Rates of board remuneration are set by City Council in accordance with the City's Remuneration Policy.
Under the policy, Council members or City officials who serve on the boards of directors of City agencies, boards, commissions and corporations (ABCCs) or as members of a special purpose body (SPB) do not receive additional remuneration for serving on these bodies beyond their regular salaries.
The policy stipulates that remuneration is paid to citizen members only when the board operates in a business environment (corporations), where a payment is required by legislation (some service boards), when duties are adjudicative in nature and time commitment is substantial (quasi-judicial), and for specific financial expertise (fund investments).
The Remuneration Policy is based on a number of key principles, including:
- an element of public service is implied in any citizen appointment
- payments are not intended to be equal to the value of services rendered, nor are they intended to be competitive with the appointee's usual occupational compensation
The Expense and Travel Reimbursement Policy for board appointees is based on policies and guidelines that apply to City staff.
Any remuneration or expenses paid to Council members and citizen appointees is reported to Council on an annual basis by the Treasurer, as required by section 223 of the City of Toronto Act.
Most of the City's agencies, boards and commissions (ABCs) submit their recommended operating and capital budgets to the City for approval as part of the City's budget review process. The final authority for approving these budgets rests with City Council.
The City's quasi-judicial bodies do not manage staff or have their own budgets. The members of these bodies attend hearings to adjudicate and render decisions. Administrative support is provided by City staff, and the relevant program area in the City prepares and submits the budget.
City corporations operate as businesses in accordance with Shareholder Directions approved by Council, and do not submit their budgets to City Council for approval. Each board of directors has the authority to approve the Corporation's budget.
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