Audit Committee

THAT the agenda for the Audit Committee meeting of August 27, 2025 be confirmed.

THAT the minutes from the Audit Committee meeting held March 26, 2025 be adopted as presented.

THAT the presentation by Katie Mahon, Partner, KPMG regarding the Audit Findings Report for the year ended December 31, 2024 be received.

THAT the time allotted to Jennifer Armstrong as a comment from the audience be extended to ten (10) minutes in accordance with part 8.4 (3) of the Procedural By- Law.

THAT the comment from the audience be received.

THAT the Audit Findings Report for the year ended December 31, 2024 be received.

THAT the Draft Consolidated and Trust Funds Financial Statements of The Corporation of the County of Prince Edward for the year ended December 31, 2024 be received. THAT the Audit Committee recommends that the Draft Consolidated and Trust Funds Financial Statements of The Corporation of the County of Prince Edward for the year ended December 31, 2024 be forwarded, as presented, to the September 9, 2025 meeting of Council for approval.

1. THAT Audit Committee receive report FIN-13-2025 for information; 2. THAT in accordance with Policy FIN-10, the Audit Committee recommends that Council approve the Treasurer's recommendation to fund the 2024 tax-supported operating deficit by transferring $419,700 from the Reserve for Working Capital.

THAT Audit Committee receive report FIN-14-2025 for information.

THAT the Audit Committee discussion on the Work Plan be received.

THAT this meeting now adjourn at 4:53 p.m.