TO Live - Audit Committee
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.
RZ7.1adopted
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 (August 24, 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.
RZ7.2amended
2020 Second Quarter Financial Results and Commentary
The purpose of this report is to present the 2020 second quarter financial results to the Board.
The TO Live - Audit Committee recommends that the Board of Directors of TO Live: 1. Approve the 2020 second quarter financial operating results, as noted in Confidential Attachment 1 to the report (August 17, 2020) from the President and Chief Executive Officer, TO Live. 2. Direct that Confidential Attachment 1, Confidential Attachment 2, Revised Confidential Attachment 2, and Confidential Attachment 3 to the report (August 17, 2020) from the President and Chief Executive Officer, TO Live remain confidential in their entirety because they contain financial information supplied in confidence to the Board of Directors of TO Live, which, 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 second quarter financial operating results, as noted in Confidential Attachment 1. 2. Direct that Confidential Attachment 1 and Confidential Attachment 2 remain confidential in their entirety because they contain financial information supplied in confidence to the Board of Directors of TO Live, which, 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.
RZ7.3amended
2021 Operating, Facility Fee Reserve Fund and State of Good Repair Budgets
The purpose of this report is to present the 2021 Budgets to the Board.
The TO Live - Audit Committee recommends that the Board of Directors of TO Live: 1. Approve the 2021 Operating, Facility Fee Reserve Fund and State of Good Repair budgets with commentary as noted in Attachment 1 to the report (August 18, 2020) from the President and Chief Executive Officer, TO Live. 2. Direct that Confidential Attachment 1 to the report (August 18, 2020) from the President and Chief Executive Officer, TO Live remain confidential in its entirety because it contains financial information supplied in confidence to the Board of Directors of TO Live, which, 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 2021 Operating, Facility Fee Reserve Fund and State of Good Repair budgets with commentary as noted in Attachment 1. 2. Direct that Confidential Attachment 1 remain confidential in its entirety because it contains financial information supplied in confidence to the Board of Directors of TO Live, which, 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.
RZ7.4amended
COVID-19 Capital Improvements at Meridian Hall and Meridian Arts Centre
The purpose of this report is to introduce the Board of Directors of TO Live to a series of proposed capital improvements related to COVID-19 at Meridian Hall and Meridian Arts Centre, and to begin a process to formalize their creation and funding.
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 work with the City's Financial Planning department, to establish new capital improvement projects at Meridian Hall and Meridian Arts Centre related to COVID-19, including those detailed in Attachment 1 to the report (August 24, 2020) from the President and Chief Executive Officer, TO Live and investigate methods of funding these projects. 2. Direct the President and Chief Executive Officer, TO Live to apply for funding for the new capital improvement projects at Meridian Hall and Meridian Arts Centre related to COVID-19, as detailed in Attachment 1 to the report (August 24, 2020) from the President and Chief Executive Officer, TO Live, through the Canada Cultural Spaces Fund. 3. Contingent on securing the funding outlined in recommendations 1 and/or 2, approve proceeding with the new capital improvement projects at Meridian Hall and Meridian Arts Centre related to COVID-19 as detailed in Attachment 1 to the report (August 24, 2020) from the President and Chief Executive Officer, TO Live, and all related purchase orders and/or tender awards, as per TO Live financial policies 301, 303 and 313, not to exceed the funding secured. 4. Direct the President and Chief Executive Officer, TO Live to report back to the Board of Directors of TO Live on any outcomes from the above recommendations. 5. Direct the President and Chief Executive Officer, TO Live to research opportunities for economies of scale, and group purchasing options and report back to the TO Live - Audit Committee.
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 work with the City's Financial Planning department, as quickly as possible, to establish new capital improvement projects at Meridian Hall and Meridian Arts Centre related to COVID-19, including those detailed in Attachment 1 and investigate methods of funding these projects.
RZ7.5adopted
The purpose of this report is to update the Board on the current condition of the roof of the Meridian Arts Centre.
The TO Live - Audit Committee recommends that the Board of Directors of TO Live: 1. Receive the report (August 20, 2020) from the President and Chief Executive Officer, TO Live for information.
Staff recommendation as filed
The President and Chief Executive Officer, TO Live recommends that the Board of Directors of TO Live receive this report for information.