Item - 2026.RZ13.1

Tracking Status

This item was considered by TO Live - Finance and Audit Committee on June 11, 2026 and was adopted without amendment.

RZ13.1 - 2025 Audited Financial Results Report

Decision Type:: ACTION

Status:: Adopted

Wards:: All

Committee Decision

The TO Live - Finance and Audit Committee recommends that the Board of Directors of TO Live:

1. Approve the 2025 Audited Financial Results as outlined in Attachment 1 and Attachment 2 to the report (May 25, 2026) from the President and Chief Executive Officer, TO Live.

2. Recommends that City Council receive for information the 2025 Audited Financial Results as outlined in Attachment 1 and Attachment 2 to the report (May 25, 2026) from the President and Chief Executive Officer, TO Live.

Decision Advice and Other Information

Kevin Travers, Lead Audit Engagement Partner, KPMG gave a presentation on 2025 Audited Financial Results Report.

Origin

(May 25, 2026) Report from the President and Chief Executive Officer, TO Live

Summary

The purpose of this report is to present the 2025 Audited Financial Results to the Board of Directors of TO Live.

Background Information

(May 25, 2026) Report from the President and Chief Executive Officer, TO Live on 2025 Audited Financial Results Report
https://www.toronto.ca/legdocs/mmis/2026/rz/bgrd/backgroundfile-287439.pdf
Attachment 1 - TO Live 2025 KPMG LLP Audited Financial Statements
https://www.toronto.ca/legdocs/mmis/2026/rz/bgrd/backgroundfile-287440.pdf
Attachment 2 - 2025 KPMG LLP Audit Findings Report
https://www.toronto.ca/legdocs/mmis/2026/rz/bgrd/backgroundfile-287441.pdf

Motions

Motion to Adopt Item moved by Councillor Lily Cheng (Carried)