Building Investment, Finance and Audit Committee

Members

Chair

Nick Macrae

Committee Secretary

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

Members

• Naram Mansour
• Brian Smith
• Councillor Anthony Perruzza
• John Campbell
• Chair of the Board (voting ex-officio member)

Executive leads

• Lily Chen, Chief Financial Officer and Treasurer
• Jessica Hawes, Acting Chief Development Officer
• Allen Murray, 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

• Nick Macrae - Chair
• Tom Hunter
• Jing Lu
• Martha Tredgett

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

The BIFAC meets at least quarterly.

Both the BIFAC and the IAC convene such additional meetings as may be required.

The IAC meets at least twice a year.

Charter

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