Item - 2025.AU9.14

The Audit Committee recommends that:

1. City Council receive the 2024 audited financial statements and management letters, where applicable, for the Community Centres in Attachments 1 to 9 to the report (June 26, 2025) from the Auditor General for information:

Attachment 1 - Financial Statements and Report to the Board of Management - 519 Church Street Community Centre;

Attachment 2 - Financial Statements and Report to the Board of Management - Applegrove Community Complex;

Attachment 3 - Financial Statements and Report to the Board of Management - Cecil Community Centre;

Attachment 4 - Financial Statements and Report to the Board of Management - Central Eglinton Community Centre;

Attachment 5 - Financial Statements and Report to the Board of Management - Eastview Neighbourhood Community Centre

Attachment 6 - Financial Statements and Report to the Board of Management - Ralph Thornton Community Centre;

Attachment 7 - Financial Statements and Report to the Board of Management - Scadding Court Community Centre

Attachment 8 - Financial Statements and Report to the Board of Management - Swansea Town Hall Community Centre; and

Attachment 9 - Financial Statements and Report to the Board of Management - Waterfront Neighbourhood Centre.

The purpose of this report is to provide the Audit Committee and City Council with the 2024 audited financial statements of Community Centres.

The 2024 audited financial statements for the ten Community Centres are presented to Audit Committee after approval by their respective Boards of Management.

At this time, the audits of nine Community Centres have been completed, and one was still in progress. Depending on when the remaining audit is completed, the Independent Auditor's Report, accompanying financial statements and management control letter (where applicable) of that Community Centre will be presented at a subsequent meeting of the Audit Committee.