Item - 2025.TTA3.2

Tracking Status

This item was considered by the Toronto Transit Commission - Audit, Finance and Risk Management Committee on September 22, 2025. The Committee received the item for information only. No further action will be taken on this item.

TTA3.2 - 2024 Uncollectible Accounts Receivable (Referred from the June 9, 2025 Audit & Risk Management Committee meeting)

Decision Type:: Information

Status:: Received

Commission Decision

The Audit & Risk Management Committee received the 2024 Uncollectible Accounts Receivable report for information.

Origin

(June 9, 2025) Report from the Deputy Chief Executive Officer

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. As requested by the Committee, additional information has been provided in the supplementary report titled 2024 Uncollectible Accounts Receivable - Additional Info.

Background Information

(June 9, 2025) Report from the Deputy Chief Executive Officer on 2024 Uncollectible Accounts Receivable
https://www.toronto.ca/legdocs/mmis/2025/tta/bgrd/backgroundfile-258465.pdf
(September 22, 2025) Supplementary Report from the Deputy CEO on 2024 Uncollectible Accounts Receivable - Additional Info
https://www.toronto.ca/legdocs/mmis/2025/tta/bgrd/backgroundfile-258517.pdf

Motions

Motion to Receive Item moved by Fenton Jagdeo (Carried)

That the item be received for information.