Item - 2022.CT33.3

Tracking Status

CT33.3 - 2021 Audited Financial Results

Decision Type:
ACTION
Status:
Adopted

Confidential Attachment - financial information supplied in confidence to the Board of Directors to 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.  Approved the 2021 Audited Financial Results, as noted in Attachment 1 and Confidential Attachment 1 to the report (April 5, 2022) from the President and Chief Executive Officer, TO Live.

 

2.  Authorized the public release of Confidential Attachment 1 to the report (April 5, 2022) from the President and Chief Executive Officer, TO Live, once adopted by the Board and finalized and signed by KPMG LLP.

 

Confidential Attachment 1 to the report (April 5, 2022) from the President and Chief Executive Officer, TO Live is now public and can be accessed under Background Information.

Origin

(April 20, 2022) Letter from the TO Live - Audit Committee

Summary

At its meeting on April 20, 2022, the TO Live - Audit Committee considered item RZ15.1 and made recommendations to the Board of Directors of TO Live.

 

Summary from the report (April 5, 2022) from the President and Chief Executive Officer, TO Live:

 

The purpose of this report is to present the Board with the 2021 audited financial results for The Board of Directors of TO Live.

Background Information

(April 20, 2022) Letter from the TO Live - Audit Committee on 2021 Audited Financial Results
https://www.toronto.ca/legdocs/mmis/2022/ct/bgrd/backgroundfile-224845.pdf
(April 5, 2022) Report from the President and Chief Executive Officer, TO Live on 2021 Audited Financial Results
https://www.toronto.ca/legdocs/mmis/2022/ct/bgrd/backgroundfile-224846.pdf
Attachment 1 - TO Live - 2021 KPMG LLP Audit Findings Report
https://www.toronto.ca/legdocs/mmis/2022/ct/bgrd/backgroundfile-224847.pdf
Confidential Attachment 1 - TO Live 2021 KPMG LLP Audited Financial Statements - made public on January 5, 2023
https://www.toronto.ca/legdocs/mmis/2022/ct/bgrd/backgroundfile-224848.pdf

Motions

Motion to Adopt Item moved by Owais Lightwala (Carried)
Source: Toronto City Clerk at www.toronto.ca/council