Item - 2026.AU11.8
Tracking Status
- City Council adopted this item on March 25 and 26, 2026 without amendments and without debate.
- This item was considered by the Audit Committee on February 12, 2026 and adopted without amendment. It will be considered by City Council on March 25 and 26, 2026.
AU11.8 - Arenas - 2024 Audited Financial Statements and Status of Outstanding 2024 Audited Financial Statements
- Decision Type:
- ACTION
- Status:
- Adopted on Consent
- Wards:
- All
City Council Decision
City Council on March 25 and 26, 2026, adopted the following:
1. City Council receive the 2024 audited financial statements and management letter, where applicable, for the Ted Reeve Community Arena in attachment 1 to the report (February 2, 2026) from the Auditor General for information.
Background Information (Committee)
https://www.toronto.ca/legdocs/mmis/2026/au/bgrd/backgroundfile-264751.pdf
Attachment 1 - Financial Statements and Report to the Board of Management - Ted Reeve Community Arena
https://www.toronto.ca/legdocs/mmis/2026/au/bgrd/backgroundfile-264752.pdf
Communications (Committee)
AU11.8 - Arenas - 2024 Audited Financial Statements and Status of Outstanding 2024 Audited Financial Statements
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
Committee Recommendations
The Audit Committee recommends that:
1. City Council receive the 2024 audited financial statements and management letter for the Ted Reeve Community Arena in attachment 1 to the report (February 2, 2026) from the Auditor General for information.
Origin
Summary
The purpose of this report is to provide the Audit Committee and City Council with a status update on the 2024 audited financial statements of Arenas.
The 2024 audited financial statements for the eight City Arenas are presented to the Audit Committee after approval by their respective Boards or Committees of Management.
The financial statements for six Arenas were previously presented at the July 11 and November 5, 2025 Audit Committee. At the time of preparation of this report, there were 2024 audited financial statements available for one Arena. The audit for the one remaining Arena was awaiting board approval. The Independent Auditor's Report, accompanying financial statements and management control letter (if applicable) will be presented at a subsequent meeting of the Audit Committee.
Background Information
https://www.toronto.ca/legdocs/mmis/2026/au/bgrd/backgroundfile-264751.pdf
Attachment 1 - Financial Statements and Report to the Board of Management - Ted Reeve Community Arena
https://www.toronto.ca/legdocs/mmis/2026/au/bgrd/backgroundfile-264752.pdf