Association of Community Centres Settlement of Operating Results for Year Ended 2021

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The decision

2023-11-08 · Toronto City Council · adopted

As filed

City Council on November 8 and 9, 2023, adopted the following: 1. City Council direct the 2021 operating surpluses of six of the Community Centres (Central Eglinton Community Centre, Eastview Neighbourhood Community Centre, Ralph Thornton Community Centre, Scadding Court Community Centre, Swansea Town Hall Community Centre and Waterfront Community Centre) totalling $536,457 be paid to the City of Toronto and the City

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of Toronto provide four Community Centres (Applegrove Community Centre, Cecil Street Community Centre, Community Centre 55 and 519 Church Street Community Centre) with supplementary subsidies to fund the operating deficits totalling $35,850, resulting in a net operating surplus of $500,607 to be received by the City, as illustrated in Appendix A to the report (October 17, 2023) from the Interim Chief Financial Officer and Treasurer. 2. City Council direct the Deputy City Manager, Community and Social Services to undertake a feasibility study on opportunities to add new Association of Community Centres in the City, funded from unspent Association of Community Centres funds for 2022, and to report on the scope of the study to the January 11, 2024 meeting of the Economic and Community Development Committee.

On the agenda

As the city filed it

On an annual basis, the City of Toronto receives the audited financial statements from 10 Association of Community Centres. The audited financial statements assist the City to determine whether additional operating subsidy payments need to be provided to or clawed back from the Association of Community Centres to settle their operating deficits or surpluses. The audited financial statements are based on the Public Sector Accounting Board requirements for government not-for-profit entities while the operating deficits or surpluses align with the modified cash basis of accounting.

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This report recommends settlement with the Association of Community Centres for 2021 based on their audited financial results as of December 31, 2021. While normally the prior year end settlement reports for both Association of Community Centres and Arena Boards are submitted together to Council in the following year, the 2021 settlement reports were delayed due to delays in completing the 2021 audits. City staff will present the 2022 Settlement Reports at the first opportunity to the City Council for consideration and approval.

Staff recommended

The Interim Chief Financial Officer and Treasurer recommends that: 1. City Council direct the 2021 operating surpluses of six of the centres (Central Eglinton Community Centre, Eastview Neighbourhood Community Centre, Ralph Thornton Community Centre, Scadding Court Community Centre, Swansea Town Hall Community Centre and Waterfront Community Centre) totalling $536,457 be paid to the City of Toronto and the City of Toronto

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provide four centres (Applegrove Community Centre, Cecil Street Community Centre, Community Centre 55 and 519 Church Street Community Centre) with supplementary subsidies to fund the operating deficits totalling $35,850, resulting in a net operating surplus of $500,607 to be received by the City, as illustrated in Appendix A of this report.

Considered

2023-10-31 · Executive Committee · amended
Decision as filed
The Executive Committee recommends that: 1. City Council direct the 2021 operating surpluses of six of the centres (Central Eglinton Community Centre, Eastview Neighbourhood Community Centre, Ralph Thornton Community Centre, Scadding Court Community Centre, Swansea Town Hall Community Centre and Waterfront Community Centre) totalling $536,457 be paid to the City of Toronto and the City of Toronto provide four centres (Applegrove Community Centre, Cecil Street Community Centre, Community Centre 55 and 519 Church Street Community Centre) with supplementary subsidies to fund the operating deficits totalling $35,850, resulting in a net operating surplus of $500,607 to be received by the City, as illustrated in Appendix A to the report (October 17, 2023) from the Interim Chief Financial Officer and Treasurer.
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2. City Council direct the Deputy City Manager, Community and Social Services to undertake a feasibility study on opportunities to add new Association of Community Centres in the City, funded from unspent Association of Community Centres funds for 2022, and to report on the scope of the study to the January 11, 2024 meeting of the Economic and Community Development Committee.
2023-11-08 · Toronto City Council · adopted

On the record

The item as the City filed it

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