Item - 2023.AU2.12

The Audit Committee recommends that:

1. City Council receive the 2022 audited financial statements and management letters, where applicable, for the Community Centres in attachments 1 to 8 to the report (June 21, 2023) from the Auditor General for information.

2. City Council receive the 2021 audited financial statements and management letter of Scadding Court Community Centre in attachment 9 to the report (June 21, 2023) from the Auditor General for information.

The purpose of this report is to provide the Audit Committee and City Council with the 2022 audited financial statements of Community Centres and a status update on the outstanding 2022 and prior audited financial statements.

The 2022 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 eight Community Centres have been completed, one was still in progress and another one had not yet started. Depending on when the remaining audits are completed, the Independent Auditor's Reports, accompanying financial statements and management control letters (where applicable) of those Community Centres will be presented at a subsequent meeting of the Audit Committee.

This report also presents the 2021 Independent Auditor's Report and accompanying financial statements and management letter for Scadding Court Community Centre.