The Public GalleryToronto

TO Live · 2024-02-15 · 2024.CT8.4

The filed record

2023 Fourth Quarter Financial Results and Commentary

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The decision

2024-02-15 · TO Live · adopted

As filed

The Board of Directors of TO Live recommends that: 1. City Council direct the Chief Financial Officer and Treasure to transfer a one-time contribution of $450,000 from the TO Live 2023 Year-End Surplus to the TO Live Programming Reserve (XQ2033) as part of the City's surplus management policy in the Operating Variance Report for the Twelve Months Ended December 31, 2023.

On the agenda

As the city filed it

The purpose of this report is to present the 2023 fourth quarter financial results to the Board.

Staff recommended

The President and Chief Executive Officer recommends that the Board of Directors of TO Live: 1. Approve the 2023 fourth quarter financial operating results, as noted in Confidential Attachment 1. 2. Request that City Council consider a one-time contribution of $450,000 from the TO Live 2023 Year-End Surplus to the TO Live Programming Reserve (XQ2033) as part of the City's surplus management policy in the Operating Variance Report for the Twelve Months Ended December 31st, 2023.

Show the rest of Staff recommended, 410 more characters as filed

3. Direct that Confidential Attachments 1 and 2 remains confidential in their entirety because they contain financial information supplied in confidence to the Board of Directors of TO Live, which, if disclosed, could reasonably be expected to significantly prejudice the competitive position or significantly interfere with the contractual or other negotiations of a person, group of persons, or organization.

    On the record

    The item as the City filed it

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