Item - 2019.RA9.2
Tracking Status
- This item was considered by CreateTO on November 25, 2019 and was adopted without amendment.
RA9.2 - Third Quarter Financial Results
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
Board Decision
The Board of Directors of CreateTO:
1. Received the report (October 31, 2019) from the Chief Executive Officer, CreateTO for information.
Origin
(October 31, 2019) Report from the Chief Executive Officer, CreateTO
Summary
For the nine months ending September 30, 2019, CreateTO gross expenditures are $0.68 million favourable compared to budget. Annual expenditures are expected to be in line with the approved budget of $12.9 million gross, $0 net.
Note: The initial 2019 Board approved budget of $ 12.8 million was increased to $ 12.9 million by a Council approved in-year budget adjustment for the Rail Deck Park resource (Item EX7.18, dated July 16, 2019).
Background Information
(October 31, 2019)
Report from the Chief Executive Officer, CreateTO on Third Quarter Financial Results
https://www.toronto.ca/legdocs/mmis/2019/ra/bgrd/backgroundfile-139783.pdf
https://www.toronto.ca/legdocs/mmis/2019/ra/bgrd/backgroundfile-139783.pdf
Motions
Motion
to Adopt Item
moved by
Ron Carinci
(Carried)