CreateTO 2022 Financial Results

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The decision

2023-04-24 · CreateTO · adopted

As filed

The Board of Directors of CreateTO: 1. Received for information the CreateTO 2022 Highlights Report, in Attachment 1 of the report (April 6, 2023) from the Chief Financial Officer, CreateTO. 2. Received for information KPMG LLP's audit findings report, in Attachment 2 of the report (April 6, 2023) from the Chief Financial Officer, CreateTO. 3. Approved the 2022 Audited Financial Statements, in Attachment 3 of the report (April 6, 2023) from the Chief Financial Officer, CreateTO.

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4. Recommends that City Council receive for information the CreateTO 2022 Highlights Report, in Attachment 1 of the report (April 6, 2023) from the Chief Financial Officer, CreateTO. 5. Recommends that City Council approve the 2022 Audited Financial Statements, in Attachment 3 of the report (April 6, 2023) from the Chief Financial Officer, CreateTO.

On the agenda

As the city filed it

As the City of Toronto's real estate agency, CreateTO manages the City's real estate portfolio, develops City lands and buildings for municipal purposes, and delivers client-focused real estate solutions to City divisions, agencies and corporations. The strategic use of the City's real estate assets is central to achieving Toronto City Council's goals around the delivery of housing, environmental sustainability, economic development, cultural vitality and community health, and diversity, equity and inclusion.

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CreateTO is committed to supporting the City in reaching the targets identified in each of these public policy areas. Key accomplishments achieved in 2022 have been summarized in CreateTO's 2022 Highlights Report. Please refer to Attachment 1 for details. For the year ending December 31, 2022, KPMG LLP conducted the audit and delivered a clean audit opinion. Please refer to Attachment 2 for KPMG LLP's audit findings report and Attachment 3 for the audited financial statements.

Staff recommended

The Chief Financial Officer recommends that the CreateTO Board of Directors: 1. Receive for information the CreateTO 2022 Highlights Report, in Attachment 1 of this report. 2. Receive for information KPMG LLP's audit findings report, in Attachment 2 of this report. 3. Approve the 2022 Audited Financial Statements, in Attachment 3 of this report. 4. Recommend that City Council receive for information the CreateTO 2022 Highlights Report, in Attachment 1 of this report.

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5. Recommend that City Council approve the 2022 Audited Financial Statements, in Attachment 3 of this report.

On the record

The item as the City filed it

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