Item No. 7.2

Council Report: C 2/2020

Subject: Windsor Canada Utilities Ltd. 3rd Quarter 2019 Financial Statements - City Wide

Reference:

• Date to Council: January 20, 2020
• Author: Janice Guthrie
• Deputy Treasurer - Taxation & Financial Projects
• 519-255-6100 Ext. 6271
• jguthrie@citywindsor.ca
• Taxation & Financial Projects
• Report Date: January 3, 2020
• Clerk's File #: AF2020

To: Mayor and Members of City Council

Recommendation:

THAT City Council RECEIVE for information, the Windsor Canada Utilities Ltd. 3rd Quarter 2019 Financial Statements.

Executive Summary:

N/A

Background:

Background: The Shareholder direction for Windsor Canada Utilities Ltd. (WCU) requires that Quarterly Financial Statements be provided to the shareholder.

Discussion:

In compliance with this requirement, WCU has provided consolidated financial statements as at September 30, 2019 with comparatives as at September 30, 2018.

Risk Analysis:

N/A

Financial Matters:

See attached Appendix A, which includes the following as at September 30, 2019:

 Covering letter from WCU's Vice President and Chief Financial Officer and the President and Chief Executive Officer