Draft Audited Consolidated Financial Statements for the year ended December 31, 2022

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

2023-04-27 · Toronto Atmospheric Fund · amended

As filed

The Board of Directors of the Toronto Atmospheric Fund: 1. Approved the transfer of: a. $4,245,402 from the Toronto Internally-restricted (Stabilization) Fund to the Toronto Externally-restricted Fund; b. $2,456,504 from the Ontario Internally-restricted (Stabilization) Fund to the Ontario Externally-restricted Fund; and c. $1,713,979 from the Canada Internally-restricted (Stabilization) Fund to the Canada Externally-restricted Fund.

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2. Approved the Toronto Atmospheric Fund 2022 Audited Consolidated Financial Statements in Attachment 1 to the report (April 26, 2023) from the Director of Finance, Toronto Atmospheric Fund, unless there are any material changes.

On the agenda

As the city filed it

The 2022 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 the Toronto Atmospheric Fund: 1. Approve the transfer of: a. $4,245,402 from the Toronto Internally-restricted (Stabilization) Fund to the Toronto Externally-restricted Fund; b. $2,456,504 from the Ontario Internally-restricted (Stabilization) Fund to the Ontario Externally-restricted Fund; and c. $1,713,979 from the Canada Internally-restricted (Stabilization) Fund to the Canada Externally-restricted Fund.

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2. Approve the Toronto Atmospheric Fund 2022 Audited Consolidated Financial Statements in Attachment 1.

On the record

The item as the City filed it