The filed record
Business Improvement Areas (BIAs) - 2018 and 2019 Audited Financial Statements
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The decision
2020-12-16 · Toronto City Council · adopted
As filed
City Council on December 16, 17 and 18, 2020, adopted the following: 1. City Council approve the 2018 Audited Financial Statements and Management Letters for 33 Business Improvement Areas and the 2019 Audited Financial Statements and Management Letters for 63 Business Improvement Areas in Appendices A to CD to the report (November 13, 2020) from the Controller and the General Manager, Economic Development and Culture.
On the agenda
As the city filed it
The purpose of this report is to present the City of Toronto's (City) Business Improvement Areas' (BIAs) audited financial statements and management letters for approval. This report contains the 2019 audited financial statements and management letters for 63 entities and the 2018 audited financial statements and management letters for 33 entities. All 2018 audited financial statements have now been presented for approval, with the exception of Historic Queen BIA, which does not have any revenues or expenses to report.
Show the rest of As the city filed it, 509 more characters as filed
All of the in-scope BIAs have received an unqualified audit opinion for their financial statements. Several BIAs received audit recommendations for minor internal control and process improvements that have been accepted by the respective BIA Boards of Management - these audit recommendations can be found in the attached management letters. The City will provide a separate report to the Audit Committee in 2021 to disclose the results of any fiscal 2019 external audits that remain outstanding at this time.
Staff recommended
The Controller and the General Manager, Economic Development and Culture recommend that: 1. City Council approve the 2018 audited financial statements and management letters of the 33 Business Improvement Areas and the 2019 audited financial statements and management letters of the 63 Business Improvement Areas as attached in Appendices A to CD to this report.
Considered
2020-11-19 · Audit Committee · adopted
Decision as filed
The Audit Committee recommends that: 1. City Council approve the 2018 Audited Financial Statements and Management Letters for 33 Business Improvement Areas and the 2019 Audited Financial Statements and Management Letters for 63 Business Improvement Areas in Appendices A to CD to the report (November 13, 2020) from the Controller and the General Manager, Economic Development and Culture.
2020-12-16 · Toronto City Council · adopted
On the record
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