Minutes Confirmed on April 30, 2018
Members of the Toronto Atmospheric Fund
- Meeting No.:
- 3
- Contact:
- Jennifer Lin, Committee Secretary
- Meeting Date:
- Friday, April 21, 2017
- Phone:
- 416-392-4666
- Start Time:
- 9:45 AM
- E-mail:
- jlin@toronto.ca
- Location:
- Committee Room 1, City Hall
- Chair:
- Sandra Odendahl
AF3.1 - Draft Audited Consolidated Financial Statements for the Year Ended December 31, 2016 and Auditors' Report as Required by the Toronto Atmospheric Fund Act, 2005
- Decision Type:
- Information
- Status:
- Received
Committee Decision
The Members of the Toronto Atmospheric Fund adopted the following resolution:
"Be It Resolved that the consolidated financial statements of the Toronto Atmospheric Fund for the financial year ended December 31, 2016, together with the report of the Fund's auditors, Welch LLP, Chartered Accountants, Licensed Public Accountants, be received."
Summary
Chair to present the Audited Consolidated Financial Statements and the Auditors' Report.
Motions
Be It Resolved that the consolidated financial statements of the Toronto Atmospheric Fund for the financial year ended December 31, 2016, together with the report of the Fund's auditors, Welch LLP, Chartered Accountants, Licensed Public Accountants, be received.
AF3.2 - Appointment of Auditor to Hold Office Until the Next Annual General Meeting
- Decision Type:
- ACTION
- Status:
- Adopted
Committee Decision
The Members of the Toronto Atmospheric Fund adopted the following resolution:
"Be It Resolved that Welch LLP, Chartered Accountants, Licensed Public Accountants, be reappointed and ratified as auditors of the Toronto Atmospheric Fund until the next Annual General Meeting of the Members, and be confirmed at the remuneration fixed by the Directors and that the Directors be authorized to fix such remuneration."
Summary
Resolution to be passed to appoint Auditor.
Motions
Be It Resolved that Welch LLP, Chartered Accountants, Licensed Public Accountants, be reappointed and ratified as auditors of the Toronto Atmospheric Fund until the next Annual General Meeting of the Members, and be confirmed at the remuneration fixed by the Directors and that the Directors be authorized to fix such remuneration.
AF3.3 - Confirmation of the Acts of the Directors and Officers to the Date of this Meeting
- Decision Type:
- ACTION
- Status:
- Adopted
Committee Decision
The Members of the Toronto Atmospheric Fund adopted the following resolution:
"Be It Resolved that those acts and omissions of each director and officer of the Corporation which:
a. were within their respective scopes of authority;
b. did not constitute a breach of their respective duties to act honestly and in good faith with a view to the best interests of the Corporation and to exercise the care, diligence and skill that a reasonably prudent person would exercise in comparable circumstances; and
c. since the date of the last resolution of this nature are referred to or appear in or may be inferred from any resolution, minutes of meetings, financial statements, registers, records, reports or notices of or concerning the Corporation which are now or have been available to the Directors;
are ratified, sanctioned and approved."
Summary
Resolution to be passed to confirm the acts of the Directors and Officers.
Motions
Be It Resolved that those acts and omissions of each director and officer of the Corporation which:
a. were within their respective scopes of authority;
b. did not constitute a breach of their respective duties to act honestly and in good faith with a view to the best interests of the Corporation and to exercise the care, diligence and skill that a reasonably prudent person would exercise in comparable circumstances; and
c. since the date of the last resolution of this nature are referred to or appear in or may be inferred from any resolution, minutes of meetings, financial statements, registers, records, reports or notices of or concerning the Corporation which are now or have been available to the Directors;
are ratified, sanctioned and approved.
Procedural Motions
That the minutes of the Members of the Toronto Atmospheric Fund meeting held on April 28, 2016 be confirmed.
Also Present - Non-Members:
Mary Pickering, Vice President, Programs and Partnerships, Toronto Atmospheric Fund
Ian Klesmer, Grants Program Manager, Toronto Atmospheric Fund
Tim Ehlich, Communications Manager, Toronto Atmospheric Fund
Bryan Purcell, Director of Finance
Richard Rysak, Director of Finance, Toronto Atmospheric Fund
Tim Stoate, Vice President, Impact Investing
Cliff Goldfarb, Solicitor, Gardiner Roberts LLP
Aamar Siddiqui, Welch LLP, Auditor
Kathy Steffan, Partner, Welch LLP, Auditor
Jaime Klein, Executive Coordinator, Toronto Atmospheric Fund
Karen Jones, Senior Corporate Management Policy Consultant, City Manager's Office
Mark Bekkering, Environment and Energy Division, City of Toronto
Linda Swanston, Environment and Energy Division, City of Toronto
Cecilia Fernandez, Environment and Energy Division, City of Toronto
Meeting Sessions
| Session Date | Session Type | Start Time | End Time | Public or Closed Session |
|---|---|---|---|---|
| 2017-04-21 | Morning | 9:58 AM | 10:01 AM | Public |
Attendance
| Date and Time | Quorum | Members |
|---|---|---|
| 2017-04-21 9:58 AM - 10:01 AM (Public Session) |
Present |
Present: John Campbell, Christin Carmichael Greb, Corey Diamond, Stephen Holyday, Jason Kotler, Mike Layton, Jacoline Loewen, Sandra Odendahl (Chair), Gord Perks, Rob Roberti, Ravi Seethapathy Not Present: Susan McLean |