Item - 2007.AU1.3

Tracking Status

This item was considered by Audit Committee on January 29, 2007 and was adopted without amendment.

AU1.3 - Auditor General's Office - 2007 Budget

Decision Type:: Information

Status:: Adopted

Wards:: All

Committee Decision

The Audit Committee recommended to the Budget Committee approval of the 2007 Budget for the Auditor General's Office.

Decision Advice and Other Information

Jeff Griffiths, Auditor General, and Jerry Shaubel, Director, Auditor General’s Office, made a presentation to the Audit Committee respecting the 2007 Budget for the Auditor General’s Office.

Origin

(December 29, 2006) Report from the Auditor General.

Summary

This report provides information relating to the 2007 budget for the Auditor General�s Office and a recommended budget for approval by the Audit Committee.

The Auditor General�s 2007 budget request is for $3,988,443 which is $107,181, (2.8 per cent) greater than the Office�s 2006 Council approved budget.

Financial Impact

The 2007 budget request for the Auditor General’s Office is $3,988,443 which is $107,181 in excess of the 2006 final budget of $3,881,262. The proposed budget contains audit fees in the amount of $320,755 relating to the external financial audit.

2006 Approved Budget	2007 Budget Request	Increase %
$3,881.3	$3,988.4	$107.2 2.8

Background Information

(December 29, 2006) Report from the Auditor General - Auditor General's Office - 2007 Budget
https://www.toronto.ca/legdocs/mmis/2007/au/bgrd/backgroundfile-748.pdf
Appendix 1 - Auditor General's Office - 2007 Budget
https://www.toronto.ca/legdocs/mmis/2007/au/bgrd/backgroundfile-749.pdf
Attachments - External Quality Control Review of the Auditor General's Office
https://www.toronto.ca/legdocs/mmis/2007/au/bgrd/backgroundfile-750.pdf