Town of Newmarket
Agenda
Audit Committee

Meeting #:

Date:

Thursday, June 12, 2025

Time:

9:30 A.m. - 12:30 P.m.

Location:

Streamed live from the Municipal Offices

395 Mulock Drive

Newmarket, ON L3Y 4X7

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1.

Notice

Members of the public may watch the live stream at newmarket.ca/meetings or attend this meeting in person at the Council Chambers at 395 Mulock Drive.

2.

Additions & Corrections to the Agenda

3.

Conflict of Interest Declarations

4.

Approval of Minutes

4.1

Audit Committee meeting minutes of November 7, 2024

• 1. That the Audit Committee meeting minutes of November 7, 2024 be approved.

5.

Presentations

5.1

2024 Financial Statement Review

Note: Anita Gibson, Supervisor Financial Reporting will provide a presentation on this matter.

• 1. That the presentation provided by Anita Gibson, Supervisor Financial Reporting and Analysis regarding the 2024 Financial Statement Review be received. 

5.2

The Corporation of the Town of Newmarket Audit Findings Report for the year ended December 31, 2024 - KPMG LLP

Note: Kevin Travers, Lead Audit Engagement Partner, KPMG and Lyle Abbott, Audit Engagement Manager will provide a presentation on this matter.

• 1. That the presentation provided by Kevin Travers, Lead Audit Engagement Partner, KPMG; and Lyle Abbott Audit Engagement Manager, KPMG regarding the The Corporation of the Town of Newmarket Audit Findings Report for the year ended December 31, 2024 - KPMG LLP be received. 

6.

Items

6.1

Town of Newmarket 2024 Consolidated Financial Statements

6.1.1

Consolidated Financial Statements of the Corporation of the Town of Newmarket Year Ended December 31, 2024

• The Audit Committee recommends to Council:

  1. That the Consolidated Financial Statements of the Corporation of the Town of Newmarket Year Ended December 31, 2024 be approved.

6.1.2

Financial Statements of the Corporation of the Town of Newmarket Main Street District Business Improvement Area Year Ended December 31, 2024

• The Audit Committee recommends to Council:

  1. That the Financial Statements of the Corporation of the Town of Newmarket Main Street District Business Improvement Area Year Ended December 31, 2024 be approved.

6.2

2024 Financial Statement Discussion and Analysis (FSD&A)

• 1. That the 2024 Financial Statement Discussion and Analysis be received.

6.3

2025 Committee Accomplishments Update

Note: Simon Granat, Legislative Coordinator will speak to this matter.

7.

New Business

8.

Closed Session (if required)

9.

Adjournment