Branch Organization
Mandate
Corporate Accounting - Capital provides all general accounting and reporting as well as accounting, analysis and debt management to support capital programs. Along with the Corporate Accounting - Operating section, this area supports financial data governance and the stewardship role for the City’s financial system.
Services
This section leads legislative financial reporting by facilitating the external audit process and reporting to Audit Committee, City Council and external stakeholders. It coordinates quarterly corporate performance reporting, and provides strategic advice to support related decision-making. This group also oversees financial reporting requirements and changes in internal and external accounting standards.
Mandate
Corporate Accounting - Operating provides all general accounting and reporting with respect to operating programs. Along with the Corporate Accounting - Capital section, this area supports financial data governance and the stewardship role for the City’s financial system.
Services
This section leads legislative financial reporting by facilitating the external audit process and reporting to Audit Committee, City Council and external stakeholders. It coordinates quarterly corporate performance reporting, and provides strategic advice to support related decision-making. This group also oversees financial reporting requirements and changes in internal and external accounting standards.
Mandate
Annual earnings and dividends from City investments flow to the Capital Budget to provide additional revenue and diversify the City’s revenue base. The Investment Management program oversees and administers the City’s investment function while adhering to good governance and industry best practice with guidance from the Investment Committee under the regulations outlined in the Municipal Government Act.
Services
The Investment Management area administers the City investment function through either direct internal fund management or oversight of external fund managers. It follows the corporate Investment Policy and procedures which outline the asset allocation policies, investment principles and guidelines, and risk management controls.
Mandate
The Treasury Management section administers corporate policy and monitors corporate compliance for financial transactions to ensure that the City is accountable in transparent in its management of public funds.
Services
Treasury Management is responsible for the oversight of the City’s cash handling and processing operations, accounts payable and accounts receivable, remittance processing, credit management and collections and bylaw ticket administration. This section manages transaction volumes and addresses any changes to legislative requirements, industry standards or City services.