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Finance &Technology
2016-2020 FINANCIAL PLAN
FUTURE INITIATIVES
ECONOMIC
Develop an analysis tool that
measures “triple bottom line”
accountability;
Perform annual review of current
policies;
Continue to manage debt;
Ensure sufficient reserves for
equipment replacement costs;
Maintain sound purchasing practices
and finalize the revamped Purchasing
and Process Manual and roll it out
corporately with related training
sessions;
Maximize return on investment
portfolio while adhering to all
governing policies and legislation;
Broaden operating revenue sources to
provide for growth–related needs;
Assist other departments in obtaining
government grants;
Continue to promote auto debit as a
payment method for metered utility
clients and explore other electronic
payment options;
Prepare and publish financial
statements garnering an unqualified
audit opinion and address all audit
findings;
Continue with releasing the Annual
Corporate Audit Plan;
Conduct special audits as directed by
the Senior Management Team, Audit
Committee, and City Manager;
Review select financial streams to
assess controls and provide
recommendations for improvement;
Provide expert internal audit services
to other Municipalities; and
Take proactive measures to ensure
City systems have accurate and
complete financial information.
ENVIRONMENTAL
Continue to reduce departmental
energy consumption and waste;
Continue to promote Financial E-
Services such as e-billing, invoice
submission, electronic fund transfers;
Encourage staff to make one
sustainable process improvement
each year;
Implement a paperless claim system;
Educate staff about environmental
issues;
Implement an electronic content
management system;
Encourage vendors to submit invoices
and make bid submissions via email in
order to minimize paper usage;
Include an appropriate sustainability
criteria into our solicitations to
facilitate and promote corporate
sustainability with our external
stakeholders;
Minimize the number of hardcopies
printed for various financial
documents, including the Annual
Financial Plan and Financial
Statements;
Represent Finance in working with the
Sustainability office to update the
Sustainability Charter; and
Explore the use of digital signatures
for City contracts and amending
agreements.
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