City of Kelowna
Open Audit Committee Meeting
AGENDA

Tuesday, April 25, 2023

1:00 P.m. - 4:00 P.m.

Knox Mountain Meeting Room (#4A)

City Hall, 1435 Water Street

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1.

Call to Order - Chair

2.

Confirmation of Minutes - 2022 - Chair

April 28, 2022

3.

Financial Services Opening Remarks - Joe

3.1

Financial Health Presentation - Joe

4.

2022 Airport Financial Statements

4.1

Auditor's Report and Airport Financial Statement - Tyler Neels, Grant Thornton LLP

4.2

Memorandum - Review of Airport Financial Statements - Shayne

5.

2022 Consolidated Financial Statements

5.1

Auditor's Report and Consolidated Financial Statements - Tyler Neels

5.2

Memorandum - Review of Consolidated Financial Statements - Matt

5.3

Notes to the Financial Statements and Supporting Schedules - Matt

6.

Resolution Closing the Meeting to the Public - Chair

THAT this meeting be closed to the public to Section 90(1)(l) of the Community Charter for Council to deal with matters relating to the following:

• Annual Report

7.

Adjourn to Closed Session - Chair

8.

Reconvene to Open Session

9.

2022 Financial Statements

9.1

Memorandum - Audit Committee Review of 2022 Surplus and Reserves - Matt

9.2

Memorandum - 2022 Surplus from Operations - Joe

10.

Consideration of Financial Statements and Surplus Allocation - Chair

10.1

Draft Report to Council - Audit Committee Review of 2022 Financial Statements and Recommendation

10.2

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

11.

Termination