Item - 2025.RA20.3
Tracking Status
- This item was considered by CreateTO on July 21, 2025 and was adopted without amendment.
RA20.3 - 2025 Second Quarter Financial Results
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
Board Decision
The Board of Directors of CreateTO:
1. Received the report to (July 7, 2025) from the Chief Executive Officer, CreateTO for information.
Decision Advice and Other Information
The Chief Financial Officer, CreateTO gave a presentation on 2025 Second Quarter Financial Results.
Origin
(July 7, 2025) Report from the Chief Executive Officer, CreateTO
Summary
For the six months ended June 30, 2025, CreateTO continues to operate on a net zero basis. Total expenditures are tracking $0.71 million lower than the budget, with annual expenditures expected to be in line with the approved budget of $ 14.391 million gross, $0 net.
Background Information
(July 7, 2025)
Report from the Chief Executive Officer, CreateTO, on 2025 Second Quarter Financial Results
https://www.toronto.ca/legdocs/mmis/2025/ra/bgrd/backgroundfile-257281.pdf
(July 21, 2025) Presentation from the Chief Executive Officer, CreateTO, on CreateTO Second Quarter Financial Results
https://www.toronto.ca/legdocs/mmis/2025/ra/bgrd/backgroundfile-257575.pdf
https://www.toronto.ca/legdocs/mmis/2025/ra/bgrd/backgroundfile-257281.pdf
(July 21, 2025) Presentation from the Chief Executive Officer, CreateTO, on CreateTO Second Quarter Financial Results
https://www.toronto.ca/legdocs/mmis/2025/ra/bgrd/backgroundfile-257575.pdf
Communications
(July 20, 2025) E-mail from
Nicole Corrado (RA.New)
Motions
Motion
to Adopt Item
moved by
Allison Mendes
(Carried)