Meeting Agenda - Finance, Audit and Risk Management Committee - February 26, 2026

Meeting Agenda


Finance, Audit and Risk Management (FARM) Committee
Thursday, February 26, 2026 from 9:00 am - 11:30 am

 

Open Session Agenda 

 

  • Land Acknowledgement; K. Sullivan (Information)
  • Motion to Approve Meeting Agenda; All (Approval)
  • Declaration of Conflicts of Interest; All (Declaration)
  • Consent Agenda:
    • Draft Minutes of the Open Session November 20, 2025 FARM Committee Meeting; All (Approval)
    • 2026 FARM Committee Workplan; All (Approval)
  • Information Items:
    • Highlights of Key Messages; All (Information) 
    • Q3 2025/26 Macro Dashboard (Corporate & Project Reporting); L. Taylor (Information) 
  • Corporate Reporting: 
    • Q3 2025/26 Corporate Plan Performance; L. Taylor (Information)
    • Enterprise Risk Management; L. Taylor/M. Santos (Information)
    • Audit; L. Taylor/M. Santos  (Information)
    • Liquidity / Cash Flow Forecast; L. Taylor (Information)
    • Q3 Interim Financial Statements December 31, 2025; L. Taylor/S. Chandane (Information)
  • Capital Projects: 
    • Port Lands Flood Protection Dashboard; J. Gombos (Information) 
    • Parks Finishes Dashboard; J. Gombos (Information)
    • Lake Shore Boulevard East Dashboard; J. Gombos (Information) 
    • Quayside Infrastructure Dashboard; K. Greene (Information)
    • Keating Channel Pedestrian Bridge Dashboard; K. Greene/U. Aparicio (Information)
    • Broadview Eastern Flood Protection Dashboard; K. Greene/D. Forbes (Information)
    • Ookwemin Minising Dashboard; K. Greene/N. Menon (Information)
       
  • Quarterly Procurement Report; M. Boboc (Information) 
  • Regulatory and Operational Compliance Report; K. Greene /I. Ness/ L. Taylor (Information)
  • Independent Capital Monitor – Memo; BTY Consulting (Information)
  • 2025/26 External Audit Plan; L. Taylor/BDO Canada LLP (Approval)
  • Internal Audit Plan; L. Taylor/KPMG LLP (Approval)
  • Integrated Toronto Waterfront Enabling Infrastructure (TWEI); K. Greene (Information)
  • Project Capital Approval for Quayside Infrastructure and Public Realm; K. Greene/U. Aparicio (Approval)
  • Motion to go into Closed Session; All (Approval)

 

Closed Session Agenda 

 

The Committee will discuss the matters outlined in Items 11 (a) & (b), 12, 13, 14, 15 and 19, being consideration of the Draft Minutes of the Closed Session of the November 20, 2025 FARM Meeting, Requirement for Financial Sustainability Review Update, Enterprise Risk Management Framework, Cyber Security Risk Profile Update, Waterfront East Transit Procurement Approach & Contracting Methodology, Capital Project Management Framework and Directors Only in a Closed Session as permitted by By-Law No. 2 of the Corporation.  The exception relied for the discussion for item 11 (a) is provided in the minutes of the Open Session November 20, 2025 FARM meeting contained in item 4 (a) of this agenda, for item 11 (b) is Section 6.1.1(k), for items 12 and 13 is 6.1.1(a), for item 14 is Section 6.1.1(l), for item 15 is Section 6.1.1(k)  and for item 19 is 6.1.1(l) of By-Law No. 2. The Committee will continue in Open Session at the end of the Closed Session to discuss and vote on any resolutions pertaining to the Closed Session.
 

  • Motion to go into Open Session; All (Approval)

 

Open Session Agenda 

  • Resolution(s) Arising from the Closed Session; All (Approval)
  • Motion to Terminate the Meeting; All (Approval)

 

Next Meeting:   Thursday, June 4, 2026