Item - 2019.CT2.3
Tracking Status
- This item was considered by Board of Directors of TO Live on March 1, 2019 and was adopted without amendment.
CT2.3 - 2018 Fourth Quarter Financial Results and Commentary
- Decision Type:
- ACTION
- Status:
- Adopted
Confidential Attachment - Financial information supplied in confidence to the Board of Directors of TO Live, which, if disclosed, could reasonably be expected to prejudice significantly the competitive position or interfere significantly with the contractual or other negotiations of a person, group of persons, or organization
Board Decision
The Board of Directors of TO Live:
1. Requested the President and Chief Executive Officer, TO Live to present a quarterly cash flow report to the Finance, Audit and Risk Management Committee.
2. Directed that Confidential Attachments 1, 2 and 3 to the report (February 20, 2019) from the Vice President of Finance and Administration, TO Live remain confidential in their entirety because if disclosed, could reasonably be expected to prejudice significantly the competitive position or interfere significantly with the contractual or other negotiations of a person, group of persons, or organization.
Decision Advice and Other Information
The Board of Directors of TO Live recessed its public meeting to meet in closed session to consider the item as it pertains to financial information supplied in confidence to the Board of Directors of TO Live, which, if disclosed, could reasonably be expected to prejudice significantly the competitive position or interfere significantly with the contractual or other negotiations of a person, group of persons, or organization.
Origin
Summary
The purpose of this report is to present the 2018 fourth quarter financial results to the Board.
Background Information
https://www.toronto.ca/legdocs/mmis/2019/ct/bgrd/backgroundfile-129485.pdf
(February 27, 2019) Revised Confidential Attachment 1 - 2018 Fourth Quarter Financial Results Commentary
Confidential Attachment 2 - Contribution Margin Reports
Confidential Attachment 3 - Development Summary
Motions
That the Board of Directors of TO Live delete the recommendations and adopt the recommendations contained in the letter (February 28, 2019) from the Finance, Audit and Risk Management Committee (CT2.3a), as follows:
1. Request the President and Chief Executive Officer, TO Live to present a quarterly cash flow report to the Finance, Audit and Risk Management Committee.
2. Direct that Confidential Attachments 1, 2 and 3 to the report (February 20, 2019) from the Vice President of Finance and Administration, TO Live remain confidential in their entirety because if disclosed, could reasonably be expected to prejudice significantly the competitive position or interfere significantly with the contractual or other negotiations of a person, group of persons, or organization.
3a - 2018 Fourth Quarter Financial Results and Commentary
Origin
Summary
The purpose of this report is to present the 2018 Fourth Quarter financial results to the Board.
Background Information
https://www.toronto.ca/legdocs/mmis/2019/ct/bgrd/backgroundfile-130305.pdf