Item - 2020.PA15.1
Tracking Status
- This item was considered by Toronto Parking Authority on June 3, 2020 and was adopted without amendment.
PA15.1 - Toronto Parking Authority - 2019 Audited Financial Statements
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
Board Decision
The Board of Directors of Toronto Parking Authority:
1. Approved the audited financial statements of the Toronto Parking Authority for the year ended December 31, 2019.
Origin
Summary
This report presents the audited financial statements for the year ended December 31, 2019 to the Board of Directors of Toronto Parking Authority (TPA) for approval and provides highlights of the 2019 financial results.
PricewaterhouseCoopers LLP (PwC) has substantially completed their audit of Toronto Parking Authority's financial statements for the year ended December 31, 2019. A draft of these financial statements along with a copy of PwC's year-end report to the Board of Directors is provided in Attachments 1 and 2. PwC Audit Partner, Terri McKinnon, will be attending the June 3, 2020 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/2020/pa/bgrd/backgroundfile-147372.pdf
(May 14, 2020) Attachment 1 - Toronto Parking Authority Audit Results for the Year Ending December 31, 2019
https://www.toronto.ca/legdocs/mmis/2020/pa/bgrd/backgroundfile-147373.pdf
(December 31, 2019) Attachment 2 - Toronto Parking Authority Draft 2019 Audited Financial Statements
https://www.toronto.ca/legdocs/mmis/2020/pa/bgrd/backgroundfile-147374.pdf