Finance

The Finance Department is responsible for providing financial reporting, policies and procedures, services and support to other municipal departments . The key responsibilities of the department include:

• providing information, reports and analysis to Council and Department General Managers regarding financial operations;
• establishing and maintaining accounting systems and procedures relating to financial activities for municipal operations;
• billing and collecting municipal taxes;
• preparing the operating and capital budgets;
• processing accounts receivable and accounts payable;
• managing cash, investments and borrowing of funds;
• long-term financial planning including debt management;
• managing the annual audit function; and
• preparing the annual financial statements.

The Treasurer oversees the Financial Services Department. The Treasurer is appointed by Council and reports to the Chief Administrative Officer. In accordance with Section 286 of the Municipal Act, 2001, the Treasurer is responsible for handling all of the financial affairs of the municipality on behalf of and in the manner directed by Council.

Financial Statements

Every year the Township's financial statements are audited by an independent auditor and made available to the public.

Budget

Each year the Township General Managers prepare their operational and capital needs and submit them to the Treasurer to develop the Township budget. Council then reviews the budget in draft form and considers the various projects that are proposed, balancing the needs and wants of our vibrant community while considering the fairness of the taxation level.