COS Financial Plan 2018 - 2022

FINANCE

EDUCATION & CULTURE

 Continued training key staff on the financial system offering various sessions throughout the year, focusing on different areas of the system;  Updated the Integrated Risk

 Provided corporate training sessions on best practices related to purchasing cards (P-Cards) documentation process; and  Updated the City’s P-Card policy to provide clarity on usage of cards by City staff.

Management Framework and Risk Management Policy linking the risk management strategy to corporate goals;

HEALTH & WELLNESS

 Provided financial analysis and advice on City initiatives.

INFRASTRUCTURE

Source: City of Surrey 2017 Report to Citizens

 Launched a revised and revamped Purchasing and Payment Manual;  Completed a review of the Contract Module in our Financial System to facilitate improved efficiencies and reporting; and CORPORATE SUSTAINABILITY  Received the Canadian Award for Financial Reporting for the 2016 Annual Report;  Received the Distinguished Budget Presentation Award for the 2017-2021 Financial Plan;  Received the Popular Annual Financial Reporting Award for the 2016 Annual Report Highlights;  Continued to develop the Financial

 Ensured that all financial transactions and reporting met appropriate statutory requirements.

 Continued to manage and improve our total cost of risk;  Improved risk identification and treatment options and processes;  Simplified, clarified and streamlined the procurement process at the City of Surrey; and  Completed evaluation to ensure that all controls and processes in place are appropriately calculating and applying taxes, levies and charges correctly.

System, upgrading the processes, adding increased functionality and continuing with overall process efficiencies;

the future lives here.

2018-2022 Financial Plan

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