The Finance Department is responsible for handling all of the financial affairs of the municipality on behalf of and in the manner directed by Council. The Department’s roles and responsibilities include: collecting money that is payable to the municipality and issuing receipts for those payments; depositing all money received on behalf of the municipality in a financial institution that has been designated by the municipality; paying all debts of the municipality and other expenditures that have been authorized by the municipality; maintain accurate records and accounts of the financial affairs of the municipality; provide Council with such information with respect to the financial affairs of the municipality as it requires or requests; and ensures investments of the municipality are made in compliance with the regulations made under section 418 of the Municipal Act.
The Finance Department is comprised of three main branches: Budgets & Accounting, Revenue and Purchasing. The Budgets & Accounting branch is responsible for the coordination and preparation of operating and capital budgets, accounts payable and receivable, payroll services, banking and audit arrangements and the preparation of internal and statutory financial reporting requirements. In addition this branch is also responsible for ensuring that the corporation is in compliance with generally accepted accounting principles (“GAAP”) and more specifically PS 3150 “Accounting for Tangible Capital Assets. The Revenue branch is responsible for the billing and collection of property tax and other revenue, insurance administration, and risk management. The key responsibilities of the Purchasing branch are: managing the corporate procurement function by ensuring that the procurement process continues to be transparent, fair, and accountable, as well as in compliance with the Township’s Purchasing By-law. It assists all corporate departments in acquiring goods and services that are required to deliver their services and programs.
The Department serves ratepayers, the public, prospective employees, vendors and various government ministries and agencies.
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Should you require additional information not provided on this website, please feel free to contact our Department directly.