TAMRMS#: B05
6.6
title
Operational Audit for Servus Place
Notice given by: Councillor Hughes
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BUDGET POSTPONED MOTION:
recommendation
That an operational audit for Servus Place is approved for up to $100,000, to be funded by the Internal Audit Budget reserve and overseen by the Internal Audit Committee.
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Administration's Understanding of the Intent of the Motion:
The motion intends to fund an operational audit for Servus Place of up to $100,000 to be funded by the Internal Audit Budget and overseen by the Internal Audit Steering Committee.
SUMMARY
The Recreation & Parks department approaches operational assessments and regional comparisons with a commitment to continuous improvement, as current standards and performance reflect sound management principles and aligns with best regional practices. Should Council determine that an audit is warranted, Recreation & Parks would regard the process as an objective review and undertake it with the understanding that it may identify opportunities to further enhance operational efficiency and financial sustainability.
ALIGNMENT TO COUNCIL DIRECTION OR MANDATORY STATUTORY PROVISION
Internal Audit Steering Committee Bylaw 24/2023
4. The mandate of the Committee is to:
d. provide input to Administration for the identification, assessment, and mitigation of key corporate risks.
6. The Committee is authorized to:
a. review and provide input on the Risk Register that informs the audits in the Work Plan;
b. review, provide input on, and recommend to Council approval of the Work Plan;
d. approve all internal audits and related services provided by Internal Audit Service Provider in accordance with the Work Plan.
25. The purposes of the meetings outlined in section 24 are as follows:
a. During the first meeting of each calendar year (by end of March), the Committee will:
iv. review the Risk Register; and
v. review an existing draft Work Plan and recommend it to ...
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