Item - 2019.RA1.4

Tracking Status

  • This item was considered by CreateTO on December 10, 2018 and was adopted without amendment.

RA1.4 - CreateTO Third Quarter Financial Statements

Decision Type:
ACTION
Status:
Adopted
Wards:
All

Confidential Attachment - Financial information that belongs to the Board of Directors of CreateTO and has monetary value or potential monetary value

Board Decision

The Board of Directors of CreateTO:

 

1.  Directed that the confidential information contained in Confidential Attachment 1 to the report (November 27, 2018) from the Chief Financial Officer, CreateTO remain confidential in its entirety, as it contains financial information that belongs to the Board of Directors of CreateTO and has monetary value or potential monetary value.

Origin

(November 27, 2018) Report from the Chief Financial Officer, CreateTO

Summary

2018 is the first year of operations for CreateTO. The purpose of this report is to provide the Board of Directors with quarterly updates of the company’s financial status in accordance with good governance practice. The third quarter of 2018 unaudited financial statements have been prepared for information purposes only.

Background Information

(November 27, 2018) Report from the Chief Financial Officer, CreateTO on CreateTO Third Quarter Financial Statements
https://www.toronto.ca/legdocs/mmis/2019/ra/bgrd/backgroundfile-122027.pdf
Confidential Attachment 1 - CreateTO Financial Statements for the Nine Months Ended September 30, 2018 (Unaudited)

Motions

1 - Motion to Adopt Item moved by Dennis Fotinos (Carried)
Source: Toronto City Clerk at www.toronto.ca/council