Draft Audited Consolidated Financial Statements for the Year Ended December 31, 2023

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

2024-04-26 · Toronto Atmospheric Fund · adopted

As filed

The Board of Directors of the Toronto Atmospheric Fund: 1. Approved the transfer of: a. $1,427,127 from the Toronto General Fund (unrestricted) to the Internally restricted Stabilization Fund; b. $763,775 from the Ontario General Fund (unrestricted) to the Internally restricted Stabilization Fund; and c. $1,483,753 from the Canada General Fund (unrestricted) to the Internally restricted Stabilization Fund. 2. Approved

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the Toronto Atmospheric Fund 2023 Audited Consolidated Financial Statements as presented in Attachment 1 to the report (April 24, 2024) from the Director of Finance, Toronto Atmospheric Fund.

On the agenda

As the city filed it

The 2023 Audited Consolidated Financial Statements have been prepared by Grant Thornton LLP and are presented to the Toronto Atmospheric Fund (TAF) Board of Directors for approval. These statements provide separate fund accounting for the endowment funds provided to Toronto Atmospheric Fund by the City of Toronto, Province of Ontario, and Government of Canada.

Staff recommended

The Director of Finance recommends that the Board of Directors of the Toronto Atmospheric Fund: 1. Approve the transfer of: a. $1,427,127 from the Toronto General Fund (unrestricted) to the Internally restricted Stabilization Fund; b. $763,775 from the Ontario General Fund (unrestricted) to the Internally restricted Stabilization Fund; and c. $1,483,753 from the Canada General Fund (unrestricted) to the Internally restricted Stabilization Fund.

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2. Approve the Toronto Atmospheric Fund 2023 Audited Consolidated Financial Statements as presented in Attachment 1.

On the record

The item as the City filed it