Item No. 7.5

Council Report: C 42/2020

Subject: Your Quick Gateway (Windsor) Inc. 3rd Quarter 2019 Financial Statements - City Wide

Reference:

• Date to Council: May 4, 2020
• Author: Dan Seguin
• Deputy Treasurer - Financial Accounting
• (519) 255-6100 Ext. 1663
• dseguin@citywindsor.ca
• Financial Accounting
• Report Date: 3/6/2020
• Clerk’s File #: APM/9795

To: Mayor and Members of City Council

Recommendation:

THAT City Council RECEIVE for information, the Your Quick Gateway (Windsor) Inc. 3rd Quarter 2019 Financial Statements.

Executive Summary:

N/A

Background:

The Windsor Airport Management Agreement requires that Quarterly Financial Statements be provided to City Council.

Discussion:

In compliance with this requirement, Your Quick Gateway (Windsor) Inc. (YQG) has provided internal financial statements as at September 30, 2019 with comparatives as at September 30, 2018.

Risk Analysis:

Financial Matters:

See attached appendices, which include the following as at September 30, 2019:

Summary Internal Statement of Income

Summary Internal Statement of Financial Position