Toronto Seniors Housing Corporation Annual General Meeting and 2022 Audited Financial Statements

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The decision

2023-07-19 · Toronto City Council · adopted

As filed

City Council on July 19 and 20, 2023, adopted the following: 1. City Council treat the portion of the City Council meeting at which the letter (June 21, 2023) from the Chief Executive Officer, Toronto Seniors Housing Corporation is considered as the Annual General Meeting of the Shareholder for Toronto Seniors Housing Corporation by: a. receiving the Board-approved "Toronto Seniors Housing Corporation 2022 Annual Report" (BD-April 27-Item 12(a)), forming Attachment 2 to the letter (June 21, 2023) from the Chief Executive Officer, Toronto Seniors Housing Corporation; b.

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receiving the Board-approved "Toronto Seniors Housing Corporation 2022 Audited Financial Statements" (BD-April 27-Item 9(a)) forming Attachment 3 to the letter (June 21, 2023) from the Chief Executive Officer, Toronto Seniors Housing Corporation; c. appointing KPMG LLP as the Auditor of Toronto Seniors Housing Corporation for fiscal year 2023, and authorizing the Board of Directors of Toronto Seniors Housing Corporation to set the fee of the Auditor as recommended by the Board (BD-April 27-Item 9(b)); and d. receiving the Toronto Seniors Housing Corporation's 2022 executive compensation disclosure forming Attachment 1 to the letter (June 21, 2023) from the Chief Executive Officer, Toronto Seniors Housing Corporation. 2. City Council receive the Financial Impact section regarding known and anticipated financial outlooks and impacts (current and future years) for Toronto Seniors Housing Corporation forming Attachment 2 to the letter (June 21, 2023) from the Chief Executive Officer, Toronto Seniors Housing Corporation.

On the agenda

As the city filed it

The materials from the adopted recommendations are attached to this transmittal letter for consideration by City Council. As part of the package, the 2022 Annual Report provides information about Toronto Seniors Housing performance and summarizes progress made on key initiatives that the organization undertook during transition in 2022 and since transition occurred on June 1, 2022. The Annual Report also provides information for different stakeholders including tenants, staff, partners and the City of Toronto.

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Although Toronto Seniors Housing Corporation saw substantial accomplishments in 2022, there is much work to do, and we will continue to focus our work to provide safe, diverse and vibrant communities where tenants have a sense of inclusion and well-being.

Staff recommended

The Toronto Seniors Housing Corporation Board recommends that: 1. City Council treat the portion of the City Council meeting at which these recommendations are considered as the Annual General Meeting of the Shareholder for Toronto Seniors Housing Corporation and: a. receive the Board-approved "Toronto Seniors Housing Corporation 2022 Annual Report" (BD-April 27-Item 12(a)); b. receive the Board-approved "Toronto Seniors Housing Corporation 2022 Audited Financial Statements" (BD-April 27-Item #9(a)); c.

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appoint KPMG LLP as the Auditor of Toronto Seniors Housing Corporation for fiscal year 2023, and authorizing the Board of Directors of Toronto Seniors Housing Corporation to set the fee of the Auditor; as recommended by the Board (BD-April 27-Item #9(b)); d. receive the Toronto Seniors Housing Corporation's 2022 executive compensation disclosure forming Attachment 1 to this Report; 2. City Council forward a copy of the Board-approved "Toronto Seniors Housing Corporation 2022 Audited Financial Statements" to City Council's Audit Committee for information. 3. City Council receive the Financial Impact section regarding known and anticipated financial outlooks and impacts (current and future years) for Toronto Seniors Housing Corporation, forming Attachment 2 to this Report.

Considered

2023-07-11 · Executive Committee · adopted
Decision as filed
The Executive Committee recommends that: 1. City Council treat the portion of the City Council meeting at which the letter (June 21, 2023) from the Chief Executive Officer, Toronto Seniors Housing Corporation is considered as the Annual General Meeting of the Shareholder for Toronto Seniors Housing Corporation by: a. receiving the Board-approved "Toronto Seniors Housing Corporation 2022 Annual Report" (BD-April 27-Item 12(a)), forming Attachment 2 to the letter (June 21, 2023) from the Chief Executive Officer, Toronto Seniors Housing Corporation; b.
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receiving the Board-approved "Toronto Seniors Housing Corporation 2022 Audited Financial Statements" (BD-April 27-Item #9(a)) forming Attachment 3 to the letter (June 21, 2023) from the Chief Executive Officer, Toronto Seniors Housing Corporation; c. appointing KPMG LLP as the Auditor of Toronto Seniors Housing Corporation for fiscal year 2023, and authorizing the Board of Directors of Toronto Seniors Housing Corporation to set the fee of the Auditor as recommended by the Board (BD-April 27-Item #9(b)); and d. receiving the Toronto Seniors Housing Corporation's 2022 executive compensation disclosure forming Attachment 1 to the letter (June 21, 2023) from the Chief Executive Officer, Toronto Seniors Housing Corporation. 2. City Council forward a copy of the Board-approved "Toronto Seniors Housing Corporation 2022 Audited Financial Statements" forming Attachment 3 to the letter (June 21, 2023) from the Chief Executive Officer, Toronto Seniors Housing Corporation to the Audit Committee for information. 3. City Council receive the Financial Impact section regarding known and anticipated financial outlooks and impacts (current and future years) for Toronto Seniors Housing Corporation forming Attachment 2 to the letter (June 21, 2023) from the Chief Executive Officer, Toronto Seniors Housing Corporation.
2023-07-19 · Toronto City Council · adopted
Clerk’s note
Executive Committee Recommendation 2 was ruled out of order by the Speaker during the review of Order Paper.

On the record

The item as the City filed it

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