Financial Statements and Audit Findings for the Year Ended December 31, 2024 - Agencies

Considered

• 2025-07-11 · Audit Committee · amended

  Decision as filed

  The Audit Committee recommends that: 1. City Council approve the CreateTO 2024 Audited Financial Statements in Attachment 3 to the report (April 4, 2025) from the Chief Executive Officer, CreateTO. 2. City Council approve the Toronto Parking Authority 2024 Audited Financial Statements in Attachment 2 to the report (April 10, 2025) from the President, Toronto Parking Authority. 3. City Council receive for information the CreateTO Highlights Report, in Attachment 1 to the report (April 4, 2025) from the Chief Executive Officer, CreateTO.

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  4. City Council receive for information the Exhibition Place 2024 Audit Financial Statements in Attachment 1 to the report (May 30, 2025) from the Chief Executive Officer, Exhibition Place and the Audit Findings Report in Attachment 3 to the report (May 30, 2025) from the Chief Executive Officer, Exhibition Place. 5. City Council receive for information the Heritage Toronto 2024 Audited Financial Statements in Attachment 1 to the letter (June 9, 2025) from the Board of Directors, Heritage Toronto, and the Audit Findings Report to the Board in Attachment 2 to the letter (June 9, 2025) from the Board of Directors, Heritage Toronto of the report (March 20, 2025) from the Executive Director, Heritage Toronto, and the Management Representation Letter in Attachment 3 to the letter (June 9, 2025) from the Board of Directors, Heritage Toronto. 6. City Council receive for information the Sankofa Square 2024 Audited Financial Statements and Auditors Report in Attachment 1 to the letter (June 26, 2025) from the Board of Management, Sankofa Square, and the Management Representation Letter dated April 22, 2025 in Attachment 2 to the letter (June 26, 2025) from the Board of Management, Sankofa Square. 7. City Council receive for information the TO Live 2024 Audited Financial Results in Attachment 1 to the report (March 25, 2025) from the President and Chief Executive Officer, TO Live and Audit Findings Report in Attachment 2 to the report (March 25, 2025) from the President and Chief Executive Officer, TO Live. 8. City Council receive for information the Toronto Atmospheric Fund 2024 Audited Consolidated Financial Statements as presented in Attachment 1 to the report (April 25, 2025) from the Director of Finance, Toronto Atmospheric Fund. 9. City Council receive for information the Toronto Public Library 2024 Audited Financial Statements in Attachment 1 to the letter (June 23, 2025) from the Toronto Public Library Board, and the Audit Findings in Attachment 2 to the letter (June 23, 2025) from the Toronto Public Library Board. 10. City Council receive for information the Toronto Transit Commission Draft Consolidated Financial Statements of Toronto Transit Commission for the Year Ended December 31, 2024 in the Attachment to the report (June 9, 2025) from the Deputy Chief Executive Officer, and the Audit Findings Report in the Attachment to the report (June 9, 2025) from the Deputy Chief Executive Officer. 11. City Council receive for information the Toronto Zoo 2024 Audit Results in Attachment 1 to the report (May 23, 2025) from the Chief Transformation Officer, Toronto Zoo and the Toronto Zoo Financial Statements - Year Ended 2024-12-31 in Attachment 1 to the report (May 23, 2025) from the Chief Transformation Officer, Toronto Zoo.

• 2025-07-23 · Toronto City Council · adopted