Item - 2022.AU13.3

Tracking Status

  • City Council adopted this item on July 19, 20, 21 and 22, 2022 without amendments and without debate.
  • This item was considered by the Audit Committee on July 11, 2022 and adopted without amendment. It will be considered by City Council on July 19, 20, 21 and 22, 2022.

AU13.3 - Financial Statements for the Year Ended December 31, 2021 - Agencies

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

City Council Decision

City Council on July 19, 20, 21 and 22, 2022, adopted the following:

 

1.  City Council receive the 2021 Financial Statements and related documents for the year ended December 31, 2021 from the following City of Toronto Agencies for information:

 

a. Exhibition Place;

 

b. Heritage Toronto;

 

c. TO Live;

 

d. Toronto Parking Authority;

 

e. Toronto Public Library;

 

f. Toronto Transit Commission;

 

g. Toronto Zoo; and

 

h. Yonge-Dundas Square

3a - Exhibition Place - 2021 Financial Statements

Background Information (Committee)
(June 14, 2022) Report from the Chief Executive Officer, Exhibition Place on 2021 Audited Financial Statements and Audit Findings Report for the Board of Governors of Exhibition Place
https://www.toronto.ca/legdocs/mmis/2022/au/bgrd/backgroundfile-228030.pdf
Appendix A - Financial Statements
https://www.toronto.ca/legdocs/mmis/2022/au/bgrd/backgroundfile-228323.pdf
Appendix B - Management Representation Letter
https://www.toronto.ca/legdocs/mmis/2022/au/bgrd/backgroundfile-228307.pdf
Appendix C - Audit Findings
https://www.toronto.ca/legdocs/mmis/2022/au/bgrd/backgroundfile-228308.pdf

3b - Heritage Toronto - 2021 Financial Statements

Background Information (Committee)
(April 13, 2022) 2021 Financial Statements - Heritage Toronto
https://www.toronto.ca/legdocs/mmis/2022/au/bgrd/backgroundfile-227983.pdf

3c - TO Live - 2021 Financial Statements

Background Information (Committee)
(May 30, 2022) 2021 Financial Statements and Independent Auditors' Report - TO Live
https://www.toronto.ca/legdocs/mmis/2022/au/bgrd/backgroundfile-228029.pdf

3d - Toronto Parking Authority - 2021 Financial Statements

Background Information (Committee)
(May 27, 2022) 2021 Financial Statements and Independent Auditors' Report - Toronto Parking Authority
https://www.toronto.ca/legdocs/mmis/2022/au/bgrd/backgroundfile-227868.pdf
(April 11, 2022) Audit Findings Report - Toronto Parking Authority
https://www.toronto.ca/legdocs/mmis/2022/au/bgrd/backgroundfile-227867.pdf

3e - Toronto Public Library - 2021 Financial Statements

Background Information (Committee)
(May 24, 2022) 2021 Financial Statements and Independent Auditors' Report - Toronto Public Library Board
https://www.toronto.ca/legdocs/mmis/2022/au/bgrd/backgroundfile-227895.pdf
(April 11, 2022) 2021 Audit Findings Report - Toronto Public Library Board
https://www.toronto.ca/legdocs/mmis/2022/au/bgrd/backgroundfile-227894.pdf

3f - Toronto Transit Commission - 2021 Consolidated Financial Statements

Background Information (Committee)
(June 30, 2022) Transmittal from the Director, Commission Services, Toronto Transit Commission on 2021 Consolidated Financial Statements - Toronto Transit Commission
https://www.toronto.ca/legdocs/mmis/2022/au/bgrd/backgroundfile-228423.pdf
(June 23, 2022) 2021 Consolidated Financial Statements - Toronto Transit Commission
https://www.toronto.ca/legdocs/mmis/2022/au/bgrd/backgroundfile-228360.pdf
(June 30, 2022) Transmittal from the Director, Commission Services, Toronto Transit Commission on KPMG LLP Audit Findings Report on the Toronto Transit Commission Consolidated Financial Statements for the Year Ended December 31, 2021
https://www.toronto.ca/legdocs/mmis/2022/au/bgrd/backgroundfile-228472.pdf

3g - Toronto Zoo - 2021 Financial Statements

Background Information (Committee)
(June 9, 2022) 2021 Financial Statements and Independent Auditors' Report - Board of Management of Toronto Zoo
https://www.toronto.ca/legdocs/mmis/2022/au/bgrd/backgroundfile-228023.pdf

3h - Yonge-Dundas Square - 2021 Financial Statements

Background Information (Committee)
(April 14, 2022) 2021 Financial Statements - Yonge-Dundas Square
https://www.toronto.ca/legdocs/mmis/2022/au/bgrd/backgroundfile-227985.pdf

AU13.3 - Financial Statements for the Year Ended December 31, 2021 - Agencies

Decision Type:
ACTION
Status:
Adopted
Wards:
All

Committee Recommendations

The Audit Committee recommends that:

 

1.  City Council receive the 2021 Financial Statements and related documents for the year ended December 31, 2021 from the following City of Toronto Agencies for information:

 

a. Exhibition Place;

 

b. Heritage Toronto;

 

c. TO Live;

 

d. Toronto Parking Authority;

 

e. Toronto Public Library;

 

f. Toronto Transit Commission;

 

g. Toronto Zoo; and

 

h. Yonge-Dundas Square

Summary

The following agencies have submitted 2021 Financial Statements and related documents for the year ended December 31, 2021 to the Audit Committee for consideration:

 

- Exhibition Place

- Heritage Toronto

- TO Live

- 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)

3a - Exhibition Place - 2021 Financial Statements

Summary

Financial Statements for Exhibition Place for the year ended December 31, 2021.

Background Information
(June 14, 2022) Report from the Chief Executive Officer, Exhibition Place on 2021 Audited Financial Statements and Audit Findings Report for the Board of Governors of Exhibition Place
https://www.toronto.ca/legdocs/mmis/2022/au/bgrd/backgroundfile-228030.pdf
Appendix A - Financial Statements
https://www.toronto.ca/legdocs/mmis/2022/au/bgrd/backgroundfile-228323.pdf
Appendix B - Management Representation Letter
https://www.toronto.ca/legdocs/mmis/2022/au/bgrd/backgroundfile-228307.pdf
Appendix C - Audit Findings
https://www.toronto.ca/legdocs/mmis/2022/au/bgrd/backgroundfile-228308.pdf

3b - Heritage Toronto - 2021 Financial Statements

Summary

Financial Statements for Heritage Toronto for the year ended December 31, 2021.

Background Information
(April 13, 2022) 2021 Financial Statements - Heritage Toronto
https://www.toronto.ca/legdocs/mmis/2022/au/bgrd/backgroundfile-227983.pdf

3c - TO Live - 2021 Financial Statements

Summary

Financial Statements for TO Live for the year ended December 31, 2021.

Background Information
(May 30, 2022) 2021 Financial Statements and Independent Auditors' Report - TO Live
https://www.toronto.ca/legdocs/mmis/2022/au/bgrd/backgroundfile-228029.pdf

3d - Toronto Parking Authority - 2021 Financial Statements

Summary

Financial Statements for Toronto Parking Authority for the year ended December 31, 2021.

Background Information
(May 27, 2022) 2021 Financial Statements and Independent Auditors' Report - Toronto Parking Authority
https://www.toronto.ca/legdocs/mmis/2022/au/bgrd/backgroundfile-227868.pdf
(April 11, 2022) Audit Findings Report - Toronto Parking Authority
https://www.toronto.ca/legdocs/mmis/2022/au/bgrd/backgroundfile-227867.pdf

3e - Toronto Public Library - 2021 Financial Statements

Summary

Financial Statements for Toronto Public Library for the year ended December 31, 2021.

Background Information
(May 24, 2022) 2021 Financial Statements and Independent Auditors' Report - Toronto Public Library Board
https://www.toronto.ca/legdocs/mmis/2022/au/bgrd/backgroundfile-227895.pdf
(April 11, 2022) 2021 Audit Findings Report - Toronto Public Library Board
https://www.toronto.ca/legdocs/mmis/2022/au/bgrd/backgroundfile-227894.pdf

3f - Toronto Transit Commission - 2021 Consolidated Financial Statements

Summary

Consolidated Financial Statements for Toronto Transit Commission for the year ended December 31, 2021.

Background Information
(June 30, 2022) Transmittal from the Director, Commission Services, Toronto Transit Commission on 2021 Consolidated Financial Statements - Toronto Transit Commission
https://www.toronto.ca/legdocs/mmis/2022/au/bgrd/backgroundfile-228423.pdf
(June 23, 2022) 2021 Consolidated Financial Statements - Toronto Transit Commission
https://www.toronto.ca/legdocs/mmis/2022/au/bgrd/backgroundfile-228360.pdf
(June 30, 2022) Transmittal from the Director, Commission Services, Toronto Transit Commission on KPMG LLP Audit Findings Report on the Toronto Transit Commission Consolidated Financial Statements for the Year Ended December 31, 2021
https://www.toronto.ca/legdocs/mmis/2022/au/bgrd/backgroundfile-228472.pdf

3g - Toronto Zoo - 2021 Financial Statements

Summary

Financial Statements for the Toronto Zoo for the year ended December 31, 2021.

Background Information
(June 9, 2022) 2021 Financial Statements and Independent Auditors' Report - Board of Management of Toronto Zoo
https://www.toronto.ca/legdocs/mmis/2022/au/bgrd/backgroundfile-228023.pdf

3h - Yonge-Dundas Square - 2021 Financial Statements

Summary

Financial Statements for Yonge-Dundas Square for the year ended December 31, 2021.

Background Information
(April 14, 2022) 2021 Financial Statements - Yonge-Dundas Square
https://www.toronto.ca/legdocs/mmis/2022/au/bgrd/backgroundfile-227985.pdf
Source: Toronto City Clerk at www.toronto.ca/council