Item - 2021.RZ13.3

Tracking Status

This item was considered by TO Live - Audit Committee on November 8, 2021 and was adopted without amendment.

RZ13.3 - 2021 Third Quarter Financial Results and Commentary

Decision Type:: ACTION

Status:: Adopted

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.

Committee Decision

The TO Live - Audit Committee recommends that the Board of Directors of TO Live:

1. Approve the 2021 third quarter financial operating results, as noted in Confidential Attachment 1 to the report (October 21, 2021) from the President and Chief Executive Officer, TO Live.

2. Direct that Confidential Attachments 1 and 2 to the report (October 21, 2021) from the President and Chief Executive Officer, TO Live remain confidential in their entirety because they contain 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.

Decision Advice and Other Information

The Audit Committee recessed its public meeting 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 significantly prejudice the competitive position or interfere significantly with the contractual or other negotiations of a person, group of persons, or organization.

Origin

(October 21, 2021) Report from the President and Chief Executive Officer, TO Live

Summary

The purpose of this report is to present the 2021 third quarter financial results to the Board.

Background Information

(October 21, 2021) Report from the President and Chief Executive Officer, TO Live on 2021 Third Quarter Financial Results and Commentary
https://www.toronto.ca/legdocs/mmis/2021/rz/bgrd/backgroundfile-172366.pdf
Confidential Attachment 1 - 2021 Third Quarter Operating Results Commentary
Confidential Attachment 2 - Statement of Contribution Margin

Motions

Motion to Adopt Item moved by Mustafa Humayun (Carried)