Item - 2017.AU10.16

Tracking Status

City Council adopted this item on November 7, 2017 without amendments and without debate.
This item was considered by the Audit Committee on October 27, 2017 and adopted without amendment. It will be considered by City Council on November 7, 2017.

AU10.16 - 2016 Audited Financial Statements of Business Improvement Areas (BIAs) - Report No. 2

Decision Type:: ACTION

Status:: Adopted on Consent

Wards:: All

City Council Decision

City Council on November 7, 8 and 9, 2017, adopted the following:

1. City Council approve the 2016 audited financial statements and management letters of twenty-seven (27) Business Improvement Areas attached as Appendices A to AB to the report (October 13, 2017) from the Treasurer and the Director, Business Growth Services, Economic Development and Culture.

Background Information (Committee)

(October 13, 2017) Report from the Treasurer and the Director, Business Growth Services, Economic Development and Culture - 2016 Audited Financial Statements of Business Improvement Areas (BIAs) - Report No. 2
https://www.toronto.ca/legdocs/mmis/2017/au/bgrd/backgroundfile-107852.pdf
Appendix A: Albion Islington Square Financial Statements
https://www.toronto.ca/legdocs/mmis/2017/au/bgrd/backgroundfile-107854.pdf
Appendix B: Bloor Annex Financial Statements
https://www.toronto.ca/legdocs/mmis/2017/au/bgrd/backgroundfile-107855.pdf
Appendix C: Bloordale Village Financial Statements
https://www.toronto.ca/legdocs/mmis/2017/au/bgrd/backgroundfile-107856.pdf
Appendix D: Corso Italia Financial Statements
https://www.toronto.ca/legdocs/mmis/2017/au/bgrd/backgroundfile-107857.pdf
Appendix E: Danforth Village Financial Statements
https://www.toronto.ca/legdocs/mmis/2017/au/bgrd/backgroundfile-107858.pdf
Appendix F: Dovercourt Village Financial Statements
https://www.toronto.ca/legdocs/mmis/2017/au/bgrd/backgroundfile-107859.pdf
Appendix F1: Dovercourt Village Management Letter
https://www.toronto.ca/legdocs/mmis/2017/au/bgrd/backgroundfile-107860.pdf
Appendix G: Emery Village Financial Statements
https://www.toronto.ca/legdocs/mmis/2017/au/bgrd/backgroundfile-107861.pdf
Appendix H: Gerrard India Bazaar Financial Statements
https://www.toronto.ca/legdocs/mmis/2017/au/bgrd/backgroundfile-107862.pdf
Appendix I: Greektown on the Danforth Financial Statements
https://www.toronto.ca/legdocs/mmis/2017/au/bgrd/backgroundfile-107863.pdf
Appendix J: Hillcrest Village Financial Statements
https://www.toronto.ca/legdocs/mmis/2017/au/bgrd/backgroundfile-107864.pdf
Appendix J1: Hillcrest Village Management Letter
https://www.toronto.ca/legdocs/mmis/2017/au/bgrd/backgroundfile-107865.pdf
Appendix K: Kennedy Road Financial Statements
https://www.toronto.ca/legdocs/mmis/2017/au/bgrd/backgroundfile-107866.pdf
Appendix L: Kensington Market Financial Statements
https://www.toronto.ca/legdocs/mmis/2017/au/bgrd/backgroundfile-107867.pdf
Appendix L-1: Kensington Market Management Letter
https://www.toronto.ca/legdocs/mmis/2017/au/bgrd/backgroundfile-107868.pdf
Appendix M: Korea Town Financial Statements
https://www.toronto.ca/legdocs/mmis/2017/au/bgrd/backgroundfile-107869.pdf
Appendix N: Lakeshore Village Financial Statements
https://www.toronto.ca/legdocs/mmis/2017/au/bgrd/backgroundfile-107870.pdf
Appendix N1: Lakeshore Village Management Letter
https://www.toronto.ca/legdocs/mmis/2017/au/bgrd/backgroundfile-107871.pdf
Appendix O: Leslieville Financial Statements
https://www.toronto.ca/legdocs/mmis/2017/au/bgrd/backgroundfile-107872.pdf
Appendix P: Long Branch Financial Statements
https://www.toronto.ca/legdocs/mmis/2017/au/bgrd/backgroundfile-107873.pdf
Appendix Q: Marketo District Financial Statements
https://www.toronto.ca/legdocs/mmis/2017/au/bgrd/backgroundfile-107874.pdf
Appendix R: Mimico By The Lake Financial Statements
https://www.toronto.ca/legdocs/mmis/2017/au/bgrd/backgroundfile-107875.pdf
Appendix S: Mirvish Village Financial Statements
https://www.toronto.ca/legdocs/mmis/2017/au/bgrd/backgroundfile-107876.pdf
Appendix T: Oakwood Village Financial Statements
https://www.toronto.ca/legdocs/mmis/2017/au/bgrd/backgroundfile-107878.pdf
Appendix U: Ossington Avenue Financial Statements
https://www.toronto.ca/legdocs/mmis/2017/au/bgrd/backgroundfile-107879.pdf
Appendix U1: Ossington Avenue Management Letter
https://www.toronto.ca/legdocs/mmis/2017/au/bgrd/backgroundfile-107880.pdf
Appendix V: Queen Street West Financial Statements
https://www.toronto.ca/legdocs/mmis/2017/au/bgrd/backgroundfile-107881.pdf
Appendix V1: Queen Street West Management Letter
https://www.toronto.ca/legdocs/mmis/2017/au/bgrd/backgroundfile-107882.pdf
Appendix W: St.Clair Gardens Financial Statements
https://www.toronto.ca/legdocs/mmis/2017/au/bgrd/backgroundfile-107883.pdf
Appendix X: The Beach Financial Statements
https://www.toronto.ca/legdocs/mmis/2017/au/bgrd/backgroundfile-107884.pdf
Appendix Y: The Danforth Financial Statements
https://www.toronto.ca/legdocs/mmis/2017/au/bgrd/backgroundfile-107885.pdf
Appendix Z: Trinity Bellwoods Financial Statements
https://www.toronto.ca/legdocs/mmis/2017/au/bgrd/backgroundfile-107886.pdf
Appendix Z1: Trinity Bellwoods Management Letter
https://www.toronto.ca/legdocs/mmis/2017/au/bgrd/backgroundfile-107887.pdf
Appendix AA: Upper Village Financial Statements
https://www.toronto.ca/legdocs/mmis/2017/au/bgrd/backgroundfile-107888.pdf
Appendix AA1: Upper Village Management Letter
https://www.toronto.ca/legdocs/mmis/2017/au/bgrd/backgroundfile-107889.pdf
Appendix AB: A letter from the auditor, Rafiq Dosani dated September 20, 2017 stating that there were no significant management letter issues identified for nineteen (19) of the BIAs audited by him and appended.
https://www.toronto.ca/legdocs/mmis/2017/au/bgrd/backgroundfile-107890.pdf

AU10.16 - 2016 Audited Financial Statements of Business Improvement Areas (BIAs) - Report No. 2

Decision Type:: ACTION

Status:: Adopted

Wards:: All

Committee Recommendations

The Audit Committee recommend that:

Origin

(October 13, 2017) Report from the Treasurer and the Director, Business Growth Services, Economic Development and Culture

Summary

The purpose of this report is to present the 2016 audited financial statements and management letters for the final twenty-seven (27) Business Improvement Areas (BIAs) to Audit Committee and City Council for approval.

Background Information

Motions

1 - Motion to Adopt Item moved by Councillor Chin Lee (Carried)

Item - 2017.AU10.16

Tracking Status

City Council consideration on November 7, 2017

AU10.16 - 2016 Audited Financial Statements of Business Improvement Areas (BIAs) - Report No. 2

City Council Decision

Background Information (Committee)

Audit Committee consideration on October 27, 2017

AU10.16 - 2016 Audited Financial Statements of Business Improvement Areas (BIAs) - Report No. 2

Committee Recommendations

Origin

Summary

Background Information

Motions