The filed record
2019 Unaudited Year End Forecast
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The decision
2020-02-11 · TO Live - Audit Committee · adopted
As filed
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 of Toronto'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.
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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 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 President and Chief Executive Officer, TO Live recommends that the Board of Directors of TO Live: 1. Approve the 2019 fourth quarter financial operating results in Confidential Attachment 1, 2 and 3. 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.
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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 Attachment 1, 2 and 3 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.