Item - 2019.EX6.20
Tracking Status
- City Council adopted this item on June 18 and 19, 2019 without amendments and without debate.
- This item was considered by the Executive Committee on June 6, 2019 and adopted without amendment. It will be considered by City Council on June 18 and 19, 2019.
- See also RA5.3
EX6.20 - CreateTO 2018 Financial Results and Annual Report
- Decision Type:
- ACTION
- Status:
- Adopted on Consent
- Wards:
- All
City Council Decision
City Council on June 18 and 19, 2019, adopted the following:
1. City Council receive the 2018 Annual Report in Attachment 2 to the report (April 29, 2019) from the Chief Financial Officer, CreateTO for information.
2. City Council approve the 2018 Audited Financial Statements in Attachment 3 to the report (April 29, 2019) from the Chief Financial Officer, CreateTO.
Background Information (Committee)
https://www.toronto.ca/legdocs/mmis/2019/ex/bgrd/backgroundfile-133151.pdf
(April 29, 2019) Report from the Chief Financial Officer, CreateTO on CreateTO 2018 Financial Results and Annual Report
https://www.toronto.ca/legdocs/mmis/2019/ex/bgrd/backgroundfile-133187.pdf
Attachment 1 - PricewaterhouseCoopers LLP audit results report
https://www.toronto.ca/legdocs/mmis/2019/ex/bgrd/backgroundfile-133188.pdf
Attachment 2 - 2018 Annual Report
https://www.toronto.ca/legdocs/mmis/2019/ex/bgrd/backgroundfile-133189.pdf
Attachment 3 - 2018 Draft Audited Financial Statements
https://www.toronto.ca/legdocs/mmis/2019/ex/bgrd/backgroundfile-133190.pdf
EX6.20 - CreateTO 2018 Financial Results and Annual Report
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
Committee Recommendations
The Executive Committee recommends that:
1. City Council receive for information, the 2018 Annual Report, in Attachment 2 to the report (April 29, 2019) from the Chief Financial Officer, CreateTO.
2. City Council approve the 2018 Audited Financial Statements, in Attachment 3 to the report (April 29, 2019) from the Chief Financial Officer, CreateTO.
Origin
Summary
2018 marked the first year of operations for CreateTO. For the year ending December 31, 2018, CreateTO Financial results are in line with the 2018 budget of $11.4 million.
Background Information
https://www.toronto.ca/legdocs/mmis/2019/ex/bgrd/backgroundfile-133151.pdf
(April 29, 2019) Report from the Chief Financial Officer, CreateTO on CreateTO 2018 Financial Results and Annual Report
https://www.toronto.ca/legdocs/mmis/2019/ex/bgrd/backgroundfile-133187.pdf
Attachment 1 - PricewaterhouseCoopers LLP audit results report
https://www.toronto.ca/legdocs/mmis/2019/ex/bgrd/backgroundfile-133188.pdf
Attachment 2 - 2018 Annual Report
https://www.toronto.ca/legdocs/mmis/2019/ex/bgrd/backgroundfile-133189.pdf
Attachment 3 - 2018 Draft Audited Financial Statements
https://www.toronto.ca/legdocs/mmis/2019/ex/bgrd/backgroundfile-133190.pdf