Item - 2019.PA5.1
Tracking Status
- This item was considered by Toronto Parking Authority on May 10, 2019 and was adopted without amendment.
PA5.1 - Toronto Parking Authority - 2018 Audited Financial Statements
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
Board Decision
The Board of Directors of the Toronto Parking Authority:
1. Approved the audited financial statements of the Toronto Parking Authority for the year ended December 31, 2018.
Decision Advice and Other Information
Terri McKinnon, Audit Partner, PricewaterhouseCoopers LLP, gave an overview on Toronto Parking Authority - 2018 Audited Financial Statements.
Origin
Summary
This report presents the audited financial statements for the year ended December 31, 2018 to the Toronto Parking Authority Board for approval and provides highlights of the 2018 financial results.
PricewaterhouseCoopers LLP (PwC) has substantially completed their audit of the Toronto Parking Authority's financial statements for the year ended December 31, 2018. A draft of these financial statements, along with a copy of PwC's year-end report to the Board of Directors, is attached. Our audit partner, Terri McKinnon, will be attending the May 10, 2019 Board meeting to provide an update on the status of their work as well as a summary on significant accounting and financial reporting matters dealt with during the audit process.
Background Information
https://www.toronto.ca/legdocs/mmis/2019/pa/bgrd/backgroundfile-132456.pdf
(May 2, 2019) Attachment 1 - PricewaterhouseCoopers LLP 2018 Year-End Report to the Board of Directors
https://www.toronto.ca/legdocs/mmis/2019/pa/bgrd/backgroundfile-132595.pdf
Attachment 2 - Toronto Parking Authority Draft 2018 Audited Financial Statements
https://www.toronto.ca/legdocs/mmis/2019/pa/bgrd/backgroundfile-132596.pdf