Item - 2019.EX6.23
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 CT3.4
- See also By-law 966-2019
EX6.23 - TO Live Programming Reserve Fund
- 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 create the TO Live Programming Reserve Fund.
2. City Council request the Chief Financial Officer and Treasurer to transfer TO Live's 2018 operating surplus in the amount of $0.388 million to the TO Live Programming Reserve Fund as part of the 2018 year-end surplus allocations.
Background Information (Committee)
https://www.toronto.ca/legdocs/mmis/2019/ex/bgrd/backgroundfile-133225.pdf
(April 17, 2019) Report from the President and Chief Executive Officer, TO Live on Programming Reserve Fund
https://www.toronto.ca/legdocs/mmis/2019/ex/bgrd/backgroundfile-133226.pdf
Attachment 1 - Criteria for Establishment of the TO Live Programming Reserve Fund
https://www.toronto.ca/legdocs/mmis/2019/ex/bgrd/backgroundfile-133227.pdf
Attachment 2 - Programming Reserve Fund Policy and Procedures
https://www.toronto.ca/legdocs/mmis/2019/ex/bgrd/backgroundfile-133228.pdf
EX6.23 - TO Live Programming Reserve Fund
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
Committee Recommendations
The Executive Committee recommends that:
1. City Council create the TO Live Programming Reserve Fund.
2. City Council, subject to the adoption of Recommendation 1 above, request that the Chief Financial Officer and Treasurer transfer TO Live's 2018 operating surplus in the amount of $0.388 million to the TO Live Programming Reserve Fund as part of the 2018 year-end surplus allocations.
Origin
Summary
In order for TO Live to be successful and ensure that there is a stable funding source for research and development of programming initiatives (TO Live Presents), TO Live wishes to establish a Programming Reserve Fund.
Background Information
https://www.toronto.ca/legdocs/mmis/2019/ex/bgrd/backgroundfile-133225.pdf
(April 17, 2019) Report from the President and Chief Executive Officer, TO Live on Programming Reserve Fund
https://www.toronto.ca/legdocs/mmis/2019/ex/bgrd/backgroundfile-133226.pdf
Attachment 1 - Criteria for Establishment of the TO Live Programming Reserve Fund
https://www.toronto.ca/legdocs/mmis/2019/ex/bgrd/backgroundfile-133227.pdf
Attachment 2 - Programming Reserve Fund Policy and Procedures
https://www.toronto.ca/legdocs/mmis/2019/ex/bgrd/backgroundfile-133228.pdf