2019 Unaudited Year End Forecast

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

2020-06-23 · Board of Directors of TO Live · adopted

As filed

The Board of Directors of TO Live: 1. Approved the 2019 fourth quarter financial operating results in Confidential Attachments 1, 2 and 3 to the report (January 28, 2020) from the President and Chief Executive Officer, TO Live. 2. Directed the President and Chief Executive Officer, TO Live to work with the City's Chief Financial Officer and Treasurer on exploring options including the use of the Sony Centre Stabilization Reserve (XQ2031) and the Toronto Centre for the Arts Stabilization Reserve (XQ1060) to address the 2019 operating deficit.

Show the rest of As filed, 651 more characters as filed

3. Directed the President and Chief Executive Officer, TO Live to request funds from the TO Live Foundation Board to address the 2019 operating deficit. 4. Directed that Confidential Attachments 1, 2 and 3 to the report (January 28, 2020) from the President and Chief Executive Officer, TO Live remain confidential in their entirety as they contain financial information supplied in confidence to the Board of Directors of TO Live, which, if disclosed, could reasonably be expected to prejudice significantly the competitive position or interfere significantly with the contractual or other negotiations of a person, group of persons, or organization.

On the agenda

As the city filed it

The purpose of this report is to present the 2019 fourth quarter financial results to the Board.

Staff recommended

The TO Live Audit Committee recommends that the Board of Directors of TO Live: 1. Approve the 2019 fourth quarter financial operating results in Confidential Attachments 1, 2 and 3 to the report (January 28, 2020) from the President and Chief Executive Officer, TO Live. 2. Direct the President and Chief Executive Officer, TO Live to work with the City's Chief Financial Officer and Treasurer on exploring options including the use of the Sony Centre Stabilization Reserve (XQ2031) and the Toronto Centre for the Arts Stabilization Reserve (XQ1060) to address the 2019 operating deficit.

Show the rest of Staff recommended, 554 more characters as filed

3. Direct the President and Chief Executive Officer, TO Live to request funds from the TO Live Foundation Board to address the 2019 operating deficit. 4. Direct that Confidential Attachments 1, 2 and 3 to the report (January 28, 2020) from the President and Chief Executive Officer, TO Live remain confidential in their entirety because if disclosed, they could reasonably be expected to prejudice significantly the competitive position or interfere significantly with the contractual or other negotiations of a person, group of persons, or organization.

On the record

The item as the City filed it

More from this meeting

The whole meeting