Building Investment, Finance and Audit Committee

Building Investment, Finance and Audit Committee

​​​​​​​​​​​​​​Chair​​:​​

Nick Macrae

Committee ​​Secretary:

Sonia Fung
416-981-4286
Sonia.Fung@torontohousing.ca

​Members:​​

​Councillor Ana Bailão
Amanda Coombs
Brian Smith 
Vacant
Chair (voting ex-officio member) 

Executive leads:

​Rose-Ann Lee, Chief Financial Officer and Treasurer 
Vincent Tong, Chief Development Officer
Sheila Penny, Vice President, Facilities Management

Mandate:

​The Building Investment, Finance and Audit Committee (BIFAC) is established as a committee of the Board of Directors of Toronto Community Housing to assist the Board in fulfilling its responsibilities in respect of:
  • Capital Funds and investments (with an Advisory Committee, if needed)
  • Capital projects, real property and building revitalization
  • Building state of repair and environmental sustainability
  • Budget, Financial Reporting and Financial Statements
  • Internal Audit, Accounting Systems and Internal Controls
  • External Audits
  • Financial Compliance
  • Financial and Fraud Risk
  • Information Technology
  • Oversight of Internal Audit
  • Enterprise Risk Management
  • Delegated Financial Authority: $5 million


Investment Advisory Committee:

Members

  1. Nick Macrae - Chair
  2. Martin Willschick
  3. Barry Nowoselski
  4. Kevin Marshman

The Investment Advisory Committee (IAC) is established as an advisory committee to the Building Investment, Finance and Audit Committee. The purpose of the Investment Advisory Committee is to assist the Building Investment, Finance and Audit Committee in fulfilling its responsibilities in respect of Capital Funds and Investments. Read the Investment Advisory Committee Charter (PDF)​.

Meeting frequency:​

  • Both BIFAC and IAC must meet once each quarter and may meet more often.

Charter:

Please see the BIFAC committee charter (PDF​)​ for more information about this committee, including its responsibilities and authority.​

Board meetings

Visit the event calendar​ to see upcoming committee meetings.