Draft Audited Consolidated Financial Statements for the Year Ended December 31, 2025

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

2026-04-28 · Toronto Atmospheric Fund · amended

As filed

The Board of Directors of the Toronto Atmospheric Fund: 1. Approved the transfer of: a. $1,303,938 from the Toronto General Fund (unrestricted) to the Internally restricted Stabilization Fund; b. $561,021from the Ontario General Fund (unrestricted) to the Internally restricted Stabilization Fund; and, c. $1,487,882 from the Canada General Fund (unrestricted) to the Internally restricted Stabilization Fund. 2. Approved the consolidated financial statements of the Toronto Atmospheric Fund for the year ended December 31, 2025 as presented in Attachment 1 to the report (April 24, 2026) from the Director, Finance, Toronto Atmospheric Fund, together with the related notes thereto, subject to: a.

Show the rest of As filed, 782 more characters as filed

completion of management's and the auditors' subsequent event procedures through the date of issuance; and b. the possible inclusion of additional disclosure on the matter to appropriately describe the subsequent event and related matters identified. 3. Received the Doane Grant Thornton Report to the TAF Board Audit Committee on Audit Results, and Draft Minutes of the Audit Committee Meeting held April 23, 2026, as presented in Attachments 2 and 3 to the report (April 24, 2026) from the Director, Finance, Toronto Atmospheric Fund. 4. Recommends that City Council receive for information the Toronto Atmospheric Fund 2025 Audited Consolidated Financial Statements as presented in Attachment 1 to the report (April 24, 2026) from the Director, Finance, Toronto Atmospheric Fund.

On the agenda

As the city filed it

The 2025 Audited Consolidated Financial Statements have been prepared by Doane Grant Thornton 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 the Toronto Atmospheric Fund by the City of Toronto, Province of Ontario, and Government of Canada.

Staff recommended

The Director, Finance recommends that the Board of Directors of the Toronto Atmospheric Fund: 1. Approve the transfer of: a. $1,303,938 from the Toronto General Fund (unrestricted) to the Internally restricted Stabilization Fund; b. $561,021from the Ontario General Fund (unrestricted) to the Internally restricted Stabilization Fund; and, c. $1,487,882 from the Canada General Fund (unrestricted) to the Internally restricted Stabilization Fund.

Show the rest of Staff recommended, 478 more characters as filed

2. Approve the Toronto Atmospheric Fund 2025 Audited Consolidated Financial Statements as presented in Attachment 1. 3. Receive the Doane Grant Thornton Report to the TAF Board Audit Committee on Audit Results, and Draft Minutes of the Audit Committee Meeting held April 23, 2026, as presented in Attachments 2 and 3. 4. Recommend that City Council receive for information the Toronto Atmospheric Fund 2025 Audited Consolidated Financial Statements as presented in Attachment 1.

On the record

The item as the City filed it

More from this meeting

The whole meeting