Item - 2022.RZ17.3

Tracking Status

This item was considered by TO Live - Audit Committee on June 14, 2022 and was adopted without amendment.

RZ17.3 - 2022 First Quarter Financial Results and Commentary

Decision Type:: ACTION

Status:: Adopted

Wards:: All

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

Committee Decision

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

1. Approve the 2022 first quarter financial operating results, as noted in Confidential Attachment 1 to the report (May 26, 2022) from the President and Chief Executive Officer, TO Live.

2. Direct that Confidential Attachments 1 and 2 to the report (May 26, 2022) 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 TO Live - 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 prejudice significantly the competitive position or interfere significantly with the contractual or other negotiations of a person, group of persons, or organization.

Origin

(May 26, 2022) Report from the President and Chief Executive Officer on 2022 First Quarter Financial Results and Commentary

Summary

The purpose of this report is to present the 2022 first quarter financial results to the Board.

Background Information

(May 26, 2022) Report from the President and Chief Executive Officer on 2022 First Quarter Financial Results and Commentary
https://www.toronto.ca/legdocs/mmis/2022/rz/bgrd/backgroundfile-226672.pdf
Confidential Attachment 1 - 2022 First Quarter Operating Results Commentary and Appendices 1 - 7
Confidential Attachment 2 - 2022 First Quarter Statement of Contribution Margin

Motions

Motion to Adopt Item moved by Mustafa Humayun (Carried)