The filed record
Consolidated Entities - 2020 Audited Financial Statements
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The decision
2021-11-09 · Toronto City Council · adopted
As filed
City Council on November 9, 10 and 12, 2021, adopted the following: 1. City Council approve the 2020 Audited Financial Statements and Management Letters for the 59 Business Improvement Areas in Appendices A to BH to the report (October 19, 2021) from the Controller and the Interim 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. For the 2020 fiscal period, there were a total of 82 active BIAs. This report contains the 2020 audited financial statements and management letters for 59 entities. In July 2021, the Audit Committee approved the 2020 audited financial statements and management letters of 2 entities.
Show the rest of As the city filed it, 514 more characters as filed
The 2020 audited financial statements and management letters for 21 other BIAs are in the process of being prepared, audited, or awaiting approval of the respective Boards. 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.
Staff recommended
The Controller and the Interim General Manager, Economic Development and Culture recommend that: 1. City Council approve the 2020 audited financial statements and management letters of the 59 Business Improvement Areas as attached in Appendices A to BH to this report.
Considered
2021-11-02 · Audit Committee · adopted
Decision as filed
The Audit Committee recommends that: 1. City Council approve the 2020 Audited Financial Statements and Management Letters for the 59 Business Improvement Areas in Appendices A to BH to the report (October 19, 2021) from the Controller and the Interim General Manager, Economic Development and Culture.
2021-11-09 · Toronto City Council · adopted
On the record
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