Item - 2019.RA5.3
Tracking Status
RA5.3 - CreateTO 2018 Financial Results and Annual Report
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
Board Decision
The Board of Directors of CreateTO:
1. Received for information PricewaterhouseCoopers LLP's draft audit results report, in Attachment 1 of the report (April 29, 2019) from the Chief Financial Officer, CreateTO.
2. Recommended that City Council receive for information, the 2018 Annual Report, in Attachment 2 of the report (April 29, 2019) from the Chief Financial Officer, CreateTO.
3. Approved the 2018 Audited Financial Statements, in Attachment 3 of the report (April 29, 2019) from the Chief Financial Officer, CreateTO.
4. Recommended that City Council approve the 2018 Audited Financial Statements, in Attachment 3 of the report (April 29, 2019) from the Chief Financial Officer, CreateTO.
Decision Advice and Other Information
Andrew Popert, Partner, Assurance, PricewaterhouseCoopers LLP gave an overview of CreateTO Audit Results.
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/ra/bgrd/backgroundfile-132461.pdf
(April 29, 2019) Attachment 1 - PricewaterhouseCoopers LLP audit results report
https://www.toronto.ca/legdocs/mmis/2019/ra/bgrd/backgroundfile-132462.pdf
Attachment 2 - 2018 Annual Report
https://www.toronto.ca/legdocs/mmis/2019/ra/bgrd/backgroundfile-132463.pdf
(December 31, 2018) Attachment 3 - 2018 Draft Audited Financial Statements
https://www.toronto.ca/legdocs/mmis/2019/ra/bgrd/backgroundfile-132464.pdf