Programming Reserve Fund

The Public Gallery wrote no story on this item. What follows is the city’s own record of what happened to it, as filed: nothing on this page is summarised or scored by us.

The decision

2019-05-09 · Board of Directors of TO Live · amended

As filed

The Board of Directors of TO Live recommends that: 1. City Council create the TO Live Programming Reserve Fund. 2. City Council, subject to the adoption of Recommendation 1 above, request that the Chief Financial Officer and Treasurer transfer TO Live's 2018 operating surplus in the amount of $0.388 million to the TO Live Programming Reserve Fund as part of the 2018 year-end surplus allocations.

The vote

Amend Item (Additional) · Carried, 8-0

For (2)Gary Crawford, John Filion

Absent (1)Paula Fletcher

The whole record, all 3 members

Gary CrawfordFor
John FilionFor
Paula FletcherAbsent

Every name opens that member’s record.

On the agenda

As the city filed it

In order for TO Live to be successful and ensure that there is a stable funding source for research and development of programming initiatives (TO Live Presents), TO Live wishes to establish a Programming Reserve Fund.

Staff recommended

The President and Chief Executive Officer recommends that the Board of Directors of TO Live: 1. Approve the creation of the Programming Reserve Fund, and its Criteria (see Attachment 1). 2. Recommend that City Council create the TO Live Programming Reserve Fund. 3. Recommend that City Council, subject to the adoption of Recommendation 2 above, request that the City Chief Financial Officer and Treasurer transfer TO Live's 2018 operating surplus in the amount of $0.388 million to the TO Live Programming Reserve Fund as part of the 2018 year-end surplus allocations.

Show the rest of Staff recommended, 81 more characters as filed

4. Approve the Programming Reserve Fund Policy and Procedures (see Attachment 2).

On the record

The item as the City filed it