The Public GalleryToronto

CreateTO · 2019-05-13 · 2019.RA5.3

The filed record

CreateTO 2018 Financial Results and Annual Report

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The decision

2019-05-13 · CreateTO · adopted

As filed

The Board of Directors of CreateTO: 1. Received for information PricewaterhouseCoopers LLP's draft audit results report, in Attachment 1 of the report (April 29, 2019) from the Chief Financial Officer, CreateTO. 2. Recommended that City Council receive for information, the 2018 Annual Report, in Attachment 2 of the report (April 29, 2019) from the Chief Financial Officer, CreateTO. 3. Approved the 2018 Audited Financial Statements, in Attachment 3 of the report (April 29, 2019) from the Chief Financial Officer, CreateTO.

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4. Recommended that City Council approve the 2018 Audited Financial Statements, in Attachment 3 of the report (April 29, 2019) from the Chief Financial Officer, CreateTO.

On the agenda

As the city filed it

2018 marked the first year of operations for CreateTO. For the year ending December 31, 2018, CreateTO Financial results are in line with the 2018 budget of $11.4 million.

Staff recommended

The Chief Executive Officer recommends that the CreateTO Board of Directors: 1. Receive for information PricewaterhouseCoopers LLP's draft audit results report, in Attachment 1 of this report. 2. Recommend that City Council receive for information, the 2018 Annual Report, in Attachment 2 of this report. 3. Approve the 2018 Audited Financial Statements, in Attachment 3 of this report. 4. Recommend that City Council approve the 2018 Audited Financial Statements, in Attachment 3.

    On the record

    The item as the City filed it

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