The TTC’s Audit Committee recently considered the Draft Financial Statement for 2010, a report that will likely show up on the regular meeting agenda in May.  As usual, the interesting parts are buried in the notes.

Last fall, I wrote about the manner in which the TTC is financed and the baffling array of programs and reserve funds through which money flows to various parts of the TTC operating and capital budget.  This article continues with the info for 2010.

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