Auditor General's Office: 2025 Compliance Audit Report
Kwok and Associate has completed its first annual compliance audit of the Auditor General's Office under a five-year contract appointed by Council in December 2025. The report covers financial information other than financial statements for the year ended December 31, 2025, and shows the city achieved a $108 million operating surplus and added $6 billion in new capital assets.
From the floor
“The city continued to invest significantly in infrastructure by adding over $6 billion of new tangible capital assets to support service delivery and to accommodate growth.”City staff
“In 2025, total revenues and total expenses were $19.7 billion and $18 billion, respectively, which resulted in an overall accounting surplus of $1.7 billion.”City staff
Also in this item
• The city achieved a $108 million operating surplus in 2025 through active cost control and discipline.
• Over $6 billion in new capital assets were added to the city's infrastructure portfolio in 2025.
The journey
You can still act
On the Toronto City Council agenda for 2026-07-29
Decision
The Audit Committee received the external auditor's report on the Auditor General's Office compliance audit for 2025.
Watch it happen
Jump to this item in the meeting video
Why is this story here?
Stories are ordered by how much weight a decision carries and how directly it reaches daily life. They rise as a decision date approaches and fall as they age.