# Audit, Finance and Administration Committee approves City of Hamilton Audits be funded from the Tax Stabilization Reserve (#110046); and 9-0

Council considered changes to reserve funding and an independent review of city procurement policies and processes.

Published: 2026-08-07T06:20:29.222Z
Edition: hamilton
Canonical: https://localwire.ca/hamilton/2026-09-03-audit-finance-and-administration-committee-approves-city-of-hamilton-aud/
Publisher: Local Wire

## Record

Meeting: Audit, Finance and Administration Committee
Date: Thursday, September 3, 2026
Item: Motion
Result: Carried 9-0

## Report

Additional audit fees were requested to be funded through the Tax Stabilization Reserve (#110046). The revised surplus disposition increased the transfer to the Tax Stabilization Reserve by $39,705.

Council considered directing the City Manager to commission an independent review of the City’s procurement policies, practices, and processes by external agents, funded from the Tax Stabilization Reserve. The proposal included a comparison with other Ontario municipalities of similar size and single sourcing to allow the work to begin as soon as possible.

The motion, as recorded in the minutes:

```
greater, as outlined in Appendix “D” to Report FCS26069, be approved; (v) That, in accordance with the “Budget Complement Control Policy”, the 2026 extensions of temporary positions with 24-month terms or greater, with no impact Audit, Finance and Administration Committee September 3, 2026 Minutes AFA 26-011 Page 7 of 14 Refer to the September 9, 2026, Council Minutes for the disposition of these matters. on the levy, as outlined in Appendix “E” to Report FCS26069, be approved; (vi) That the General Manager, Finance and Corporate Services, be directed to close the completed and / or cancelled capital projects in Appendix “F” to Report FCS26069 in accordance with the Capital Projects Closing and Monitoring Policy; (vii) That the capital projects requiring a budget adjustment, as outlined in Appendix “G” to Report FCS26069, be approved; (viii) That the capital projects requiring a change in funding source, as outlined in Appendix “H” to Report FCS26069, be approved; (ix) That the budget adjustment related to transit capital projects, as outlined in Appendix “I” to Report FCS26069, be approved; and (x) That additional audits fees of $175,000 related to the 2023 City of Hamilton Audits be funded from the Tax Stabilization Reserve (#110046); and (b) That Correspondence from Hafeez Hussain respecting Report FCS26069, Tax and Rate Operating Budget Variance Report as of May 31, 2026 (City Wide) (Item 8.5(a)), be received.
```

Every figure above comes from the [official minutes](https://pub-hamilton.escribemeetings.com/FileStream.ashx?DocumentId=509810) and the recorded vote they contain. The roll call shows how each member voted.

How this report was made: a language model drafted it from 4 claims extracted verbatim from the meeting's own documents, and a second model checked every sentence against those claims. Nothing outside the cited documents reaches this page. The vote record above is parsed directly from the minutes and is not drafted.

## Sources

[1] AFA Minutes 26-011 (September 3, 2026): Audit, Finance and Administration Committee, Thursday, September 3, 2026 — https://pub-hamilton.escribemeetings.com/FileStream.ashx?DocumentId=509810
[2] Audit, Finance and Administration Committee, Thursday, September 3, 2026 (City of Hamilton eSCRIBE meeting record) — https://pub-hamilton.escribemeetings.com/Meeting.aspx?Id=8ce77237-e789-44ba-8fe5-ddb625967d8d&lang=English