Board of Governors APPENDIX V - September 27, 2001

REPORT OF THE AUDIT COMMITTEE

FOR APPROVAL

1. Audited Financial Statements: The University of Western Ontario

Recommended: That the Board of Governors approve the audited financial statements for the University for the fiscal year ended April 30, 2001 (Annex 1, tab 1)

 

FOR INFORMATION

1. Supplementary Financial Statements: The University of Western Ontario

The University of Western Ontario, supplementary financial statements for the year ended April 30, 2001, are available on request.

2. Related Companies and Other Organizations

The following financial statements for related companies and other organizations of The University of Western Ontario for the fiscal year ended April 30, 2001, are provided for the information of the Board (Annex 1, tabs 2-14):

London Museum of Archaeology, as presented by the Museum's auditors, Ernst and Young, and as approved by the Board of Directors of the Company on June 20, 2001.

Foundation Western, as presented by the Foundation's auditors, Ernst and Young, approved by the Financial Operations Committee on July 9, 2001 and as subject to approval by the Directors of Foundation Western on October 15, 2001.

The University of Western Ontario Foundation Inc., as presented by the Foundation's auditors, Ernst and Young, and as subject to approval by the members of the UWO Foundation Inc., at their annual meeting in April 2002.

The University of Western Ontario Foundation for the fiscal year ended March 31, 2001, as presented by the company's auditors, Ernst and Young, and as approved by the Directors of the company on August 14, 2001.

The University of Western Ontario Research and Development Park, as presented by the Company's auditors, Ernst and Young, and as approved by the Directors of the Company on September 10, 2001.

Ivey Management Services, Richard Ivey School of Business Foundation, and Richard Ivey School of Business (Asia) Limited, as presented by the Ivey Management Service's auditors, Pricewaterhouse Coopers, and as approved by the Board of Directors on September 20, 2001.

The Siebens-Drake Research Institute, as presented by the Institute's auditors, Ernst and Young, subject to approval by the Institute's Board of Directors in September 2001.

Combined Pension Fund for Members of the Academic and Administrative Staff - for the fiscal year ended December 31, 2000, as presented by the Pension Funds auditors, Ernst and Young, and as approved by the Joint Pension Board on June 26, 2001.

3.  Radiation Safety Program

At the September 11, 2001, meeting of the Audit Committee, the Associate Vice-President (Human Resources), Ms. Jane O’Brien, presented a report on the radiation safety program. Ms. Valerie Smith, Director of Occupational Health & Safety, and Mr. Hoa Ly, Radiation Safety Officer, were present at the meeting to respond to questions from the Committee.

The presentation is summarized in Annex 2.  (Adobe Acrobat file slide show)

 

 

 

 

 

 

 


Annex 1 -  The University of Western Ontario

Combined Financial Statements
Related Corporations
and Pension Fund
April 30, 2001

Annex 1 is not available in electronic form