Item - 2026.AU12.5
Tracking Status
- City Council adopted this item on May 20 and 21, 2026 without amendments and without debate.
- This item was considered by the Audit Committee on May 1, 2026 and adopted without amendment. It will be considered by City Council on May 20 and 21, 2026.
AU12.5 - Moss Park Arena - 2024 Audited Financial Statements
- Decision Type:
- ACTION
- Status:
- Adopted on Consent
- Wards:
- All
City Council Decision
City Council on May 20 and 21, 2026, adopted the following:
1. City Council receive the 2024 audited financial statements and management letter for the Arena in attachment 1 to the report (April 16, 2026) from the Auditor General for information.
Background Information (Committee)
https://www.toronto.ca/legdocs/mmis/2026/au/bgrd/backgroundfile-286243.pdf
Attachment 1: Financial Statements and Report to the Board of Management - Moss Park Arena
https://www.toronto.ca/legdocs/mmis/2026/au/bgrd/backgroundfile-286244.pdf
AU12.5 - Moss Park Arena - 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 Arena in attachment 1 to the report (April 16, 2026) from the Auditor General for information.
Origin
Summary
The purpose of this report is to provide the Audit Committee and City Council with 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 seven Arenas were previously presented at the July 11, 2025, November 5, 2025, and February 12, 2026 Audit Committee meetings. This report presents City Council with the Independent Auditor's Report, accompanying financial statements and management control letter for the one remaining Arena.
Background Information
https://www.toronto.ca/legdocs/mmis/2026/au/bgrd/backgroundfile-286243.pdf
Attachment 1: Financial Statements and Report to the Board of Management - Moss Park Arena
https://www.toronto.ca/legdocs/mmis/2026/au/bgrd/backgroundfile-286244.pdf