COS Financial Plan 2018 - 2022

DEPARTMENTAL OVERVIEW FINANCE

MISSION STATEMENT To provide expert advice, services and innovative solutions in the areas of Finance, Taxation, Risk Management and Audit Services to City departments and citizens, focusing on the City’s values to provide “An Innovative Team Serving the Community with Integrity”. KEY PROGRAMS AND SERVICES The Finance Department provides financial expertise, risk management, internal audit services, advice and guidance to support all City operations. The department provides responsive services and innovative solutions required to streamline City processes, facilitating gains in efficiencies.

The department leads process improvements and maintains as well as sets financial practices, policies and standards. The Department’s core services include:

BUDGET & COMPLIANCE This section prepares the City’s budgets and various financial reports for the Senior Management Team and Council to demonstrate public accountability. The section also monitors and analysis expenditure and revenue trends throughout the fiscal year and assists other departments in achieving their financial targets.

FINANCIAL REPORTING Financial Reporting includes long-term financial planning, accounting and statutory financial reporting; responsible for presenting an annual five-year financial plan which establishes financial and programming priorities. The Financial Reporting section also keeps management and Council informed about the City’s financial performance on a quarterly basis, ensuring the City meets its annual budget and targeted savings. FINANCIAL SERVICES Financial Services includes payroll, long- term capital planning and taxation. Staff calculate, levy, and collect property taxes, water and sewer billing and other payments, to ensure completeness and accuracy. Payroll ensures that all staff are paid correctly on a bi-weekly basis.

Surrey City Hall

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2018-2022 Financial Plan

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