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Audit Committee · 2019-06-28 · 2019.AU3.8

The filed record

Trust Funds - 2018 Audited Consolidated Financial Statements

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The decision

2019-07-16 · Toronto City Council · adopted

As filed

City Council on July 16, 17 and 18, 2019, adopted the following: 1. City Council approve the 2018 Consolidated Financial Statements for the City of Toronto Trust Funds as attached in Appendix A to the report (June 12, 2019) from the Controller.

On the agenda

As the city filed it

The City of Toronto (City), its' agencies, and corporations are the beneficiaries of assets from third parties intended to be used for specific purposes. These assets, held mostly in cash and investments, are administered through the City and two of its' related parties. Although these trust funds are assets to the City and its consolidated parties, they are not included in the City's Consolidated Financial Statements.

Show the rest of As the city filed it, 455 more characters as filed

This report presents the City's Consolidated Trust Funds Financial Statements for the year ended December 31, 2018 and provides highlights of the Trust Funds' 2018 financial performance and financial condition as of December 31, 2018. The Trust Fund Financial Statements are audited by PricewaterhouseCoopers (PwC). The City received an unqualified audit opinion and no internal control recommendations related to the 2018 Trust Fund Financial Statements.

Staff recommended

The Controller recommends that: 1. City Council approve the 2018 Consolidated Financial Statements for the City of Toronto Trust Funds as attached in Appendix A of this report.

Considered

  • 2019-06-28 · Audit Committee · adopted

    Decision as filed

    The Audit Committee recommends that: 1. City Council approve the 2018 Consolidated Financial Statements for the City of Toronto Trust Funds as attached in Appendix A to the report (June 12, 2019) from the Controller.

  • 2019-07-16 · Toronto City Council · adopted

On the record

The item as the City filed it

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