2026 - 2030 Surrey Financial Plan

FINANCE

TREASURY SERVICES Responsible for treasury functions including investments, accounts receivable, banking and electronic

financial processes run efficiently, comply with organizational policies and industry regulations, and support overall business operations. PROCUREMENTS & PAYABLES Coordinates the procurement of high quality, cost-effective goods and services, while ensuring all City policies are followed and best practices implemented. This section follows 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. Accounts Payable (A/P) processes invoices and issues payments to suppliers for goods and services purchased by the City. A/P works with Procurement Services to ensure contracts/purchase orders are in place to coordinate procurement and payment processing. A/P also processes Employee Expense reimbursement claims and administers the data entry of City Purchase Card (P-Card) transactions.

payment processing, bank reconciliations, and sureties

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. 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. Financial Systems is essential in ensuring

2025 ACCOMPLISHMENTS

INCLUSION

• 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; • Worked with Surrey Police Service to implement a process for the ongoing consolidation of financial information between the entities; • Undertook updates to Procurement Training Courses for Manager and Supervisor staff training as well as client departments;

City of Surrey | 2026—2030 Financial Plan | General Operating Fund | Finance

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