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Board of Directors of the Toronto Atmospheric Fund · 2019-02-22 · 2019.TA1.8

The filed record

Unaudited Financial Results for the Year ended December 31, 2018

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The decision

2019-02-22 · Board of Directors of the Toronto Atmospheric Fund · received

As filed

The Board of Directors of the Toronto Atmospheric Fund: 1. Received the report (February 7, 2019) from the Director of Finance and Operations for information.

On the agenda

As the city filed it

The unaudited consolidated financial results for the full 2018 fiscal year are compared to the approved 2018 budget. Performance of the marketable securities was softer in the fourth quarter (Q4) due to global financial market volatility. These unrealized 'paper losses' during Q4 were partially offset by excellent performance of Toronto Atmospheric Fund's direct investments. Despite softer Q4 results, full year total revenues are positive and full year total expenses are within budget.

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