Item - 2015.AU3.1
Tracking Status
- City Council adopted this item on July 7, 2015 without amendments and without debate.
- This item was considered by the Audit Committee on June 26, 2015 and adopted without amendment. It will be considered by City Council on July 7, 2015.
AU3.1 - City of Toronto - 2014 Audited Consolidated Financial Statements
- Decision Type:
- ACTION
- Status:
- Adopted on Consent
- Wards:
- All
City Council Decision
City Council on July 7, 8 and 9, 2015, adopted the following:
1. City Council approve the 2014 Consolidated Financial Statements as attached in Appendix A to the report (June 11, 2015) from the Deputy City Manager and Chief Financial Officer and the Acting Treasurer.
Background Information (Committee)
https://www.toronto.ca/legdocs/mmis/2015/au/bgrd/backgroundfile-81479.pdf
Appendix A - 2014 Consolidated Financial Statements
https://www.toronto.ca/legdocs/mmis/2015/au/bgrd/backgroundfile-81480.pdf
Appendix B - Key Issues/Risks Facing the City of Toronto
https://www.toronto.ca/legdocs/mmis/2015/au/bgrd/backgroundfile-81481.pdf
Appendix C - Glossary
https://www.toronto.ca/legdocs/mmis/2015/au/bgrd/backgroundfile-81482.pdf
City of Toronto - 2014 Year-end Report - submitted by PricewaterhouseCoopers
https://www.toronto.ca/legdocs/mmis/2015/au/bgrd/backgroundfile-81483.pdf
Presentation material submitted by the Acting Treasurer
https://www.toronto.ca/legdocs/mmis/2015/au/bgrd/backgroundfile-81812.pdf
AU3.1 - City of Toronto - 2014 Audited Consolidated Financial Statements
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
Committee Recommendations
The Audit Committee recommends that:
1. City Council approve the 2014 Consolidated Financial Statements as attached in Appendix A to the report (June 11, 2015) from the Deputy City Manager and Chief Financial Officer and the Acting Treasurer.
Decision Advice and Other Information
Mike St. Amant, Acting Treasurer, and Shairoz Murji, Acting Director, Accounting Services, made a presentation to the Audit Committee on the City of Toronto 2014 Consolidated Financial Statements.
Origin
Summary
This report presents the City of Toronto's Consolidated Financial Statements for the year ended December 31, 2014 to Committee and Council for approval and provides highlights of the City’s 2014 financial performance and financial condition as of December 31, 2014.
Background Information
https://www.toronto.ca/legdocs/mmis/2015/au/bgrd/backgroundfile-81479.pdf
Appendix A - 2014 Consolidated Financial Statements
https://www.toronto.ca/legdocs/mmis/2015/au/bgrd/backgroundfile-81480.pdf
Appendix B - Key Issues/Risks Facing the City of Toronto
https://www.toronto.ca/legdocs/mmis/2015/au/bgrd/backgroundfile-81481.pdf
Appendix C - Glossary
https://www.toronto.ca/legdocs/mmis/2015/au/bgrd/backgroundfile-81482.pdf
City of Toronto - 2014 Year-end Report - submitted by PricewaterhouseCoopers
https://www.toronto.ca/legdocs/mmis/2015/au/bgrd/backgroundfile-81483.pdf
Presentation material submitted by the Acting Treasurer
https://www.toronto.ca/legdocs/mmis/2015/au/bgrd/backgroundfile-81812.pdf