The filed record
Toronto Live Foundation - Draw Request
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The decision
2020-06-23 · TO Live - Audit Committee · amended
As filed
The TO Live - Audit Committee recommends that the Board of Directors of TO Live: 1. Direct the President and Chief Executive Officer, TO Live to request a draw of up to $1.0 million for operating support from the Toronto Live Foundation Board to address any 2020 operating funding shortfall. 2. Direct the President and Chief Executive Officer, TO Live to request funds of up to $250,000 from the Toronto Live Foundation Board to support the first phase of TO Live's recovery program described in Attachment 1 (Appendix B, pages 19-23), in the event that the Recommendation 1 above will not be required.
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3. Direct the President and Chief Executive Officer, TO Live to report back to the Board on the actions taken related to the recommendations above and the amount of funds requested from the Toronto Live Foundation.
On the agenda
As the city filed it
The purpose of this report is to put in place a back-up operating funding source to maintain and stabilize operations for the July to December 2020 period.
Staff recommended
The President and Chief Executive Officer, TO Live recommends that the Board of Directors of TO Live: 1. Direct the President and Chief Executive Officer, TO Live to request a draw of up to $1 Million for operating support from the Toronto Live Foundation Board to address any 2020 operating funding shortfall.