Financial Services

Financial Services provides various departments and Council with day-to-day financial advice on all matters involving the expenditure of funds and/or generation of revenue on a policy and ad-hoc basis. The Department develops and implements long-range plans which meet the capital and operating needs of the community within the guidelines of the City's Official Community Plan.

The Financial Services Department is responsible for:

• advice and guidance to Council and City Management;
• financial planning, budgeting and reporting;
• corporate payroll  and investments;
• property taxes, general accounts receivable, utility billing and cash collections; and
• administration of Development Cost Charges    

Financial Accounting

The Financial Accounting Branch:

• prepares annual financial statements,
• administers the payroll function,
• administers accounts payable, and
• manages the City's debt. 

Financial Planning

The Financial Planning Branch is responsible for:  

• Budget preparation
• reserve projections and administers reserve funding
• 20 Year Servicing Plan, development cost charges, and
• 10-Year Capital Plan.

Revenue

The Revenue Branch is responsible for the administration of:

• Cash collections
• General accounts receivable
• Property taxes
• Utility billing