Programs & Services
The Finance Department is responsible for the treasury, insurance and risk management, as well as financial services such as records, payroll, accounts payable and accounts receivable. Staff analyse tax ratios, capping tools and legislation and make recommendations to County Council on tax policy. The department coordinates and presents the annual budget process, and calculates and sets budget estimates and County tax rates for all property classes.
Internal audits, program evaluation and the coordination of external audits also fall under the realm of the Finance Department. Staff develop financing opportunities and planning, including reserve policies, and recommend asset management approaches and long-term capital plans. The department provides materials management and procurement advice to other sectors, develops financial policies and procedures and oversees financial management and system training and expertise for departments. It is also responsible for a series of financial reports and regularly liaises with the Municipal Property Assessment Corporation(MPAC) to address assessment issues and analyse new approaches to assessment of properties. |