July 8, 1998
To:Strategic Policies and Priorities Committee
From:Audit Committee
Subject:1997 Financial Statements of the Toronto Transit Commission
Recommendation:
That the 1997 Financial Statements of the Toronto Transit Commission be received
and Council so advised.
Background:
At its meeting held on July 7, 1998, the Audit Committee had before it a report (June 17,
1998) from the City Clerk forwarding from the Urban Environment and Development
Committee the 1997 Financial Statements of the Toronto Transit Commission.
The Audit Committee advises that it received the aforementioned Financial Statements,
which were circulated to all Members of Council with the Agenda for the Audit Committee
meeting held on July 7, 1998.
Interim Secretary
Audit Committee
Christine Dodds 392-7031