TAMRMS#: B06
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Internal Auditor Contracts
Notice given by: Councillor Hughes
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BUDGET POSTPONED MOTION:
recommendation
That internal auditor contracts are funded for a total of $350,000 from the capital reserve.
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Administration’s Understanding of the Intent of the Motion:
To provide $350,000 to fund internal auditor contracts from the capital reserve.
Operational or Organizational Impacts if Motion is Approved:
If approved, $350,000 will be available for an internal auditor to complete additional reviews/audits.
Additional reviews/audits will have impact on the organizational capacity that is already limited. Each review requires leadership team and in many cases employees to participate in the review by providing information through interviews/workshops and provision of various documentation. In addition, resources may need to be re-directed from implementation of the existing recommendations from reviews/audits completed in the last 2-3 years that are already in progress or in planning phases, and delivery of services to community.
Recommendations from the reviews/audits already completed were identified as opportunities to improve efficiencies and effectiveness of programs, services and operation, and in some cases realize cost savings or generate revenue. Administration has implemented some of the recommendations from the reviews/audits; however, many are still outstanding due to lack of people and financial resources required to plan and implement recommendations to achieve expected benefits. Allocating additional budget would have greater return on investment if directed towards implementation of recommendations from previous reviews instead of completing additional reviews/audits.
Financial Implications of Motions:
Administration will have $350,000 for the internal auditor contracts.
Given that this is a pure operating expense to the organization, it is not recommended that the capital reserve is identified as the fu...
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