TO Live - 2023 Fourth Quarter Financial Results and Commentary

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The decision

2024-04-17 · Toronto City Council · adopted

As filed

City Council on April 17 and 18, 2024, adopted the following: 1. City Council direct that Confidential Attachments 1 and 2 to the report (January 23, 2024) from the President and Chief Executive Officer, TO Live remain confidential in their entirety as 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.

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Confidential Attachments 1 and 2 to the report (January 23, 2024) from the President and Chief Executive Officer, TO Live remain confidential in their entirety in accordance with the provisions of the City of Toronto Act, 2006, as 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 agenda

As the city filed it

At its meeting on February 15, 2024, Board of Directors of TO Live considered item CT8.4 and made recommendations to City Council. Summary from the report (January 23, 2024) from the President and Chief Executive Officer, TO Live: The purpose of this report is to present the 2023 fourth quarter financial results to the Board.

Staff recommended

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.

Considered

2024-04-09 · Executive Committee · amended
Decision as filed
The Executive Committee recommends that: 1. City Council direct that Confidential Attachments 1 and 2 to the report (January 23, 2024) from the President and Chief Executive Officer, TO Live remain confidential in their entirety as 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
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position or significantly interfere with the contractual or other negotiations of a person, group of persons, or organization.
2024-04-17 · Toronto City Council · adopted

On the record

The item as the City filed it

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