2025-2029 Surrey Financial Plan

FINANCE

FINANCIAL SYSTEMS Responsible for maintaining, troubleshooting, and optimizing financial systems to support accounting, reporting, and transaction processing. Key duties include user support, system configuration, data integrity monitoring, and resolving integration issues. This section also coordinates with internal departments and vendors for system updates and enhancements. This section is essential in ensuring financial processes run efficiently, comply with organizational policies and industry regulations, and support overall business operations.

applicable legislation and ensures appropriate public and competitive processes are applied to achieve optimum value. It provides professional expertise in the areas of Purchasing, Supply Chain Management and Contract Administration. TREASURY SERVICES Responsible for treasury functions including investments, accounts receivable, banking and electronic payment processing, bank reconciliations, and letters of credit management. This section monitors and forecasts cashflows and invests funds in a prudent manner, providing investment returns and long-term security while meeting daily operational liquidity needs. This section is responsible for the City’s relationship with its financial institution, credit/debit card payment processor and collection agency. • Initiated the process of updating the Purchase and Expenditure Authorization By-law; • Initiated the process of updating the City’s Purchase and Payment Process Manual to align with updates to the Purchase and Expenditure Authorization By-law; • Supported City subsidiaries, Surrey City Development Corporation (“SCDC”) and Surrey Homelessness and Housing Society ("SHHS"), in meeting their strategic organizational objectives and undertaking critical projects to fulfill their mandates; INCLUSION

2024 ACCOMPLISHMENTS

• Undertook updates to Procurement Training Courses for Manager and Supervisor staff training as well as client departments; • The accounts payable, procurement services, payroll and financial reporting sections assisted with streamlining business processes to support the ongoing police transition; and

City of Surrey | 2025—2029 Financial Plan | General Operating Fund | Finance

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