Audit Committee
The full agenda, as filed
All 14 items in the clerk’s order. Each carries the city’s own words: the staff recommendation, what the body decided, and its status. Nothing below is written by us.
AU3.1adopted
Auditor General’s Office 2024 Work Plan and Budget Highlights
The purpose of this report is to provide City Council with the Auditor General's 2024 Work Plan, which contains projects that are in progress or will begin in 2024, and many new projects on the horizon to commence in either late 2024 or 2025. These audit projects are identified through a City-wide risk and opportunities assessment process that is conducted every five years and updated annually for changes in emerging issues, priorities, and trends in allegations made to the Fraud and Waste Hotline. The Auditor General also considers the views and experience of City Councillors and City management. The Auditor General may amend the Annual Work Plan if new priorities arise. This report also provides the 2024 Budget Highlights for information only, as the Audit Committee considers the Auditor General's 2024 Work Plan. The Auditor General is requesting $7.991 million and this 2024 budget request will be presented directly to the Budget Committee on January 10, 2024 for consideration. The Auditor General's budget request reflects resources needed to address her 2024 Work Plan. The Auditor General would like to thank the Audit Committee and City Council for their continued support of this Accountability Office, and of the important work we do. We look forward to continuing to add value to the City, make a positive difference in the lives of Torontonians through improved outcomes from our report recommendations, while taking an approach that helps to build relationships with auditees and stakeholders in a respectful manner.
The Audit Committee recommends that: 1. City Council receive the Auditor General's 2024 Work Plan and Budget Highlights attached as Attachment 1 to the report (November 17, 2023) from the Auditor General for information.
Staff recommendation as filed
The Auditor General recommends: 1. City Council receive the Auditor General's 2024 Work Plan and Budget Highlights for information.
AU3.2amended
At its meeting on November 22, 2023 the Toronto Transit Commission Board considered the report titled "Audit of the Toronto Transit Commission's Streetcar Overhead Assets: Strengthening the Maintenance and Repair Program to Minimize Asset Failures and Service Delays" and has forwarded the report to City Council through the Audit Committee.
The Audit Committee recommends that: 1. City Council receive the item for information.
AU3.3amended
At its meeting on November 22, 2023 the Toronto Transit Commission Board considered the report titled "Toronto Transit Commission Cybersecurity Audit - Phase Two: Overall Network Security and Cybersecurity Assessment of Select Critical Systems" and has forwarded the report to City Council through the Audit Committee.
The Audit Committee recommends that: 1. City Council authorize the public release of Confidential Attachment 1 to the report (November 6, 2023) from the Auditor General at the discretion of the Auditor General, after discussions with the appropriate Toronto Transit Commission and City Officials. 2. City Council direct the City Clerk to provide a copy of the report and confidential attachment to the City's Chief Information Security Officer.
AU3.4adopted
The Auditor General's 2023 Work Plan included an audit of the City of Toronto's Enterprise Work Management Solution, also known as the EWMS program. Since Toronto's 1998 amalgamation, the City divisions have used various systems to plan and track their work. Some of these systems are reaching end of life and were not designed to work across divisions in an integrated manner. In 2011, the following four City divisions formed a work management group to evaluate the feasibility of an enterprise-wide work management system that could be shared and integrated across divisions: - Toronto Water - Parks, Forestry and Recreation - Transportation Services - Solid Waste Management Services The Enterprise Work Management Solution program is expected to improve work management and service response times by integrating the divisions and the City's shared services, including 311. Enterprise Work Management Solution is being implemented in three phases across these multiple City divisions. This audit focused on phase one of the Enterprise Work Management Solution implementation, which started in 2013, and management anticipates completing it by the end of 2023. Planning is underway for the implementation of phases two and three. This audit examined how the Enterprise Work Management Solution program was planned and governed, including whether the program is meeting its budget and timelines, divisions' operational needs, and overall program objectives. Our findings and recommendations for the Technology Services Division on the Enterprise Work Management Solution program related to the following areas: A. Strengthening Project Planning Processes B. Strengthening Project Governance C. Enhancing Controls to Improve Project Execution D. Strengthening Project Risk Management and Controls We have made 14 recommendations in our report. Implementation of these recommendations will improve project planning, governance, and execution. The key lessons learned from this audit need to be applied not only to the Enterprise Work Management Solution program, but also to other large information technology (IT) projects of the City to improve overall project management and implementation. In addition, the findings and recommendations reported in this report may have relevance to agencies and corporations. The Auditor General has recommended the City Manager to forward this report to major agencies and corporations for their review.
The Audit Committee recommends that: 1. City Council request the Chief Technology Officer to ensure: a. All technology projects have an overall program-level charter developed that clearly defines the program implementation budget, timeline, and performance measurement, and is approved by all stakeholders; b. An overall program-level charter for the remaining phases of the Enterprise Work Management Solution that clearly defines the program implementation budget, timeline, and performance measurement, and is approved by all stakeholders; and c. A performance measurement framework is established to measure the achievement of technology project goals on a regular basis until the project is completed. 2. City Council request the Chief Technology Officer to leverage the Technology Services Division's Stakeholder Management Plan to improve stakeholder engagement, coordination, and communication for the remaining phases of implementing the Enterprise Work Management Solution. 3. City Council request the Chief Technology Officer to review and improve the existing project status monitoring criteria and dashboards to include: a. A methodology to accurately measure the implementation progress against budget spent and timelines; b. An update on the assessment of the benefits realization and potential losses that could incur as a result of increased expenditures and project delays; and c. Potential short-term and long-term risks the project may face that would impact budget, timelines, and realizing intended benefits in a timely manner. 4. City Council request the Chief Technology Officer to report to City Council on the status of the Enterprise Work Management Solution program by June 30, 2024: a. Total expected cost of implementation; b. Status of benefits realized for divisions that have completed the implementation; and c. Planned benefit realization for the entire Enterprise Work Management Solution program. 5. City Council request the Chief Technology Officer to develop criteria and requirements for Executive Steering Committee meetings based on project size and complexity, to ensure a consistent approach is followed. 6. City Council request the Chief Technology Officer to develop a consistent mechanism for documenting Executive Steering Committee meetings, key decisions and required actions in the meeting minutes. 7. City Council request the Chief Technology Officer to review and modify the existing Enterprise Work Management Solution's program governance structure to: a. Develop criteria and a process for escalation related for project delays to the Executive Steering Committee; and b. Establish a process to monitor and respond to emerging risks that may cause project delays, budget overruns, and impact on benefits realization. 8. City Council request Chief Technology Officer to expedite the implementation of the Enterprise Work Management Solution to: a. Utilize unused license subscriptions; b. Evaluate current license subscriptions and discontinue those that are not required; and c. Develop a plan in coordination with Division Heads to discontinue legacy systems, in order to minimize risks of legacy applications becoming non-operational and save on renewal and maintenance costs and present the plan to the Executive Steering Committee. 9. City Council request the Chief Technology Officer to work with Divisions to establish a governance framework to ensure that: a. Business processes are well defined in the planning phase before implementation; b. Role-based training is tailored for each business role before implementation; and c. User acceptance testing includes end user devices for usability testing prior to implementation. 10. City Council request the Chief Technology Officer in coordination with the Chief Financial Officer and Treasurer to review the existing reporting process to City Council for major technology project budgets and costs and implement: a. A process to ensure that consolidated budget and expenditures are reported to City Council for major cross divisional technology projects; and b. A process to ensure that all expenditures from inception to date related to a major technology project are included in the Technology Service Division's Budget Notes and Quarterly Capital Variance Reports. 11. City Council request the Chief Technology Officer to: a. Establish criteria as to what constitutes critical documents for a project; and b. Develop a process to ensure critical documents are maintained and retained throughout the project management lifecycle, with final versions stored in the program site according to the City's Record Retention policy. 12. City Council request the Chief Technology Officer to ensure that: a. Plans for the Enterprise Work Management Solution upgrade and Cloud migration are supported by a detailed risk assessment; and b. An action plan to address potential risks and delays is approved by all stakeholders. 13. City Council request the Chief Technology Officer to develop a process to incorporate previous Auditor General audit report recommendations related to project management and governance of technology systems, and software license management, into the Technology Services Division's project management framework. 14. City Council request: a. The City Manager forward this report to the major agencies and corporations for review. b. The heads of agencies and corporations review the issues and recommendations included in this report and consider the relevance to their respective organizations for implementation.
Staff recommendation as filed
The Auditor General recommends that: 1. City Council request the Chief Technology Officer to ensure: a. All technology projects have an overall program-level charter developed that clearly defines the program implementation budget, timeline, and performance measurement, and is approved by all stakeholders; b. An overall program-level charter for the remaining phases of the Enterprise Work Management Solution that clearly defines the program implementation budget, timeline, and performance measurement, and is approved by all stakeholders; and c. A performance measurement framework is established to measure the achievement of technology project goals on a regular basis until the project is completed. 2. City Council request the Chief Technology Officer to leverage the Technology Services Division's Stakeholder Management Plan to improve stakeholder engagement, coordination, and communication for the remaining phases of implementing the Enterprise Work Management Solution. 3. City Council request the Chief Technology Officer to review and improve the existing project status monitoring criteria and dashboards to include: a. A methodology to accurately measure the implementation progress against budget spent and timelines; b. An update on the assessment of the benefits realization and potential losses that could incur as a result of increased expenditures and project delays; and c. Potential short-term and long-term risks the project may face that would impact budget, timelines, and realizing intended benefits in a timely manner. 4. City Council request the Chief Technology Officer to report to City Council on the status of the Enterprise Work Management Solution program by June 30, 2024: a. Total expected cost of implementation; b. Status of benefits realized for divisions that have completed the implementation; and c. Planned benefit realization for the entire Enterprise Work Management Solution program. 5. City Council request the Chief Technology Officer to develop criteria and requirements for Executive Steering Committee meetings based on project size and complexity, to ensure a consistent approach is followed. 6. City Council request the Chief Technology Officer to develop a consistent mechanism for documenting Executive Steering Committee meetings, key decisions and required actions in the meeting minutes. 7. City Council request the Chief Technology Officer to review and modify the existing Enterprise Work Management Solution's program governance structure to: a. Develop criteria and a process for escalation related for project delays to the Executive Steering Committee; and b. Establish a process to monitor and respond to emerging risks that may cause project delays, budget overruns, and impact on benefits realization. 8. City Council request Chief Technology Officer to expedite the implementation of the Enterprise Work Management Solution to: a. Utilize unused license subscriptions; b. Evaluate current license subscriptions and discontinue those that are not required; and c. Develop a plan in coordination with Division Heads to discontinue legacy systems, in order to minimize risks of legacy applications becoming non-operational and save on renewal and maintenance costs and present the plan to the Executive Steering Committee. 9. City Council request the Chief Technology Officer to work with Divisions to establish a governance framework to ensure that: a. Business processes are well defined in the planning phase before implementation; b. Role-based training is tailored for each business role before implementation; and c. User acceptance testing includes end user devices for usability testing prior to implementation. 10. City Council request the Chief Technology Officer in coordination with the Chief Financial Officer and Treasurer to review the existing reporting process to City Council for major technology project budgets and costs and implement: a. A process to ensure that consolidated budget and expenditures are reported to City Council for major cross divisional technology projects; and b. A process to ensure that all expenditures from inception to date related to a major technology project are included in the Technology Service Division's Budget Notes and Quarterly Capital Variance Reports. 11. City Council request the Chief Technology Officer to: a. Establish criteria as to what constitutes critical documents for a project; and b. Develop a process to ensure critical documents are maintained and retained throughout the project management lifecycle, with final versions stored in the program site according to the City's Record Retention policy. 12. City Council request the Chief Technology Officer to ensure that: a. Plans for the Enterprise Work Management Solution upgrade and Cloud migration are supported by a detailed risk assessment; and b. An action plan to address potential risks and delays is approved by all stakeholders. 13. City Council request the Chief Technology Officer to develop a process to incorporate previous Auditor General audit report recommendations related to project management and governance of technology systems, and software license management, into the Technology Services Division's project management framework. 14. City Council request: a. The City Manager forward this report to the major agencies and corporations for review. b. The heads of agencies and corporations review the issues and recommendations included in this report and consider the relevance to their respective organizations for implementation.
AU3.5amended
Update to Winter Maintenance Program Follow-Up: Change in Contract Terms
This report provides an update to information included in the Auditor General's report (June 28, 2023), " Winter Maintenance Program Follow-Up: Status of Previous Auditor General's Recommendations and Processes to Hold Contractors Accountable to New Contract Terms ". The Winter Maintenance Program Follow-Up report identified that Transportation Services was still working to implement 13 of the 22 recommendations from the original October 2020 report, Audit of Winter Road Maintenance Program - Phase One: Leveraging Technology and Improving Design and Management of Contracts to Achieve Service Level Outcomes , and two of the four recommendations from the June 2021 report, Winter Road Maintenance Program - Phase 2 Analysis: Deploying Resources . In September 2023, the Auditor General was made aware of proposed changes to liquidated damages included in the winter maintenance contracts. The contract changes put forward by Transportation Services management impact information previously included the Auditor General's report (June 28, 2023) on the Winter Maintenance Program Follow-up that describe the liquidated damages contract clauses and the amount of liquidated damages identified by Transportation Services staff and communicated to the contractors. The Auditor General met with Transportation Services management and requested information about the change in contract terms. Transportation Services management advised that the contractors were asserting that the contracted liquidated damages for "Failure to leave a Depot within the applicable Mobilization Period" (Item 6) was too high and out of line with other similar contracts. In response to the contractors' assertions, Transportation Services management advised that staff undertook a review of Liquidated Damages Item 6. Transportation Services management also indicated that revisiting the liquidated damages addresses Recommendation 11 from the Auditor General's October 2020 audit, which was for the General Manager, Transportation Services Division, to "reassess and document the rationale for liquidated damages amounts in the next contract cycle taking into account past claims against the City and other potential losses, to ensure that the liquidated damages amounts are fair and supportable." 1 This report provides City Council with information about changes to the liquidated damages specified in the current winter maintenance contracts. The proposals to amend the contracts were formally communicated to the contractors by Transportation Services management in September 2023 and agreed in principle shortly thereafter. Amending agreements were drafted and sent to the contractors on November 7, 2023. 1 Transportation Services advised that the rationale for liquidated damages Item #6 in the current contracts was reassessed and a change was made due to an initial miscalculation when the liquidated damages were previously assessed.
The Audit Committee recommends that: 1. City Council direct the General Manager, Transportation Service, to report to the Audit Committee before third quarter of 2024 with detailed updated information on: a. The performance of winter maintenance functions, with a focus on equipment deployment timeliness; b. Any impacts arising from the changes to the liquidated damages and payouts, including a representative sample to determine whether the updated amount for liquidated damages related to timely deployment paid by the vendors covered all of the City's related expenses; and c. A comparison of productivity of various equipment units and equipment classes across the contracts and the city's geographic areas.
Staff recommendation as filed
The Auditor General recommends that: 1. City Council receive this report for information.
AU3.6amended
Status Update on the City-wide Risk Governance Model
This report outlines the governance model, processes, and activities that will contribute to overall Enterprise Risk Management within the City. Enterprise Risk Management (ERM) is a structured, consistent, and continuous process that supports the achievement of the organization's objectives by identifying, assessing, responding to, and reporting on the full spectrum of risk, holistically across the organization. It also manages the combined impact of those risks as an interrelated risk portfolio. The report provides an overview of the proposed City-wide Risk Governance Model. The governance model outlines roles and responsibilities within the Enterprise Risk Management process with respect to oversight of risks throughout the organization, including risks pertaining to business continuity, cyber major incident, and technology disaster recovery. While divisions across the City including Technology Services, the Office of the Chief Information Security Officer and Toronto Emergency Management have employed their own processes to manage and govern their respective risks, Enterprise Risk Management takes a holistic approach to risk management looking at risks from a City-wide perspective.
The Audit Committee recommends that: 1. City Council request the City Manager, in co-ordination with the Chief Technology Officer, the Chief Information Security Officer, the Executive Director, Toronto Emergency Management, and the Director, Internal Audit, to report to the Audit Committee in the third quarter of 2024 with an update on the implementation and maturation of Enterprise Risk Management. 2. City Council request the City Manager, in co-ordination with Director, Internal Audit to work with division heads to expand the inclusion of risk management considerations into reports provided to Committees and Council as applicable.
Staff recommendation as filed
The Chief Technology Officer, the Chief Information Security Officer, the Executive Director, Toronto Emergency Management, and the Acting Director, Internal Audit recommends that: 1. Audit Committee receive this report for information.
AU3.7amended
Status Update on the Information Technology Disaster Recovery Program
This report provides a status update on the Information Technology (IT) Disaster Recovery Plan pursuant to a City Council decision under AU13.9 - Status Update of the Information Technology Disaster Recovery Plan on July 19, 2022. In this motion, the City Council has requested the Chief Technology Officer, in co-ordination with the Chief Information Security Officer and the Executive Director, Toronto Emergency Management to report to the Audit Committee in the third quarter of 2023 on the status of the Information Technology disaster recovery plan from each City of Toronto division, agency and corporation including the status update for the Enterprise Information Technology Disaster Recovery Program, business continuity, and cyber major incident response. The City of Toronto creates and manages large volumes of information systems and data. The impact of data loss and outage of information systems due to hardware failure, human error, hacking, malware, or a natural disaster could be significant. Should such an event occur, an Information Technology Disaster Recovery Plan is designed to assist in the recovery efforts while protecting Information Technology assets and ensuring business continuity. This report provides information on the approach undertaken by Technology Services Division (TSD), in collaboration with Toronto Emergency Management (TEM) and the Office of the Chief Information Security Officer (CISO), in gathering input from the City's different divisional Information Technology units, agencies and corporations about the current state of their plans relating to Information Technology disaster recovery, business continuity, and cyber incident response. Additionally, this report provides information on the status of the Enterprise Information Technology Disaster Recovery Program led by Technology Services Division, which aims to improve the overall disaster recovery capability of the City of Toronto's mission-critical applications and foundational Information Technology systems in the face of unforeseen events such as natural disasters, major cyber-attacks and / or hardware failures. An update is given on the City's business continuity and cyber major incident response plan. The analysis and details of this update are provided in Confidential Attachment #1
The Audit Committee recommends that: 1. City Council direct that the Confidential Attachment 1 to the report (November 16, 2023) from the Chief Technology Officer, the Chief Information Security Officer, and the Executive Director, Toronto Emergency Management, remain confidential in its entirety, as it involves the security of property of the City. 2. City Council request the Chief Technology Officer, in co-ordination with the Chief Information Security Officer and the Executive Director, Toronto Emergency Management to report to the Audit Committee in the third quarter of 2024 on the status and progress of the Information Technology Disaster Recovery Plan from each City of Toronto division, agency and corporation; the status update should also be reported for City of Toronto's Corporate Technology Services Disaster Recovery Plan, including business continuity and cyber major incident.
Staff recommendation as filed
The Chief Technology Officer, the Chief Information Security Officer and the Executive Director, Toronto Emergency Management recommend that: 1. City Council direct that the Confidential Attachment 1 to this report remain confidential in its entirety, as it involves the security of property of the City.
AU3.8adopted
Update from the Controller on Action Plans - KPMG Management Letter Recommendations
This report responds to the direction from Council and Audit Committee arising from Item AU13.2 and AU1.8. AU 13.2 - The City of Toronto Audit Findings Report for the Year Ended December 31, 2021, as adopted by City Council at its meeting on July 19, 20, 21 and 22, 2022, for the Chief Financial Officer & Treasurer to report to Council on the status of the 55 recommendations in the Management Letter (December 15, 2021) from KPMG LLP. AU 1.8 - Update from the Controller on Action Plans and implementation of recommendations arising from the KPMG Audit for the Year 2020, as adopted at Audit Committee at its meeting on Feb 13, 2023, for the Controller to provide an update on each of outstanding KPMG letters recommendations.
The Audit Committee: 1. Received the report (November 17, 2023) from the Controller for information.
Staff recommendation as filed
The Controller recommends that: 1. Audit Committee receive this report for information.
AU3.9received
At its meeting of June 29, 2020, in item 2020.AU5.7, City Council appointed KPMG LLP as the auditor licensed under the Public Accounting Act, 2004 responsible for annually auditing the accounts and transactions of the City and certain of its local boards and expressing an opinion on the financial statements of these bodies based on the audit. KPMG LLP submits this Management Letter for the City of Toronto with management responses for period ended December 31, 2022.
The Audit Committee: 1. Received the KPMG Management Letter including Management Responses - for the year 2022 ending December 31, 2022 (November 16, 2023) from KPMG LLP for information.
AU3.10adopted
Community Centres - 2022 Audited Financial Statements (Report 2)
The purpose of this report is to provide the Audit Committee and City Council with the 2022 audited financial statements of Community Centres. The 2022 audited financial statements for the 10 Community Centres are presented to Audit Committee after approval by their respective Boards of Management. Of the 10 City Community Centres, the audited financial statements for eight Community Centres were previously presented at the July 7, 2023 meeting of the Audit Committee. At this time, the audits of the remaining two Community Centres have been completed. This report presents the 2022 Independent Auditor's Reports, accompanying financial statements and management control letters (where applicable) for Applegrove Community Complex and Scadding Court Community Centre.
The Audit Committee recommend that: 1. City Council receive the 2022 audited financial statements and management letters, where applicable, for the Community Centres in attachments 1 and 2 to the report (November 15, 2023) from the Auditor General for information.
Staff recommendation as filed
The Auditor General recommends that: 1. City Council receive the 2022 audited financial statements and management letters, where applicable, for the Community Centres in attachments 1 and 2 to this report for information.
AU3.11adopted
The purpose of this report is to provide the Audit Committee and City Council with the 2022 audited financial statements of Arenas and a status update on the 2022 and prior audited financial statements of Arenas. The 2022 audited financial statements for the eight City Arenas are presented to the Audit Committee after approval by their respective Boards or Committees of Management. At the time of preparation of this report, there were two 2022 audited financial statements available for Arenas. This is because the audit for one Arena was in progress, while the audits of the remaining five Arenas had not yet started. Depending on when the audits are completed, the Independent Auditor's Reports, accompanying financial statements and management control letters (if applicable) will be presented at a subsequent meeting of the Audit Committee. This report also provides City Council with the 2021 audited financial statements for one Arena. The audit of the one remaining Arena for 2021 audited financial statements remains in progress at the time of preparation of this report. This report also provides City Council with the 2020 audited financial statements for the one remaining Arena.
The Audit Committee recommends that: 1. City Council receive the 2022 Audited Financial Statements of George Bell Arena and McCormick Playground Arena in Attachments 1 to 2 to the report (November 17, 2023) from the Auditor General for information. 2. City Council receive the 2021 Audited Financial Statements of North Toronto Memorial Arena in Attachment 3 to the report (November 17, 2023) from the Auditor General for information. 3. City Council receive the 2020 Audited Financial Statements of Leaside Memorial Community Gardens Arena in Attachment 4 to the report (November 17, 2023) from the Auditor General for information.
Staff recommendation as filed
The Auditor General recommends that: 1. City Council receive the 2022 Audited Financial Statements of George Bell Arena and McCormick Playground Arena in Attachments 1 to 2 to this report for information. 2. City Council receive the 2021 Audited Financial Statements of North Toronto Memorial Arena in Attachment 3 to this report for information. 3. City Council receive the 2020 Audited Financial Statements of Leaside Memorial Community Gardens Arena in Attachment 4 to this report for information.
AU3.12adopted
The purpose of this report is to provide the Audit Committee and City Council with a status update regarding the financial statement audits of North Toronto Memorial Arena for the years 2021 and 2022. Considering the challenges faced by North Toronto Memorial Arena and Welch LLP in achieving effective cooperation, this report requests retroactive authorization of the appointment of Kwok & Associate through a non-competitive procurement process, completed by the Board of the North Toronto Memorial Arena, for the purpose of conducting financial statement audits for those two years. Starting with the 2023 year-end, North Toronto Memorial Arena will use Grant Thornton LLP, the external auditors authorized by City Council, for the external audit services of Arenas.
The Audit Committee recommend that: 1. City Council grant authority retroactively to the Auditor General to appoint Kwok & Associate to perform the financial statement audits for North Toronto Memorial Arena for the years ending December 31, 2021 and December 31, 2022, through a non-competitive procurement process.
Staff recommendation as filed
The Auditor General recommends that: 1. City Council grant authority retroactively to the Auditor General to appoint Kwok & Associate to perform the financial statement audits for North Toronto Memorial Arena for the years ending December 31, 2021 and December 31, 2022, through a non-competitive procurement process.
AU3.13received
Casa Loma Corporation 2022 Audited Financial Statements
City Council on July 19 and 20, 2023, in adopting Item EX6.16, headed "Casa Loma Corporation 2022 Annual General Meeting and Audited Financial Statements", has forwarded a copy of the "Casa Loma Corporation 2022 Audited Financial Statements" forming Attachment 2 to the letter (June 23, 2023) from the Chief Executive Officer, Casa Loma Corporation to the Audit Committee for information.
The Audit Committee: 1. Received the Casa Loma Corporation 2022 Audited Financial Statements for information, having regard that the 2022 Financial Statements and related documents have previously been considered by City Council.
AU3.14received
Lakeshore Arena Corporation 2022 Audited Financial Statements
City Council on July 19 and 220, 2023, in adopting Item EX6.17, headed "Lakeshore Arena Corporation 2022 Annual General Meeting and Audited Financial Statements", has forwarded a copy of the "Lakeshore Arena Corporation 2022 Audited Financial Statements" forming Attachment 2 to the letter (June 26, 2023) from the Executive Director, Lakeshore Arena Corporation to the Audit Committee for information.
The Audit Committee: 1. Received the Lakeshore Arena Corporation 2022 Audited Financial Statements for information, having regard that the 2022 Financial Statements and related documents have previously been considered by City Council.