The Public GalleryToronto

←Audit Committee · 2022-02-18 · 2022.AU11.11

The filed record

Arenas - 2020 Audited Financial Statements (Report 2) and Status of 2020 Audited Financial Statements

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

2022-04-06 · Toronto City Council · adopted

As filed

City Council on April 6 and 7, 2022 adopted the following: 1. City Council receive the 2020 Audited Financial Statements and Management Letters, where applicable, for the George Bell Arena, the Larry Grossman Forest Hill Memorial Arena, the Moss Park Arena, the North Toronto Memorial Arena, and the William H. (Bill) Bolton Arena in Attachments 1 to 5 to the report (January 31, 2022) from the Auditor General for information.

On the agenda

As the city filed it

The purpose of this report is to provide the Audit Committee and City Council with the 2020 audited financial statements of Arenas and the status of 2020 audited financial statements for Arenas. The 2020 audited financial statements for the eight City Arenas are presented to the Audit Committee after approval by their respective Boards or Committees of Management. The audited financial statements for one Arena was previously presented at the November 2021 Audit Committee.

Show the rest of As the city filed it, 760 more characters as filed

This report presents the Independent Auditor's Report, accompanying financial statements and management letters (if applicable) for five additional Arenas. Of the remaining two Arenas, the audit for one is completed but pending Board approval and the audit for the other is in progress. Depending on when the last two remaining audits are finalized, the Independent Auditor's Reports, accompanying financial statements and management letters (if applicable) of those Arenas will be presented at a subsequent meeting of the Audit Committee. In addition, the 2019 audited financial statements for seven arenas were presented at previous Audit Committee meetings. The audit of the remaining one Arena remains in progress at the time of preparation of this report.

Staff recommended

The Auditor General recommends that: 1. City Council receive the 2020 Audited Financial Statements and Management Letters, where applicable, for the Arenas in Attachments 1 to 5 to this report for information.

Considered

  • 2022-02-18 · Audit Committee · adopted

    Decision as filed

    The Audit Committee recommends that: 1. City Council receive the 2020 Audited Financial Statements and Management Letters, where applicable, for the George Bell Arena, the Larry Grossman Forest Hill Memorial Arena, the Moss Park Arena, the North Toronto Memorial Arena, and the William H. (Bill) Bolton Arena in Attachments 1 to 5 to the report (January 31, 2022) from the Auditor General for information.

  • 2022-04-06 · Toronto City Council · adopted

On the record

The item as the City filed it

More from this meeting

The whole meeting