Responsibilities
The Financial Services Division is involved in almost every aspect of municipal activities. Consequently, Financial Services is not only a busy division, but a complex one. Strategic planning plays a key role, as does customer service.
Providing Financial Expertise
The Division provides financial expertise, information, guidance and advice on day-to-day operational matters to internal customers (Council, Department managers and staff) and external customers (taxpayers, the provincial and federal governments, etc.). The division also develops financial policies and procedures that assist Council and guide staff in shaping the direction of the municipality.
Providing Full Disclosure About Financial Affairs
Staff provide accurate and full disclosure about the financial affairs of the municipality as set out in the Local Government Act. This information includes:
- Annual Financial Statements
- Operations and capital budgets
- Long-term financial plans
- Setting of annual property tax and water, sewer and solid waste rates (hyper link)
- Public bodies reports
- Annual municipal reporting forms
- Investments
Administering Various Legislation
The Division is responsible for the administration of various legislation, including, the Local Government Act, Assessment Act, School Tax Act, etc. The Division is active in the preparation and dissemination of information, providing both technical and financial advice to the organization. Monthly reporting is provided by a team of qualified and educated professionals who participate in related skill advancement sessions on an ongoing basis.
Producing Long-Term Growth Management Strategies
Long-term growth management strategies such as the Multi-Year Capital Plan and MACE are developed and implemented to better plan for the community.
Developing and Implementing Financial Controls
The Division develops and implements financial controls that safeguard municipal assets (such as the collection and expenditure of funds) and prevent fraud and error.
Staff
The Division is staffed by a budget analyst and the General Manager, Corporate Services. They are responsible for the preparation of annual budgets, including the setting of the annual property tax and water, sewer and solid waste rates, the preparation of the annual financial statements and more.