Item - 2025.TTA2.4
Tracking Status
- This item was considered by Toronto Transit Commission - Audit & Risk Management Committee on June 9, 2025. The Toronto Transit Commission - Audit & Risk Management Committee has referred this item to an official or other body without making a decision. Consult the text of the decision for further information on the referral.
TTA2.4 - 2024 Uncollectible Accounts Receivable
- Decision Type:
- Information
- Status:
- Referred
Commission Decision
The TTC Audit & Risk Management Committee referred this item to staff for additional information, to be reported to the Audit & Risk Management Committee at its next regular meeting.
Origin
Summary
The Uncollectible Accounts Receivable report is submitted annually to the Audit and Risk Management Committee for its information in accordance with the TTC’s Authorization for Expenditures and Other Commitments Policy.
The total value of uncollectible accounts written off for 2024 amounted to $635,252.34, and the total annual receivables amounted to $335 million, yielding a collection rate of 99.82%.
This report provides information on accounts receivable amounts written off as uncollectible in 2024 under delegated authority.
Background Information
https://www.toronto.ca/legdocs/mmis/2025/tta/bgrd/backgroundfile-255902.pdf
Motions
That the 2024 Uncollectible Accounts Receivable report be referred to staff for additional information, to be reported to the Audit & Risk Management Committee at its next regular meeting.