June 24, 1998
To:Audit Committee
From:City Auditor
Subject:Committee of Management for McCormick Playground Arena -
Management Letter
Recommendation:
It is recommended that the 1997 management letter and corresponding response relating to
the audit of the financial statements of the Committee of Management for McCormick
Playground Arena, be received for information.
Comments:
The Auditor of the former City of Toronto has completed his 1997 audit of the financial
statements of the Committee of Management for McCormick Playground Arena, for the year
ended December 31, 1997. As a bi-product of his audit, the attached management letter was
issued to the Chair of McCormick Arena. A response from the Chair of McCormick Arena
has been received.
Conclusion:
I have reviewed both the management letter, as well as the response from the McCormick
Arena. The comments contained in both letters will be addressed during our 1998 review of
the McCormick Arena, in order to ensure that issues identified have been addressed.
Contact Name and Telephone No.:
John Woods, 392-7172.
Jeff Griffiths
City Auditor