Item - 2026.TTA6.7
Tracking Status
- This item was considered by the Toronto Transit Commission - Audit, Finance and Risk Management Committee on May 26, 2026. The Committee received the item for information only. No further action will be taken on this item.
TTA6.7 - 2025 Uncollectible Accounts Receivable
- Decision Type:
- Information
- Status:
- Received
Commission Decision
The Audit, Finance and Risk Management Committee received the 2025 Uncollectible Accounts Receivable report for information.
Origin
(May 26, 2026) Report from the Interim Chief Financial Officer
Summary
The Uncollectible Accounts Receivable report is submitted annually to the Audit, Finance 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 2025 amounted to $5,707,251.40, and the total annual receivables amounted to $334 million, yielding a collection rate of 98.29%.
This report provides information on accounts receivable amounts written off as uncollectible in 2025 under delegated authority.
Background Information
(May 26, 2026)
Report and Attachment 1 from the Interim Chief Financial Officer on 2025 Uncollectible Accounts Receivable
https://www.toronto.ca/legdocs/mmis/2026/tta/bgrd/backgroundfile-287083.pdf
https://www.toronto.ca/legdocs/mmis/2026/tta/bgrd/backgroundfile-287083.pdf
Motions
Motion
to Receive Item
moved by
Julie Osborne
(Carried)