Committee Mandate:

The mandate of the Committee is to:
(a) Assist Council in fulfilling its oversight and stewardship responsibilities by gaining and maintaining reasonable assurance in relation to:

(i) the integrity of RMWB’s annual financial statements;

(ii) effective governance, risk management and compliance, including the evaluation of the performance of control systems and processes; and

(iii) additional matters described herein or as may be assigned to the Committee by Council.

(b) Support Council’s effective decision-making by being involved in a broader governance role through oversight and responsibilities as indicated in Schedules “A”, “B” and “C” of the Audit and Compliance Committee Bylaw No. 24/017.

Membership:

7 voting members as per the following:
• 1 – Mayor
• 4 – Councillors, with preference affforded to atleast one rural Councillor; and
• 2 – Public Members that reside in Alberta, with preference afforded to individuals who reside in the RMWB and are not employed by the RMWB.

The public members appointed to the Committee shall be financially literate possessing a set of skills, experience and knowledge of financial matters that support informed and effective decisions, with skills in public sector accounting.

Quorum:

A quorum of the Committee is four members, including a minimum of one public member.  

Reporting:

The Committee reports to Council.

Collection of Demographic Information: Demographic information is collected through the application process to enhance the recruitment and selection process and reduce barriers for equity-deserving groups.

Collection of Personal Information: The personal information you provide when applying for this board/committee is being collected under the authority of Section 4(c) of the Alberta Protection of Privacy Act. The personal information is used to determine your suitability for the board/committee and, if you're appointed, this information will be kept on file in the Legislative Services office during your term of appointment. After your appointment, your information will be disclosed in accordance with section 13(1) of the Protection of Privacy Act. If you have any questions about the collection and use of your personal information contact Legislative Services, 7th Floor Jubilee Centre, 9909 Franklin Ave T9H 2K4, or call 780-743-7001.

Term Limit: Two or three years terms to allow for Committee continuity.