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The purpose of this report is to provide the Audit Committee and City Council with an update on the 2012 audited financial statements of Arenas and Community Centres.

The 2012 audited financial statements of the majority of Arenas and Community Centres were provided to Audit Committee at its July 4, 2013 meeting. The signed financial statements of the Leaside Memorial Community Gardens, McCormick Playground Arena and the Applegrove Community Complex had not been received at that time.

This report provides City Council with the remaining 2012 audited financial statements of Arenas and Community Centres.