The filed record
Business Improvement Areas (BIAs) - 2019 and 2020 Audited Financial Statements
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The decision
2021-07-14 · Toronto City Council · adopted
As filed
City Council on July 14, 15 and 16, 2021, adopted the following: 1. City Council approve the 2019 Audited Financial Statements and Management Letters for the 16 Business Improvement Areas and the 2020 Audited Financial Statements and Management Letters for the 2 Business Improvement Areas in Appendices A to S to the report (June 21, 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. This report contains the 2019 audited financial statements and management letters for 16 entities and the 2020 audited financial statements and management letters for 2 entities. All 2019 audited financial statements have now been presented for approval, with the exception of Historic Queen BIA, which does not have any revenues or expenses to report.
Show the rest of As the city filed it, 341 more characters as filed
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 2019 audited financial statements and management letters of the 16 Business Improvement Areas and the 2020 audited financial statements and management letters of the 2 Business Improvement Areas as attached in Appendices A to S to this report.
Considered
2021-07-07 · Audit Committee · adopted
Decision as filed
The Audit Committee recommends that: 1. City Council approve the 2019 Audited Financial Statements and Management Letters for the 16 Business Improvement Areas and the 2020 Audited Financial Statements and Management Letters for the 2 Business Improvement Areas in Appendices A to S to the report (June 21, 2021) from the Controller and the Interim General Manager, Economic Development and Culture.
2021-07-14 · Toronto City Council · adopted
On the record
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