TO Live - Audit Committee
The full agenda, as filed
All 6 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.
RZ4.1adopted
2019 Third Quarter Financial Results and Commentary
The purpose of this report is to present the 2019 third quarter financial results to the Board.
The TO Live Audit Committee recommends that the Board of Directors of TO Live: 1. Approve the 2019 third quarter financial operating results, as noted in Confidential Attachment 1, 2 and 3 to the report (November 1, 2019) from the President and Chief Executive Officer, TO Live. 2. Direct that Confidential Attachment 1, 2 and 3 to the report (November 1, 2019) from the President and Chief Executive Officer, TO Live remain confidential in its entirety because if disclosed, could reasonably be expected to prejudice significantly the competitive position or interfere significantly with the contractual or other negotiations of a person, group of persons, or organization.
Staff recommendation as filed
The President and Chief Executive Officer, TO Live recommends that the Board of Directors of TO Live: 1. Approve the 2019 third quarter financial operating results, as noted in Confidential Attachment 1, 2 and 3. 2. Direct that Confidential Attachment 1, 2 and 3 remain confidential in its entirety because if disclosed, could reasonably be expected to prejudice significantly the competitive position or interfere significantly with the contractual or other negotiations of a person, group of persons, or organization.
RZ4.2adopted
This report provides an update on TO Live's cyber security controls and risks.
The TO Live Audit Committee recommends that the Board of Directors of TO Live: 1. Receive the report (October 30, 2019) from the President and Chief Executive Officer, TO Live for information. 2. Direct that Confidential Attachment 1 to the report (October 30, 2019) from the President and Chief Executive Officer, TO Live remain confidential as it involves security of the property of the Board.
Staff recommendation as filed
The President and Chief Executive Officer, TO Live recommends that the Board of Directors of TO Live: 1. Receive this report for information. 2. Direct that Confidential Attachment 1 remain confidential as it involves security of the property of the Board.
RZ4.3amended
The purpose of this report is to request the Board's approval to enter into a credit card agreement with Meridian Credit Union.
The TO Live Audit Committee recommends that the Board of Directors of TO Live: 1. Refer the item back to the President and Chief Executive Officer, TO Live to modify the Credit Card agreement in accordance with the confidential instructions to staff attached to motion 1 by Paul Bernards.
Staff recommendation as filed
The President and Chief Executive Officer, TO Live recommends that the Board of Directors of TO Live: 1. Authorize TO Live Management to sign the Meridian Credit Card Agreement, as outlined in Confidential Attachment 1. 2. Authorize TO Live Management to sign the Meridian Rates and Fee Agreement, as outlined in Confidential Attachment 2. 3. Direct that Confidential Attachment 1, 2 and 3 remain confidential in its entirety because if disclosed, could reasonably be expected to prejudice significantly the competitive position or interfere significantly with the contractual or other negotiations of a person, group of persons, or organization.
RZ4.4withdrawn
2018 Audited Financial Statements
This is to advise that the staff report on the 2018 Audited Financial Statements will be submitted after the agenda has closed for the Audit Committee meeting on November 15, 2019 but will be available for the meeting.
The TO Live Audit Committee withdrew Item RZ4.4 from the agenda.
Staff recommendation as filed
The President and Chief Executive Officer, TO Live recommends that: 1. The Board of Directors of TO Live consider the report to be submitted by the President and Chief Executive Officer on this matter.
RZ4.5adopted
Audience Analytics Collective Project
The purpose of this report is to seek Board approval to receive Canada Council for the Arts funding and for approval of expenditures over $100,000, as per Finance Policy 303 - Financial Delegation of Authority.
The TO Live Audit Committee recommends that the Board of Directors of TO Live: 1. Accept receipt of the Canada Council for the Arts grant, as per Confidential Attachment 1 to the report (November 5, 2019) from the President and Chief Executive Officer, TO Live. 2. Approve a purchase order in the amount of $190,000 for one vendor, as more specifically noted in Confidential Attachment 2 to the report (November 5, 2019) from the President and Chief Executive Officer, TO Live. 3. Approve a purchase order, if required, over $100,000 and not to exceed $371,000 for any one vendor, as more specifically noted in Confidential Attachment 2 to the report (November 5, 2019) from the President and Chief Executive Officer, TO Live. 4. Direct that Confidential Attachment 1 to the report (November 5, 2019) from the President and Chief Executive Officer, TO Live be released publicly once the Canada Council for the Arts posts the funds awarded. 5. Direct that Confidential Attachment 2 to the report (November 5, 2019) from the President and Chief Executive Officer, TO Live remain confidential in its entirety because if disclosed, could reasonably be expected to prejudice significantly the competitive position or interfere significantly with the contractual or other negotiations of a person, group of persons, or organization.
Staff recommendation as filed
The President and Chief Executive Officer, TO Live recommends that the Board of Directors of TO Live: 1. Accept receipt of the Canada Council for the Arts grant, as per Confidential Attachment 1. 2. Approve a purchase order in the amount of $190,000 for one vendor, as more specifically noted in Confidential Attachment 2. 3. Approve a purchase order, if required, over $100,000 and not to exceed $371,000 for any one vendor, as more specifically noted in Confidential Attachment 2. 4. Direct that Confidential Attachment 1 be released publicly once the Canada Council for the Arts posts the funds awarded. 5. Direct that Confidential Attachment 2 remain confidential in its entirety because if disclosed, could reasonably be expected to prejudice significantly the competitive position or interfere significantly with the contractual or other negotiations of a person, group of persons, or organization.
RZ4.6adopted
Update on Certain Outstanding Sony Centre Redevelopment Issues
The purpose of this report is to provide the Board with information in regards to outstanding claims between TO Live/City of Toronto and Ferncastle.
The TO Live Audit Committee recommends that the Board of Directors of TO Live: 1. Receive the report (October 31, 2019) from the City Solicitor for information. 2. Direct that Confidential Attachment 1 to the report (October 31, 2019) from the City Solicitor remain confidential as it contains advice or communications that are subject to solicitor-client privilege or which are the subject matter of litigation or contemplated litigation.
Staff recommendation as filed
The City Solicitor recommends that: 1. The Board of Directors of TO Live receive this report for information. 2. The Board of Directors of TO Live direct that Confidential Attachment 1 remain confidential as it contains advice or communications that are subject to solicitor-client privilege or which are the subject matter of litigation or contemplated litigation.