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TO Live - Audit Committee

2020-06-23 · 0 stories from 5 items

The full agenda, as filed

All 5 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.

RZ6.1adopted
Cyber Security - Second Quarter Update
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. Direct that Confidential Attachment 1 to the report (June 9, 2020) 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. Direct that Confidential Attachment 1 remain confidential as it involves security of the property of the Board.
RZ6.2adopted
2018 Audited Financial Results
The purpose of this report is to present the updated 2018 audited financial results for The Board of Directors of the Hummingbird Centre for the Performing Arts (operating as TO Live).
The TO Live - Audit Committee recommends that the Board of Directors of TO Live: 1. Approve the 2018 Audited Financial Results as noted in Confidential Attachment 1 to the report (June 9, 2020) from the President and Chief Executive Officer, TO Live. 2. Direct that Confidential Attachment 1 to the report (June 9, 2020) 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 of 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 2018 Audited Financial Results as noted in Confidential Attachment 1. 2. Authorize the public release of Confidential Attachment 1, once adopted by the Board and finalized and signed by PricewaterhouseCoopers LLP.
RZ6.3adopted
2019 Audited Financial Results
The purpose of this report is to present to the Board the 2019 audited financial results for The Board of Directors of TO Live.
The TO Live - Audit Committee recommends that the Board of Directors of TO Live: 1. Approve the 2019 Audited Financial Results as noted in Confidential Attachments 1 and 2 to the report (June 9, 2020) from the President and Chief Executive Officer, TO Live. 2. Direct that Confidential Attachments 1 and 2 to the report (June 9, 2020) from the President and Chief Executive Officer, TO Live, remain confidential in their entirety because if disclosed, could reasonably be expected to prejudice significantly the competitive position of 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 Audited Financial Results as noted in Confidential Attachment 1 and Attachment 1. 2. Authorize the public release of Confidential Attachment 1, once adopted by the Board and finalized and signed by PricewaterhouseCoopers LLP.
RZ6.4adopted
2020 First Quarter Financial Results and Commentary
The purpose of this report is to present the 2020 first quarter financial results to the Board.
The TO Live - Audit Committee recommends that the Board of Directors of TO Live: 1. Approve the 2020 first quarter financial operating results, as noted in Confidential Attachment 1 and 2 to the report (June 9, 2020) from the President and Chief Executive Officer, TO Live. 2. Direct that Confidential Attachment 1 and 2 to the report (June 9, 2020) from the President and Chief Executive Officer, TO Live, remain confidential in their 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 2020 first quarter financial operating results, as noted in Confidential Attachment 1 and 2. 2. Direct that Confidential Attachment 1 and 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.
RZ6.5amended
Toronto Live Foundation - Draw Request
The purpose of this report is to put in place a back-up operating funding source to maintain and stabilize operations for the July to December 2020 period.
The TO Live - Audit Committee recommends that the Board of Directors of TO Live: 1. Direct the President and Chief Executive Officer, TO Live to request a draw of up to $1.0 million for operating support from the Toronto Live Foundation Board to address any 2020 operating funding shortfall. 2. Direct the President and Chief Executive Officer, TO Live to request funds of up to $250,000 from the Toronto Live Foundation Board to support the first phase of TO Live's recovery program described in Attachment 1 (Appendix B, pages 19-23), in the event that the Recommendation 1 above will not be required. 3. Direct the President and Chief Executive Officer, TO Live to report back to the Board on the actions taken related to the recommendations above and the amount of funds requested from the Toronto Live Foundation.
Staff recommendation as filed
The President and Chief Executive Officer, TO Live recommends that the Board of Directors of TO Live: 1. Direct the President and Chief Executive Officer, TO Live to request a draw of up to $1 Million for operating support from the Toronto Live Foundation Board to address any 2020 operating funding shortfall.