City of Kelowna
Open Audit Committee Meeting
AGENDA

Tuesday, April 30, 2024

1:00 P.m. - 1:00 P.m.

Knox Mountain Meeting Room (#4A)

City Hall, 1435 Water Street

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1.

Call to Order

2.

Confirmation of Minutes - Chair

April 25, 2023

3.

Financial Services Opening Remarks - Joe

4.

2023 Airport Financial Statements

4.1

Auditor's Report and Airport Financial Statement - Tyler

4.2

Memorandum - Review of Airport Financial Statements - Shayne

5.

2023 Consolidated Financial Statements

5.1

Auditor's Report and Consolidated Financial Statements - Tyler

5.2

Memorandum - Review of Consolidated Financial Statements - Matt

5.3

Notes to the Financial Statements - Matt

6.

Financial Health Presentation - Joe

6.1

Financial Health Indicators - presentation - Joe

6.2

Memorandum - 2023 Financial Health Indicators

7.

Resolution Closing the Meeting to the Public - Chair

THAT this meeting be closed to the public pursuant to the Section 90(1)(l) of the Community Charter for the Audit Committee to deal with matter relating to the following:

• Annual Report

8.

Adjourn to Closed Session - Chair

9.

Reconvene to Open Session

10.

2023 Financial Statements

10.1

Memorandum - Audit Committee Review of 2023 Surplus and Reserves - Matt

10.2

Memorandum - 2023 Surplus from Operations - Joe

11.

Consideration of Financial Statements and Surplus Allocation - Chair

11.1

Draft Reports to Council - Audit Committee Review of 2023 Financial Statements and Recommendation

11.2

Adoption of Financial Statements, Surplus Allocation Recommendation and Report to Council

12.

Termination