horsman is recommending that the City single-source the audit work to KMPG instead of taking the Premier up on his offer, stating in a report to council that the provincial government hasn’t made it clear whether savings here mean cuts elsewhere.

“It is not clear what is intended in this process, but it would be hoped that any municipal savings identified in this process not be offset by reductions in other provincial funding sources, e.g. OMPF [Ontario Municipal Partnership Fund  the province’s main general assistance grant to municipalities],” the report says.

“To date, staff officials at Ministry of Municipal Affairs have been unable to clarify if this interpretation is accurate.”

The cost of this is an estimated $50,000 – $75,000, all of which would be covered by the Audit and Accountability Fund upon approval.

1 COMMENT

  1. I would like to see an independent audit of the city’s operations, as I am not convinced that the city is providing value for the tax dollars. I would also like it to be from a company that has NOT been doing the city’s audits on a routine basis as there is a clear conflict of interest.

Comments are closed.