Item - 2022.AU13.10

The Audit Committee recommends that:

1.  City Council receive the 2021 audited financial statements for the Community Centres in Attachments 1 to 9 to the report (June 24, 2022) from the Auditor General.

The purpose of this report is to provide the Audit Committee and City Council with the 2021 audited financial statements of Community Centres.

The 2021 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 nine community centres have been completed and one has not yet started. Depending on when the remaining audit is completed, the Independent Auditor's Report, accompanying financial statements and management control letter (if applicable) will be presented at a subsequent meeting of the Audit Committee.

For the nine completed Community Centres, each Community Centre’s Independent Auditor’s Report, accompanying financial statements, and internal control letter (where applicable) is attached to this report.