Carella named new chair of finance committee

Vaughan Weekly
March 19, 2014

Councillor Tony Carella was recently appointed the new chair of the City of Vaughan’s finance, administration and audit committee.

Carella was honoured and looks forward to his new role as chair.

“The City of Vaughan is committed to sound financial and long-term planning as well as finding more efficient ways of delivering our many services,” stated Carella. “I look forward to building upon the accomplishments and continuing the forward progress of this committee.”

Mayor Maurizio Bevilacqua congratulated Carella on his new appointment.

“His 14 years of experience and detailed knowledge of our City he will serve the residents of Vaughan well and respect the hard-earned tax payers’ dollars,” said the mayor.

He thanked Councillor Marilyn Iafrate, outgoing chair of the finance committee, for her years of dedication. Iafrate served as chair for two years.

“I want to express my gratitude to Ward 1 Councillor Marilyn Iafrate for her dedication and commitment to the budget process during her term as chair of the committee,” said Bevilacqua. “In two consecutive budgets she delivered tax fairness and service excellence.”

The statutory committee was renamed the finance, administration and audit committee this year. It considers matters relating to the City’s finances, budget, audit function and corporate administrative matters and reports directly to council.

Over the past year the committee has completed the 2014 budget, conducted a review of development charges, approved a new purchasing card policy and reviewed a number of internal audit reports.

“Vaughan is a city with its financial house in order and it is thanks to the commitment and dedication of the members of this committee,” said Bevilacqua. “The excellent work done by the finance, administration and audit committee during this term of council speaks to our commitment to transparency, accountability and respect for taxpayers’ dollars.”