The filed record
Business Improvement Areas - Update on 2022 Audited Financial Statements
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The decision
2024-07-24 · Toronto City Council · adopted
As filed
City Council on July 24 and 25, 2024, adopted the following: 1. City Council approve the 2022 Audited Financial Statements and management letters of the Business Improvement Areas as attached in Appendices A to CD to the report (June 17, 2024) from the Chief Financial Officer and Treasurer.
On the agenda
As the city filed it
The purpose of this report is to present the Audit Committee and City Council with the audited financial statements and management letters of 69 Business Improvement Areas (BIAs) for fiscal 2022. In 2022, City Council dissolved the Bloor Street Business Improvement Area and authorized for its assets to be transferred to the Bloor-Yorkville Business Improvement Area. Based on City Council's direction, the formal dissolution and asset transfers were completed in 2023 - the financial impacts associated with these activities will be reflected and disclosed in the Bloor-Yorkville Business Improvement Area's 2023 audited financial statements.
Show the rest of As the city filed it, 300 more characters as filed
As a result, the Bloor Street Business Improvement Area's 2022 year-end financial statements are not included as part of this report. All of the audited financial statements and management letters included in this report have been previously approved by their respective Boards of Management (Board).
Staff recommended
The Chief Financial Officer and Treasurer recommends that: 1. City Council approve the 2022 audited financial statements and management letters of the Business Improvement Areas as attached in Appendices A to CD to this report.
Considered
2024-07-05 · Audit Committee · adopted
Decision as filed
The Audit Committee recommends that: 1. City Council approve the 2022 audited financial statements and management letters of the Business Improvement Areas as attached in Appendices A to CD to the report (June 17, 2024) from the Chief Financial Officer and Treasurer.
2024-07-24 · Toronto City Council · adopted
On the record
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