2016-2020_Financial_Plan_Web

Finance &Technology

INTERNAL AUDIT Internal Audit is responsible for reviewing business processes, policies and procedures for efficiency, control and compliance. It also investigates internal and external breaches of control, conducts specialized projects, investigates breaches related to the City’s Code of Conduct Bylaw, provides commodity tax services to the City and develops the annual Corporate Audit Plan. RISK MANAGEMENT Risk Management provides service and expertise in risk management, insurance, claims, litigation and loss control. By incorporating effective Risk Management practices, the City is able to identify, manage and reduce the overall cost of risk.

INFORMATION TECHNOLOGY (IT) Information Technology (IT) enables internal and external customers with innovative technology, information, applications, architecture, and business consultation, to maximize effectiveness from the City’s investment in information technology. Business technology services are provided as a catalyst for innovative business process improvements that assist in ensuring the effective and efficient delivery of high quality services by the City’s Departments to the citizens of Surrey and those that do business with the City. IT provides consulting, business technology research, analysis, development, maintenance and the customer service required to deliver business services efficiently and effectively. ECONOMIC  Provided financial analysis and advice on City initiatives and internal audit services to internal and external stakeholders;  Ensured that all financial transactions and reporting met appropriate statutory requirements along with using effective and efficient financial processes and systems to safeguard the City’s assets;  Continued to ensure that all relevant applications and technologies met the compliance requirements of the Payment Card Industry (PCI);  Received the Canadian Award for Financial Reporting for the 2014 Annual Report;  Issued 178 solicitations for various goods and services;

2015 ACCOMPLISHMENTS

 Completed review of the Property tax section to evaluate and ensure that

controls and processes in place provide confidence that all taxes, levies and charges are being

appropriately applied and collected;  Received the Distinguished Budget Presentation Award for the 2015 -2019 Financial Plan;  Received the Popular Annual Financial Reporting Award for the 2014 Annual Report Highlights;  Maintained and sustained IT assets through replacement and upgrade of aging application and technologies;  Commenced a revamp of the Purchasing and Payment Manual;

2016-2020 FINANCIAL PLAN

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