Annual Reports and Corporate Plans
- Annual Reports and Corporate Plans
The Ministry of Transportation is required to issue annual mandate letters to Metrolinx to increase the public’s knowledge and awareness of our mandate and the government’s transit priorities, and to further promote the principles of openness and transparency. This letter sets out the minister’s expectations for the Metrolinx Board of Directors each fiscal year, including priority actions and agency performance. It has been designed and timed to inform Metrolinx’s annual business planning cycle.
Metrolinx produces an Annual Report that outlines the major highlights and milestones from the fiscal period April 1 to March 31. The Annual Report also includes Metrolinx’s audited financial statements for the fiscal period.
Metrolinx Business Plan
Guided by the Metrolinx Five Year Strategy, the Metrolinx Business Plan is produced annually and presents priorities for the year, as well as analysis and evaluation of the previous years’ results for all operating divisions. The Business Plan looks at the organization’s strategic direction, performance measures, risk assessment, business environment and deliverables for the fiscal year. The Appendix summarizes the previous years’ operating results, key statistics and assumptions.
Metrolinx also produces a Five Year Strategic Plan that is reviewed annually and sets the overall direction for the organization.
On May 14, 2009, Bill 163 was proclaimed amending the Greater Toronto Transportation Authority Act, 2006 and changing the title of the Act to the Metrolinx Act, 2006. As a result, the Greater Toronto Transit Authority (GO Transit) has been dissolved and all of its assets, liabilities, rights and obligations have been transferred to Metrolinx effective May 14, 2009. Financial statements for fiscal 2009/2010 reflect the operations of the amalgamated Metrolinx.