Agenda Package: Business Board - June 18, 2026

To listen to the live webcast of the meeting, go to: https://www.youtube.com/live/cJyIhBgsOtY

AGENDA

Pursuant to section 33(i) of By-Law Number 2,
consideration of items 17 to 29 will take place in camera.

OPEN SESSION

1. Chair’s Remarks
2. Reports of the Administrative Assessors
3. Audited Financial Statements
   (arising from the meeting of the Audit Committee, June 17, 2026)
   1. Audited Financial Statements for the Fiscal Year ended April 30, 2026 (for recommendation)*
      
      Be It Recommended, 
      
      THAT the University of Toronto audited financial statements for the fiscal year ended April 30, 2026, be approved. 
   2. Supplementary Report by Fund (April 30, 2026) (for information)*

4. Appointment of the External Auditors (for recommendation)*
   (arising from the meeting of the Audit Committee, June 17, 2026)
   
   The recommendations for the appointment of auditors are confidential until they have been reviewed and recommended for approval by the Committee.

5. St. George Campus Plan 2040 (1) (2) (for information)*
6. Annual Report 2025-26: Vice President, Operations & Real Estate Partnerships (for information)
7. Annual Report 2025-26: Vice President, International (for information)*
8. Annual Report: Equity, Diversity and Inclusion (for information)*

CONSENT AGENDA 

9. Annual Report: Discovery Pharmacy (for information)*
10. Quarterly List of Donations of $250,000 or more to the University of Toronto: February 1 - April 30, 2026 (for information)*
11. Debt Policy Limit, Debt Allocations, Outstanding Debt Issued and Status of the Long-Term Borrowing Pool to April 30, 2026 (for information)*
12. Status Report on Debt to May 31, 2026 (for information)*
13. Report of the Previous Meeting: Report Number 290, April 22, 2026 (for approval)*
14. Business Arising from the Report of the Previous Meeting
15. Date of Next Meeting – September 23, 2026, at 5:00 p.m. 

END OF CONSENT AGENDA

16. Other Business

IN CAMERA SESSION

17. In Camera Reports of the Administrative Assessors
18. Capital Project (Level 2): University of Toronto Faculty of Dentistry Clinic 2 Renewal
    1. Financing Requirements (for approval)+
    2. Execution of Project (for approval)+
19. Capital Project (Level 2): Department of Computer Science at Schwartz Reisman Innovation Campus – West – Execution of Project (for approval)+
20. Capital Project (Level 3): Academic Wood Tower – Revised Total Project Cost and Sources of Funding
    1. Financing Requirements (for approval)+
    2. Execution of Project (for approval)+
21. Capital Project (Level 3): UTSC Field House – Execution of Project (for approval)+
22. Build More Housing Initiative: Recapitalization Strategy (for approval)+
23. Capital Project (Level 3): Build More Housing Initiative: On-Campus Housing – Real Estate Partnership
    1. Financing Requirements (for approval)+
    2. Execution of Project (for approval)+

IN CAMERA CONSENT AGENDA

24. Annual Report of the Senior Appointments and Compensation Committee for 2025-26 (for information)+
25. Collective Agreement Renewal (for information)+
26. Report on Capital Projects as of May 30, 2026 (for information)+
27. Project Completion Report (for information)+
28. Report of the Striking Committee: Co-opted Membership of the Business Board and the Audit Committee for 2026-2027 (for approval)+
29. Third-Century Chair Matching Program: Use of Operating Reserves for the Establishment of a Chair in Economics in the Faculty of Arts & Science (for approval)+

END OF CONSENT AGENDA

*Documentation is attached.
**Documentation for consent item included. This item will be given individual consideration by the Business Board only if a member so requests. Members with questions or who would like the consent item to be discussed by the Business Board are invited to notify the Secretary, Lauren Turner, at least 24 hours in advance of the meeting by email at lauren.turner@utoronto.ca
***Documentation is to follow
+Confidential documentation is attached for members only.