Item - 2024.AU5.9

The Audit Committee recommend that:

1. City Council receive the 2023 audited financial statements and management letters, where applicable, for the Community Centres in attachments 1 to 8 to the report (June 27, 2024) from the Auditor General for information.

The purpose of this report is to provide the Audit Committee and City Council with the 2023 audited financial statements of Community Centres.

The 2023 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 awaiting final sign-off by the board. 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.