Item - 2021.CT25.12
Tracking Status
- This item was considered by Board of Directors of TO Live on June 18, 2021 and was adopted with amendments.
CT25.12 - 2022 Plan and Budget Consideration
- Decision Type:
- ACTION
- Status:
- Amended
- Wards:
- All
Confidential Attachment - financial information supplied in confidence to the Board of Directors of TO Live, which, if disclosed, could reasonably be expected to prejudice significantly the competitive position or interfere significantly with the contractual or other negotiations of a person, group of persons, or organization
Board Decision
The Board of Directors of TO Live:
1. Directed the President and Chief Executive Officer, TO Live to:
a. forward the TO Live Budget submission, to the Executive Director, Financial Planning, City of Toronto, to review, discuss and provide advice on the submission and the budget process; and
b. report back to the September 24, 2021 Board meeting with the results of the discussions and an updated budget submission.
2. Directed the TO Live staff to continue to prioritize Inclusion, Diversity, Equity and Access within the budget.
3. Directed that Confidential Attachment 1 to the report (May 21, 2021) from the President and Chief Executive Officer, TO Live and the confidential presentation remain confidential in their entirety because if disclosed, could reasonably be expected to prejudice significantly the competitive position or interfere significantly with the contractual or other negotiations of a person, group of persons, or organization.
Decision Advice and Other Information
The Board of Directors of TO Live recessed its public session to meet in closed session to consider the item as it pertains to financial information supplied in confidence to the Board of Directors of TO Live, which, if disclosed, could reasonably be expected to prejudice significantly the competitive position or interfere significantly with the contractual or other negotiations of a person, group of persons, or organization.
Origin
Summary
The purpose of this report is to provide the Board with detailed information on the 2022 plan and budget for consideration.
The agenda for the June 18, 2021 Board meeting, including the 2022 Plan and Budget Presentation (Attachment 1), as well as Confidential Attachment 1, is being published and provided earlier than usual to allow Members of the Board and its Committees additional time to review the Budget materials.
Background Information
https://www.toronto.ca/legdocs/mmis/2021/ct/bgrd/backgroundfile-167558.pdf
Attachment 1 - 2022 Plan and Budget Presentation
https://www.toronto.ca/legdocs/mmis/2021/ct/bgrd/backgroundfile-167559.pdf
Confidential Attachment 1 - 2022 Plan and Budget Confidential Information
Confidential Presentation from Vice President, Programming on 2022 Program
Motions
That:
1. Recommendation 1 in the staff report be deleted and replaced with the following:
"1. The Board direct the President and Chief Executive Officer, TO Live to:
a. Forward the TO Live Budget submission, to the Executive Director, Financial Planning, City of Toronto, to review, discuss and provide advice on the submission and the budget process; and
b. Report back to the September 24, 2021 Board meeting with the results of the discussions and an updated budget submission."
2. Recommendation 2 in the staff report be amended as follows:
2. The Board direct that Confidential Attachment 1 and the confidential presentation remain confidential in its entirety because if disclosed, could reasonably be expected to prejudice significantly the competitive position or interfere significantly with the contractual or other negotiations of a person, group of persons, or organization.
That the Board of Directors of TO Live:
1. Direct TO Live staff to continue to prioritize Inclusion, Diversity, Equity and Access within the budget.
12a - Audit Committee - 2022 Plan and Budget Consideration
Origin
Summary
The purpose of this report is to provide detailed information on the 2022 plan and budget to the Audit Committee.
Background Information
https://www.toronto.ca/legdocs/mmis/2021/ct/bgrd/backgroundfile-168254.pdf
12b - Human Resources, Compensation and Labour Relations Committee - 2022 Plan and Budget Consideration
Origin
Summary
The purpose of this report is to facilitate a review of the detailed information on the 2022 Plan and Budget for TO Live as it relates to the Human Resources, Compensation and Labour Relations Committee.
Background Information
https://www.toronto.ca/legdocs/mmis/2021/ct/bgrd/backgroundfile-168274.pdf