Program Description
Responsible for the administration of the Financial Services and Revenue Divisions. Fulfills the responsibilities of the Treasurer under the Municipal Act and serves as Chief Financial Officer of the Corporation. The Commissioner of Corporate & Financial Services is also responsible for property acquisition, disposal and lease negotiation for all real estate. Provides strategic and operational advice to Council and management that recognizes Town plans and priorities, in a manner consistent with responsible management of available resources.
Financial Services
Program Description
Includes the Director Financial Services, Financial Planning, Accounting, and Development Services areas.
Director Financial Services: - (905) 771-8800, ext. 3656
Directs the Financial Services Division towards the overall achievement of Town objectives. Provides Council and Senior Management with advice on financial, economic and budgetary issues. Appointed as the Deputy Treasurer for the Town.
Financial Planning & Accounting: - (905) 771-8800
Manages the current, comprehensive and multi-year capital and operating budgetary and financial planning systems of the Town including the supervision of variance reporting. Analyzes and reports on the impact of active, past, present and future borrowing initiatives.
Accounting: - (905) 771-8800
Provides accounting services and control of Town funds through the development and implementation of appropriate policies, procedures and controls, and the design, implementation and maintenance of financial management information systems. To provide accounting disbursement and payroll functions as well as the preparation of financial statements and all associated financial reports required by the Province, in accordance with Council's direction.
Development Services: - (905) 771-2487
Provides the management/ coordination/ overseeing of financial requirements (development charges, letters of credit, various applications fees and charges) with respect to all development applications submitted to the Town for processing (includes site plan, subdivision agreements and land severance applications).
Administration of all letters of credit, security deposits, refunds and cost recovery issues relating to development applications.
Revenue
Program Description
Includes the Revenue Division, the Supplies and Services Division, and the Risk Management and Insurance Division.
Director of Revenue: - (905) 771-2538
The Revenue Division identifies alternative sources of revenue for the Town. It establishes the Town's taxation, water and revenue policies and administers legislative and Council policy guidelines with respect to revenue and collection. The Branch's primary activity is administration of revenue collection to ensure that revenues are collected in a timely, secure and cost effective manner. The division is also responsible for risk and insurance activities for the Town.
Supplies and Services Division: - (905) 771-2491
Acts as Agent of the Town in the timely, effective and economical acquisition of duly authorized goods and services required by the Town's client departments. Responsible for the disposal of obsolete goods as designated by client department personnel. Acts as facilitator of the Town's client departments in the preparation and issuance of tenders/quotations/proposals.
Reserve Funds
Often when reading about the Town's annual budget or the financial statements, the term "reserve" is used. Creating reserves or Reserve Funds are important part of the Town's long range financially planning strategy. Reserves are accounts set up with the approval of Council for specific purposes like repair and replacement of Town-owned assets (i.e. Trucks equipment) and infrastructure (i.e. roads, building repairs). They are used to offset impacts and stabilize operating and capital budgets, cushioning the impact of major expenditures like road construction projects. If you would like more information on reserves or specific reserve funds, contact the Director of Financial Services, Finance Department at (905) 771-8800.
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