Draft Audited Consolidated Financial Statements for the year ended December 31, 2020

The Public Gallery wrote no story on this item. What follows is the city’s own record of what happened to it, as filed: nothing on this page is summarised or scored by us.

The decision

2021-04-26 · Board of Directors of the Toronto Atmospheric Fund · adopted

As filed

The Board of Directors of the Toronto Atmospheric Fund: 1. Approved transfers of: $485,553 to the Toronto Stabilization Fund; $1,388,507 less adjustment of $874,879 for a net of $513,628 to the Ontario Stabilization Fund; and $922,778 to the Canada Stabilization Fund. 2. Approved the 2020 Audited Consolidated Financial Statements.

On the agenda

As the city filed it

The 2020 Audited Consolidated Financial Statements and Report have been prepared by Welch LLP and are presented to the Toronto Atmospheric Fund (TAF) Board of Directors for approval. These statements provide separate fund accounting for the City of Toronto, Province of Ontario, and Government of Canada endowment funds.

Staff recommended

The Director of Finance recommends that the Board of Directors of theToronto Atmospheric Fund: 1. Approve transfers of: $485,553 to the Toronto Stabilization Fund; $1,388,507 less adjustment of $874,879 for a net of $513,628 to the Ontario Stabilization Fund; and $922,778 to the Canada Stabilization Fund. 2. Approve the 2020 Audited Consolidated Financial Statements.

On the record

The item as the City filed it