COS Financial Plan 2018 - 2022
FINANCE
FUTURE INITIATIVES, GOALS & OBJECTIVES
BUILT ENVIRONMENT & NEIGHBOURHOODS
Continue to explore online payment capabilities to allow residents to pay for regular billings; and
Encourage vendors to submit invoices and make bid submissions via email in order to minimize paper usage.
ECONOMIC PROSPERITY & LIVELIHOODS
Implement Online Payments for Accounts Receivable invoices; Prepare and post a Request for Proposal (RFP) for Banking Services; Perform research and stakeholder engagement to prepare for a credit and debit card payment processing Request for Proposal; Continue to promote auto debit as a payment method for metered utility clients and explore other electronic payment options; Continue to reduce departmental energy consumption and waste; Continue to promote financial E- Services such as e-billing, invoice submission and electronic fund transfers; Encourage staff to make a sustainable process improvement each year; Implement a paperless claim system; Implement an electronic content management system; Streamline and eliminate manual forms; ECOSYSTEMS
Maximize return on investment portfolio while adhering to all governing policies and legislation; Broaden operating revenue sources to provide for growth–related needs; and Assist other departments in obtaining government grants.
Continue to reduce the number of hardcopies printed for various financial documents, including the Annual Financial Plan and Financial Statements; Include an appropriate sustainability criteria into our solicitations to facilitate and promote corporate sustainability with our external stakeholders; Continue to educate staff about environmental issues; and Continue to encourage vendors to submit invoices and make bid submissions electronically in order to minimize paper usage.
the future lives here.
2018-2022 Financial Plan
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