Item - 2021.AU9.19

The Audit Committee recommends that:

1.  City Council receive the 2020 Audited Financial Statements for the Community Centres in Attachments 1 to 8 to the report (June 22, 2021) from the Auditor General.

The purpose of this report is to provide the Audit Committee and City Council with the 2020 audited financial statements of Community Centres.

The 2020 audited financial statements for the 10 Community Centres are presented to Audit Committee after approval by their respective Boards of Management. At this time, the audits of eight community centres have been completed, one audit is in progress and one has not yet started. Depending on when the remaining two audits are completed, the Independent Auditor's Reports, accompanying financial statements and management control letters (if applicable) will be presented at a subsequent meeting of the Audit Committee.

For the eight completed Community Centres, each Community Centre's Independent Auditor's Report and accompanying financial statements is attached to this report.