Item - 2021.AU9.4

Tracking Status

  • City Council adopted this item on July 14, 15 and 16, 2021 without amendments and without debate.
  • This item was considered by the Audit Committee on July 7, 2021 and adopted without amendment. It will be considered by City Council on July 14, 15 and 16, 2021.

AU9.4 - Financial Statements for the Year Ended December 31, 2020 - Agencies

Decision Type:
ACTION
Status:
Adopted on Consent
Wards:
All

City Council Decision

City Council on July 14, 15 and 16, 2021, adopted the following:

 

1.  City Council receive the 2020 Financial Statements and related documents for the year ended December 31, 2020 from the following City of Toronto Agencies for information:

 

- Exhibition Place

- Heritage Toronto

- TO Live

- Toronto Atmospheric Fund

- Toronto Parking Authority

- Toronto Public Library

- Toronto Transit Commission

- Toronto Zoo

- Yonge-Dundas Square

4a - Exhibition Place - 2020 Financial Statements

Background Information (Committee)
(June 24, 2021) Report from the Chief Executive Officer, Exhibition Place on 2020 Audited Financial Statements and Audit Results for the Board of Governors of Exhibition Place
https://www.toronto.ca/legdocs/mmis/2021/au/bgrd/backgroundfile-168388.pdf
(June 16, 2021) Appendix A - 2020 Financial Statements and Independent Auditors' Report - Exhibition Place
https://www.toronto.ca/legdocs/mmis/2021/au/bgrd/backgroundfile-168389.pdf
(June 17, 2021) Appendix B - 2020 Management Representation Letter - Exhibition Place
https://www.toronto.ca/legdocs/mmis/2021/au/bgrd/backgroundfile-168390.pdf
(April 13, 2021) Appendix C - 2020 Audit Findings Report - Exhibition Place
https://www.toronto.ca/legdocs/mmis/2021/au/bgrd/backgroundfile-168391.pdf

4b - Heritage Toronto - 2020 Financial Statements

Background Information (Committee)
(March 19, 2021) 2020 Financial Statements - Heritage Toronto
https://www.toronto.ca/legdocs/mmis/2021/au/bgrd/backgroundfile-168487.pdf

4c - TO Live - 2020 Financial Statements

Background Information (Committee)
(May 3, 2021) 2020 Financial Statements and Independent Auditors' Report - TO Live
https://www.toronto.ca/legdocs/mmis/2021/au/bgrd/backgroundfile-168570.pdf
(April 2, 2021) 2020 Audit Findings Report - TO Live
https://www.toronto.ca/legdocs/mmis/2021/au/bgrd/backgroundfile-168571.pdf

4d - Toronto Atmospheric Fund - 2020 Consolidated Financial Statements

Background Information (Committee)
(May 20, 2021) 2020 Consolidated Financial Statements - Toronto Atmospheric Fund
https://www.toronto.ca/legdocs/mmis/2021/au/bgrd/backgroundfile-168537.pdf

4e - Toronto Parking Authority - 2020 Financial Statements

Background Information (Committee)
(May 12, 2021) 2020 Financial Statements and Independent Auditors' Report - Toronto Parking Authority
https://www.toronto.ca/legdocs/mmis/2021/au/bgrd/backgroundfile-168398.pdf
(April 20, 2021) 2020 Audit Findings Report - Toronto Parking Authority
https://www.toronto.ca/legdocs/mmis/2021/au/bgrd/backgroundfile-168399.pdf

4f - Toronto Public Library - 2020 Financial Statements

Background Information (Committee)
(June 1, 2021) Report from the City Librarian on Audited Financial Statements and Audit Findings Report for the Year Ended December 31, 2020 - Toronto Public Library Board
https://www.toronto.ca/legdocs/mmis/2021/au/bgrd/backgroundfile-167398.pdf
(May 25, 2021) Appendix 1 - 2020 Financial Statements and Independent Auditors' Report - Toronto Public Library Board
https://www.toronto.ca/legdocs/mmis/2021/au/bgrd/backgroundfile-167399.pdf
(April 26, 2021) Appendix 2 - 2020 Audit Findings Report - Toronto Public Library Board
https://www.toronto.ca/legdocs/mmis/2021/au/bgrd/backgroundfile-167400.pdf

4g - Toronto Transit Commission - 2020 Consolidated Financial Statements

Background Information (Committee)
(June 21, 2021) Letter from the Director, Commission Services, Toronto Transit Commission, on 2020 Consolidated Financial Statements - Toronto Transit Commission
https://www.toronto.ca/legdocs/mmis/2021/au/bgrd/backgroundfile-168483.pdf
(June 16, 2021) 2020 Consolidated Financial Statements - Toronto Transit Commission
https://www.toronto.ca/legdocs/mmis/2021/au/bgrd/backgroundfile-168484.pdf
(June 21, 2021) Letter from the Director, Commission Services, Toronto Transit Commission, on 2020 Audit Findings Report - Toronto Transit Commission
https://www.toronto.ca/legdocs/mmis/2021/au/bgrd/backgroundfile-168485.pdf
(June 16, 2021) 2020 Audit Findings Report - Toronto Transit Commission
https://www.toronto.ca/legdocs/mmis/2021/au/bgrd/backgroundfile-168486.pdf

4h - Toronto Zoo - 2020 Financial Statements

Background Information (Committee)
(June 15, 2021) 2020 Financial Statements and Independent Auditors' Report - Board of Management of Toronto Zoo
https://www.toronto.ca/legdocs/mmis/2021/au/bgrd/backgroundfile-168688.pdf
(May 3, 2021) 2020 Audit Findings Report - Board of Management of Toronto Zoo
https://www.toronto.ca/legdocs/mmis/2021/au/bgrd/backgroundfile-168689.pdf

4i - Yonge-Dundas Square - 2020 Financial Statements

Background Information (Committee)
(March 25, 2021) 2020 Financial Statements - Yonge-Dundas Square
https://www.toronto.ca/legdocs/mmis/2021/au/bgrd/backgroundfile-168409.pdf

AU9.4 - Financial Statements for the Year Ended December 31, 2020 - Agencies

Decision Type:
ACTION
Status:
Adopted
Wards:
All

Committee Recommendations

The Audit Committee recommends that:

 

1.  City Council receive the 2020 Financial Statements and related documents for the year ended December 31, 2020 from the following City of Toronto Agencies for information:

 

- Exhibition Place

- Heritage Toronto

- TO Live

- Toronto Atmospheric Fund

- Toronto Parking Authority

- Toronto Public Library

- Toronto Transit Commission

- Toronto Zoo

- Yonge-Dundas Square

Summary

The following agencies have submitted 2020 Financial Statements and related documents for the year ended December 31, 2020 to the Audit Committee for consideration:

 

- Exhibition Place

- Heritage Toronto

- TO Live

- Toronto Atmospheric Fund

- Toronto Parking Authority

- Toronto Public Library

- Toronto Transit Commission

- Toronto Zoo

- Yonge-Dundas Square

Motions

Motion to Adopt Item moved by Councillor Frances Nunziata (Carried)

4a - Exhibition Place - 2020 Financial Statements

Summary

Financial Statements for Exhibition Place for the year ended December 31, 2020.

Background Information
(June 24, 2021) Report from the Chief Executive Officer, Exhibition Place on 2020 Audited Financial Statements and Audit Results for the Board of Governors of Exhibition Place
https://www.toronto.ca/legdocs/mmis/2021/au/bgrd/backgroundfile-168388.pdf
(June 16, 2021) Appendix A - 2020 Financial Statements and Independent Auditors' Report - Exhibition Place
https://www.toronto.ca/legdocs/mmis/2021/au/bgrd/backgroundfile-168389.pdf
(June 17, 2021) Appendix B - 2020 Management Representation Letter - Exhibition Place
https://www.toronto.ca/legdocs/mmis/2021/au/bgrd/backgroundfile-168390.pdf
(April 13, 2021) Appendix C - 2020 Audit Findings Report - Exhibition Place
https://www.toronto.ca/legdocs/mmis/2021/au/bgrd/backgroundfile-168391.pdf

4b - Heritage Toronto - 2020 Financial Statements

Summary

Financial Statements for Heritage Toronto for the year ended December 31, 2020.

Background Information
(March 19, 2021) 2020 Financial Statements - Heritage Toronto
https://www.toronto.ca/legdocs/mmis/2021/au/bgrd/backgroundfile-168487.pdf

4c - TO Live - 2020 Financial Statements

Summary

Financial Statements for TO Live for the year ended December 31, 2020.

Background Information
(May 3, 2021) 2020 Financial Statements and Independent Auditors' Report - TO Live
https://www.toronto.ca/legdocs/mmis/2021/au/bgrd/backgroundfile-168570.pdf
(April 2, 2021) 2020 Audit Findings Report - TO Live
https://www.toronto.ca/legdocs/mmis/2021/au/bgrd/backgroundfile-168571.pdf

4d - Toronto Atmospheric Fund - 2020 Consolidated Financial Statements

Summary

Consolidated Financial Statements for Toronto Atmospheric Fund for the year ended December 31, 2020.

Background Information
(May 20, 2021) 2020 Consolidated Financial Statements - Toronto Atmospheric Fund
https://www.toronto.ca/legdocs/mmis/2021/au/bgrd/backgroundfile-168537.pdf

4e - Toronto Parking Authority - 2020 Financial Statements

Summary

Financial Statements for Toronto Parking Authority for the year ended December 31, 2020.

Background Information
(May 12, 2021) 2020 Financial Statements and Independent Auditors' Report - Toronto Parking Authority
https://www.toronto.ca/legdocs/mmis/2021/au/bgrd/backgroundfile-168398.pdf
(April 20, 2021) 2020 Audit Findings Report - Toronto Parking Authority
https://www.toronto.ca/legdocs/mmis/2021/au/bgrd/backgroundfile-168399.pdf

4f - Toronto Public Library - 2020 Financial Statements

Summary

Financial Statements for Toronto Public Library for the year ended December 31, 2020.

Background Information
(June 1, 2021) Report from the City Librarian on Audited Financial Statements and Audit Findings Report for the Year Ended December 31, 2020 - Toronto Public Library Board
https://www.toronto.ca/legdocs/mmis/2021/au/bgrd/backgroundfile-167398.pdf
(May 25, 2021) Appendix 1 - 2020 Financial Statements and Independent Auditors' Report - Toronto Public Library Board
https://www.toronto.ca/legdocs/mmis/2021/au/bgrd/backgroundfile-167399.pdf
(April 26, 2021) Appendix 2 - 2020 Audit Findings Report - Toronto Public Library Board
https://www.toronto.ca/legdocs/mmis/2021/au/bgrd/backgroundfile-167400.pdf

4g - Toronto Transit Commission - 2020 Consolidated Financial Statements

Summary

Consolidated Financial Statements for Toronto Transit Commission for the year ended December 31, 2020.

Background Information
(June 21, 2021) Letter from the Director, Commission Services, Toronto Transit Commission, on 2020 Consolidated Financial Statements - Toronto Transit Commission
https://www.toronto.ca/legdocs/mmis/2021/au/bgrd/backgroundfile-168483.pdf
(June 16, 2021) 2020 Consolidated Financial Statements - Toronto Transit Commission
https://www.toronto.ca/legdocs/mmis/2021/au/bgrd/backgroundfile-168484.pdf
(June 21, 2021) Letter from the Director, Commission Services, Toronto Transit Commission, on 2020 Audit Findings Report - Toronto Transit Commission
https://www.toronto.ca/legdocs/mmis/2021/au/bgrd/backgroundfile-168485.pdf
(June 16, 2021) 2020 Audit Findings Report - Toronto Transit Commission
https://www.toronto.ca/legdocs/mmis/2021/au/bgrd/backgroundfile-168486.pdf

4h - Toronto Zoo - 2020 Financial Statements

Summary

Financial Statements for Toronto Zoo for the year ended December 31, 2020.

Background Information
(June 15, 2021) 2020 Financial Statements and Independent Auditors' Report - Board of Management of Toronto Zoo
https://www.toronto.ca/legdocs/mmis/2021/au/bgrd/backgroundfile-168688.pdf
(May 3, 2021) 2020 Audit Findings Report - Board of Management of Toronto Zoo
https://www.toronto.ca/legdocs/mmis/2021/au/bgrd/backgroundfile-168689.pdf

4i - Yonge-Dundas Square - 2020 Financial Statements

Summary

Financial Statements for Yonge-Dundas Square for the year ended December 31, 2020.

Background Information
(March 25, 2021) 2020 Financial Statements - Yonge-Dundas Square
https://www.toronto.ca/legdocs/mmis/2021/au/bgrd/backgroundfile-168409.pdf
Source: Toronto City Clerk at www.toronto.ca/council