The filed record
CreateTO 2019 Financial Results and Annual Report
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The decision
2020-04-24 · CreateTO · adopted
As filed
The Board of Directors of CreateTO: 1. Received for information PricewaterhouseCoopers LLP's draft audit results report, in Attachment 1 to the report (April 16, 2020) from the Chief Executive Officer, CreateTO . 2. Recommended that City Council receive for information, the 2019 Annual Report, in Attachment 2 to the report (April 16, 2020) from the Chief Executive Officer, CreateTO. 3. Approved the 2019 Audited Financial Statements, in Attachment 3 to the report (April 16, 2020) from the Chief Executive Officer, CreateTO.
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4. Recommended that City Council approve the 2019 Audited Financial Statements, in Attachment 3 to the report (April 16, 2020) from the Chief Executive Officer, CreateTO.
The vote
Adopt Item · Carried, 8-0
The whole record, all 2 members
- Ana BailãoFor
- Paula FletcherFor
Every name opens that member’s record.
On the agenda
As the city filed it
As the City of Toronto's real estate agency, CreateTO manages the City's real estate portfolio, develops City buildings and lands for municipal purposes and delivers client-focused real estate solutions to City divisions, agencies and corporations. For the year ending December 31, 2019, CreateTO generated revenue of $12.49 million, had expenditures of $12.49 million, and net income of $0.
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 2019 Annual Report, in Attachment 2 of this report. 3. Approve the 2019 Audited Financial Statements, in Attachment 3 of this report. 4. Recommend that City Council approve the 2019 Audited Financial Statements, in Attachment 3.