Item - 2024.TA6.12
Tracking Status
- This item was considered by Toronto Atmospheric Fund on April 26, 2024 and was adopted without amendment.
TA6.12 - Draft Audited Consolidated Financial Statements for the Year Ended December 31, 2023
- Decision Type:
- ACTION
- Status:
- Adopted
Board Decision
The Board of Directors of the Toronto Atmospheric Fund:
1. Approved the transfer of:
a. $1,427,127 from the Toronto General Fund (unrestricted) to the Internally restricted Stabilization Fund;
b. $763,775 from the Ontario General Fund (unrestricted) to the Internally restricted Stabilization Fund; and
c. $1,483,753 from the Canada General Fund (unrestricted) to the Internally restricted Stabilization Fund.
2. Approved the Toronto Atmospheric Fund 2023 Audited Consolidated Financial Statements as presented in Attachment 1 to the report (April 24, 2024) from the Director of Finance, Toronto Atmospheric Fund.
Origin
Summary
The 2023 Audited Consolidated Financial Statements have been prepared by Grant Thornton LLP and are presented to the Toronto Atmospheric Fund (TAF) Board of Directors for approval. These statements provide separate fund accounting for the endowment funds provided to Toronto Atmospheric Fund by the City of Toronto, Province of Ontario, and Government of Canada.
Background Information
https://www.toronto.ca/legdocs/mmis/2024/ta/bgrd/backgroundfile-245265.pdf
Attachment 1 - Draft Audited Consolidated Financial Statements for Toronto Atmospheric Fund for the Year Ended December 31, 2023
https://www.toronto.ca/legdocs/mmis/2024/ta/bgrd/backgroundfile-245266.pdf