City of Toronto Logo Agenda

Supplementary


Audit Committee

Meeting No. 19   Contact Rosemary MacKenzie, Council Administrator
Meeting Date Monday, July 5, 2010
   Phone 416-392-8021
Start Time 9:30 AM
   E-mail rmacken@toronto.ca
Location Committee Room 1, City Hall
  Chair   Councillor Doug Holyday  

1i Toronto Parking Authority - 2009 Financial Statements
Summary

Audited Financial Statements and Audit Results for the Toronto Parking Authority for the year ended December 31, 2009.
Background Information
Financial Statements - Toronto Parking Authority, December 31, 2009
(http://www.toronto.ca/legdocs/mmis/2010/au/bgrd/backgroundfile-31776.pdf)
Audit Results - Toronto Parking Authority, December 31, 2009
(http://www.toronto.ca/legdocs/mmis/2010/au/bgrd/backgroundfile-31777.pdf)

AU19.3

ACTION 

 

 

Ward: All 
Trust Funds - 2009 Audited Consolidated Financial Statements
Origin
(June 28, 2010) Report from the Treasurer
Recommendations

The Treasurer recommends that:

 

1.         The Audit Committee approve the 2009 Audited Trust Funds Consolidated Financial Statements as attached in Appendix A, and forward them to City Council for its approval.
Summary

The purpose of this report is to present the City of Toronto’s Consolidated Trust Funds Financial Statements for the year ended December 31, 2009 to the Audit Committee and City Council for approval.
Financial Impact

There are no financial impacts resulting from this report.

 
Background Information
Report (June 28, 2010) from the Treasurer - 2009 Audited Trust Funds Consolidated Financial Statements
(http://www.toronto.ca/legdocs/mmis/2010/au/bgrd/backgroundfile-31785.pdf)
Appendix A - 2009 Trust Funds Consolidated Financial Statements
(http://www.toronto.ca/legdocs/mmis/2010/au/bgrd/backgroundfile-31786.pdf)
Appendix B - 2009 Audit Results - Consolidated Trust Funds
(http://www.toronto.ca/legdocs/mmis/2010/au/bgrd/backgroundfile-31787.pdf)
Place Holder Report (June 16, 2010) from the Treasurer - 2009 Audited Trust Funds Consolidated Financial Statements
(http://www.toronto.ca/legdocs/mmis/2010/au/bgrd/backgroundfile-31531.pdf)

16a Adjustments to Sole Source Activity Report
Origin
(June 25, 2010) Letter from the City Manager
Summary

It has recently come to our attention that certain information pertaining to 2008 sole source purchases for the Ombudsman's Office was coded incorrectly, and as such inaccurately presented in the Treasurer's report.  I have consulted with the Treasurer and the errors have been adjusted.

 

Please find attached the following pages reflecting accurate information on sole source purchases for the Ombudsman's Office:

 

-  a revised page 5 of the staff report; and

 

-  a revised page 135 for Attachment 3 (page 136 has been deleted as a result of the corrections made to page 135).
Background Information
Letter (June 25, 2010) from the City Manager, submitting a revised Pg. 5 of the staff report, and a revised Pg. 135 of Attachment 3
(http://www.toronto.ca/legdocs/mmis/2010/au/bgrd/backgroundfile-31792.pdf)