TO Live - Finance and Audit Committee
The full agenda, as filed
All 3 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
2023 Fourth Quarter Financial Results and Commentary
The purpose of this report is to present the 2023 fourth quarter financial results to the Board.
The TO Live - Finance and Audit Committee recommends that the Board of Directors of TO Live: 1. Approve the 2023 fourth quarter financial operating results, as noted in Confidential Attachment 1. 2. Request that City Council consider a one-time contribution of $450,000 from the TO Live 2023 Year-End Surplus to the TO Live Programming Reserve (XQ2033) as part of the City's surplus management policy in the Operating Variance Report for the Twelve Months Ended December 31st, 2023. 3. Direct that Confidential Attachments 1 and 2 remains 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 significantly prejudice the competitive position or significantly interfere with the contractual or other negotiations of a person, group of persons, or organization.
Staff recommendation as filed
The President and Chief Executive Officer recommends that the Board of Directors of TO Live: 1. Approve the 2023 fourth quarter financial operating results, as noted in Confidential Attachment 1. 2. Request that City Council consider a one-time contribution of $450,000 from the TO Live 2023 Year-End Surplus to the TO Live Programming Reserve (XQ2033) as part of the City's surplus management policy in the Operating Variance Report for the Twelve Months Ended December 31st, 2023. 3. Direct that Confidential Attachments 1 and 2 remains 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 significantly prejudice the competitive position or significantly interfere with the contractual or other negotiations of a person, group of persons, or organization.
RZ7.2adopted
Capital Spending Update - Fourth Quarter of 2023
The purpose of this report is to update the Board on capital spending activity for the fourth quarter of 2023.
The TO Live - Finance and Audit Committee recommends that the Board of Directors of TO Live: 1. 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 significantly prejudice 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 recommends that the Board of Directors of TO Live: 1. 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 significantly prejudice the competitive position or interfere significantly with the contractual or other negotiations of a person, group of persons, or organization.
RZ7.3adopted
The purpose of this report is to seek Board approval on updates to TO Live's financial policies.
The TO Live - Finance and Audit Committee recommends that the Board of Directors of TO Live: 1. Approve the list of updated financial policies, as outlined in Attachments 1 and 2.
Staff recommendation as filed
The President and Chief Executive Officer recommends that the Board of Directors of TO Live: 1. Approve the list of updated financial policies, as outlined in Attachments 1 and 2.