The filed record
Programming Reserve Fund
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The decision
2019-05-03 · TO Live - Planning and Priorities Committee · adopted
As filed
The Policies and Priorities Committee recommends that the Board of Directors of TO Live: 1. Approve the creation of the Programming Reserve Fund, and its Criteria in Attachment 1 to the report (April 17, 2019) from the President and Chief Executive Officer, TO Live. 2. Recommend that City Council create the TO Live Programming Reserve Fund in Attachment 1 to the report (April 17, 2019) from the President and Chief Executive Officer, TO Live.
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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. 4. Approve the Programming Reserve Fund Policy and Procedures in Attachment 2 to the report (April 17, 2019) from the President and Chief Executive Officer, TO Live.
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.
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4. Approve the Programming Reserve Fund Policy and Procedures (see Attachment 2).