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DEPARTMENTAL OVERVIEW
FINANCE &TECHNOLOGY
2016-2020 FINANCIAL PLAN
MISSION STATEMENT
To provide expert advice, services and innovative solutions in the areas of Finance,
Taxation, Risk Management, Audit Services and Information Technology to City
departments and citizens, focusing on the City’s values to provide “An Innovative Team
Serving the Community with Integrity”.
KEY PROGRAMS AND SERVICES
The Finance & Technology Department provides financial expertise, risk management,
internal audit services, information technology services, advice and guidance to support
all City operations. The Department provides responsive services and innovative
solutions required to streamline City processes, facilitating gains in efficiencies.
The Department leads process improvements, sets, as well as maintains, financial and
information technology practices, policies and standards. The Department’s core
services include:
FINANCIAL REPORTING
Financial Reporting includes long-term
financial planning, annual budget
development, accounting, procurement
and statutory financial reporting;
responsible for presenting an annual five-
year financial plan which establishes
financial and programming priorities. The
Financial Reporting Division also keeps
management and Council informed about
the City’s financial performance on a
quarterly basis, ensuring the City meets
its annual budget and targeted savings. In
addition, this Division coordinates the
procurement of high quality, cost-
effective goods and services, while
ensuring all polices are followed and best
practices implemented. The Procurement
section follows applicable legislation and
ensures appropriate public and
competitive processes are applied.
FINANCIAL SERVICES
Financial Services includes payroll,
investments, treasury, cash management,
accounts payable, and taxation. Staff
calculate, levy, and collect property taxes,
water and sewer billing and other
payments, to ensure completeness and
accuracy. They monitor cash flow and
invest funds for maximum return while
minimizing risk and adhering to the City’s
investment policy. Staff also ensure that
all staff are paid correctly on a bi-weekly
basis and that external vendor invoices
are paid in a timely and cost effective
manner.
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