Appointment of Deputy Treasurers

As is the case with all executive recruitments, the selection process for the position of the Controller and Chief Accountant was thorough, comprehensive, open, fair and objective. The City of Toronto Act, 2006, enables City Council to appoint one or more deputy treasurers and to ensure adequate coverage for essential financial sign-off responsibilities; this report also recommends that City Council grant the Executive Director, Finance Shared Services the powers and duties of a Deputy Treasurer. This approach will provide added operational flexibility and also ensure financial authorities align with the roles and responsibilities of both the Controller and Chief Accountant and the Executive Director, Finance Shared Services. David McIsaac, the Executive Director, Finance Shared Services has been employed with the City since 2023 and is also the current Interim Controller until the commencement of Jason Li's employment.

2. City Council appoint the Executive Director, Finance Shared Services, David McIsaac, to the statutory office of Deputy Treasurer of the City of Toronto, for the purposes of section 138 of the City of Toronto Act, 2006. 3. City Council authorize the City Solicitor to introduce the necessary by-laws to give effect to City Council's decision.