Item - 2018.AU13.8

Tracking Status

City Council adopted this item on July 23, 2018 without amendments and without debate.
This item was considered by the Audit Committee on July 13, 2018 and adopted without amendment. It will be considered by City Council on July 23, 2018.

AU13.8 - Business Improvement Areas (BIAs) - 2017 Audited Financial Statements - Report No. 2

Decision Type:: ACTION

Status:: Adopted on Consent

Wards:: All

City Council Decision

City Council on July 23, 24, 25, 26, 27 and 30, 2018, adopted the following:

1. City Council approve the 2017 audited financial statements and management letters of thirty-six Business Improvement Areas attached as Appendices A to AL to the report (June 27, 2018) from the Treasurer and the Director of Business Growth Services, Economic Development and Culture.

Background Information (Committee)

(June 27, 2018) Report from the Treasurer and the Director, Business Growth Services, Economic Development and Culture - 2017 Audited Financial Statements of Business Improvement Areas (BIAs) - Report No. 2
https://www.toronto.ca/legdocs/mmis/2018/au/bgrd/backgroundfile-117763.pdf
Appendix A: Albion Islington Square Financial Statements
https://www.toronto.ca/legdocs/mmis/2018/au/bgrd/backgroundfile-117764.pdf
Appendix B: Bloor Annex Financial Statements
https://www.toronto.ca/legdocs/mmis/2018/au/bgrd/backgroundfile-117747.pdf
Appendix C: Bloor By The Park Financial Statements
https://www.toronto.ca/legdocs/mmis/2018/au/bgrd/backgroundfile-117748.pdf
Appendix D: Bloor Street Financial Statements
https://www.toronto.ca/legdocs/mmis/2018/au/bgrd/backgroundfile-117749.pdf
Appendix E: Bloor Yorkville Financial Statements
https://www.toronto.ca/legdocs/mmis/2018/au/bgrd/backgroundfile-117750.pdf
Appendix F: Cityplace & Fort York Financial Statements
https://www.toronto.ca/legdocs/mmis/2018/au/bgrd/backgroundfile-117751.pdf
Appendix G: Danforth Mosaic Financial Statements
https://www.toronto.ca/legdocs/mmis/2018/au/bgrd/backgroundfile-117781.pdf
Appendix H: Danforth Village Financial Statements
https://www.toronto.ca/legdocs/mmis/2018/au/bgrd/backgroundfile-117782.pdf
Appendix I: Dovercourt Village Financial Statements
https://www.toronto.ca/legdocs/mmis/2018/au/bgrd/backgroundfile-117783.pdf
Appendix I-1: Dovercourt Village Management Letter
https://www.toronto.ca/legdocs/mmis/2018/au/bgrd/backgroundfile-117784.pdf
Appendix J: Downtown Yonge Financial Statements
https://www.toronto.ca/legdocs/mmis/2018/au/bgrd/backgroundfile-117785.pdf
Appendix J-1: Downtown Yonge Management Letter
https://www.toronto.ca/legdocs/mmis/2018/au/bgrd/backgroundfile-117786.pdf
Appendix K: Dupont By The Castle Financial Statements
Appendix K-1: Dupont By The Castle Management Letter
https://www.toronto.ca/legdocs/mmis/2018/au/bgrd/backgroundfile-117788.pdf
Appendix L: Eglinton Hill Financial Statements
https://www.toronto.ca/legdocs/mmis/2018/au/bgrd/backgroundfile-117789.pdf
Appendix M: Emery Village Financial Statements
https://www.toronto.ca/legdocs/mmis/2018/au/bgrd/backgroundfile-117790.pdf
Appendix N: Forest Hill Village Financial Statements
https://www.toronto.ca/legdocs/mmis/2018/au/bgrd/backgroundfile-117791.pdf
Appendix O: Gerrard India Bazaar Financial Statements
https://www.toronto.ca/legdocs/mmis/2018/au/bgrd/backgroundfile-117792.pdf
Appendix P: Harbord Street Financial Statements
https://www.toronto.ca/legdocs/mmis/2018/au/bgrd/backgroundfile-117793.pdf
Appendix Q: Junction Gardens Financial Statements
https://www.toronto.ca/legdocs/mmis/2018/au/bgrd/backgroundfile-117794.pdf
Appendix R: Kennedy Road District Financial Statements
https://www.toronto.ca/legdocs/mmis/2018/au/bgrd/backgroundfile-117795.pdf
Appendix S: Lakeshore Village Financial Statements
https://www.toronto.ca/legdocs/mmis/2018/au/bgrd/backgroundfile-117796.pdf
Appendix S-1: Lakeshore Village Management Letter
https://www.toronto.ca/legdocs/mmis/2018/au/bgrd/backgroundfile-117797.pdf
Appendix T: Long Branch Financial Statements
https://www.toronto.ca/legdocs/mmis/2018/au/bgrd/backgroundfile-117798.pdf
Appendix U: Marketo District Financial Statements
https://www.toronto.ca/legdocs/mmis/2018/au/bgrd/backgroundfile-117799.pdf
Appendix V: Midtown Yonge Financial Statements
https://www.toronto.ca/legdocs/mmis/2018/au/bgrd/backgroundfile-117820.pdf
Appendix V-1: Midtown Yonge Management Letter
https://www.toronto.ca/legdocs/mmis/2018/au/bgrd/backgroundfile-117821.pdf
Appendix W: Mimico By The Lake Financial Statements
https://www.toronto.ca/legdocs/mmis/2018/au/bgrd/backgroundfile-117822.pdf
Appendix X: Mimico Village Financial Statements
https://www.toronto.ca/legdocs/mmis/2018/au/bgrd/backgroundfile-117824.pdf
Appendix Y: Mirvish Village Financial Statements
https://www.toronto.ca/legdocs/mmis/2018/au/bgrd/backgroundfile-117825.pdf
Appendix Z: Mount Dennis Financial Statements
Appendix AA: Mount Pleasant Financial Statements
https://www.toronto.ca/legdocs/mmis/2018/au/bgrd/backgroundfile-117827.pdf
Appendix AB: Pape Village Financial Statements
https://www.toronto.ca/legdocs/mmis/2018/au/bgrd/backgroundfile-117828.pdf
Appendix AC: Regal Heights Village Financial Statements
https://www.toronto.ca/legdocs/mmis/2018/au/bgrd/backgroundfile-117829.pdf
Appendix AD: Rosedale Main Street Financial Statements
https://www.toronto.ca/legdocs/mmis/2018/au/bgrd/backgroundfile-117830.pdf
Appendix AE: St. Clair Gardens Financial Statements
https://www.toronto.ca/legdocs/mmis/2018/au/bgrd/backgroundfile-117831.pdf
Appendix AF: St. Lawrence Market Neighbourhood Financial Statements
https://www.toronto.ca/legdocs/mmis/2018/au/bgrd/backgroundfile-117832.pdf
Appendix AG: The Waterfront Financial Statements
https://www.toronto.ca/legdocs/mmis/2018/au/bgrd/backgroundfile-117833.pdf
Appendix AH: Toronto Entertainment District Financial Statements
https://www.toronto.ca/legdocs/mmis/2018/au/bgrd/backgroundfile-117834.pdf
Appendix AH-1: Toronto Entertainment District Management Letter
https://www.toronto.ca/legdocs/mmis/2018/au/bgrd/backgroundfile-117835.pdf
Appendix AI: Trinity Bellwoods Financial Statements
https://www.toronto.ca/legdocs/mmis/2018/au/bgrd/backgroundfile-117836.pdf
Appendix AI-1: Trinity Bellwoods Management Letter
https://www.toronto.ca/legdocs/mmis/2018/au/bgrd/backgroundfile-117837.pdf
Appendix AJ: Wilson Village Financial Statements
https://www.toronto.ca/legdocs/mmis/2018/au/bgrd/backgroundfile-117838.pdf
Appendix AK: A letter from the auditor, Rafiq Dosani dated May 10, 2018 stating that there were no significant management letter issues identified for sixteen of the BIAs audited by him and appended to this report.
https://www.toronto.ca/legdocs/mmis/2018/au/bgrd/backgroundfile-117839.pdf
Appendix AL: A letter from the auditor, Rafiq Dosani dated June 12, 2018 stating that there were no significant Management letter issues identified for thirteen of the BIAs audited by him and appended to this report.
https://www.toronto.ca/legdocs/mmis/2018/au/bgrd/backgroundfile-117840.pdf

AU13.8 - Business Improvement Areas (BIAs) - 2017 Audited Financial Statements - Report No. 2

Decision Type:: ACTION

Status:: Adopted

Wards:: All

Committee Recommendations

The Audit Committee recommends that:

1. City Council approve the 2017 audited financial statements and management letters of thirty-six Business Improvement Areas attached as Appendices A to AL of the report (June 27, 2018) from the Treasurer and the Director of Business Growth Services, Economic Development and Culture.

Origin

(June 27, 2018) Report from the Treasurer and the Director, Business Growth Services, Economic Development and Culture

Summary

The purpose of this report is to present the 2017 audited financial statements and management letters for thirty-six Business Improvement Areas (BIAs) to Audit Committee and City Council for approval.

Nine BIAs did not submit their audited financial statements in time for inclusion in this report; those statements will be submitted at the next available Audit Committee during the next term of Council.

Background Information

Motions

1 - Motion to Adopt Item moved by Councillor Janet Davis (Carried)

Item - 2018.AU13.8

Tracking Status

City Council consideration on July 23, 2018

AU13.8 - Business Improvement Areas (BIAs) - 2017 Audited Financial Statements - Report No. 2

City Council Decision

Background Information (Committee)

Audit Committee consideration on July 13, 2018

AU13.8 - Business Improvement Areas (BIAs) - 2017 Audited Financial Statements - Report No. 2

Committee Recommendations

Origin

Summary

Background Information

Motions