COS Financial Plan 2018 - 2022

FINANCE

EDUCATION & CULTURE

 Maintain sound purchasing practices and continue training on the Purchasing and Process Manual;  Develop an analysis tool that measures “triple bottom line” accountability;  Continue to manage debt;  Implement Data Driven Decision Making (D3M) Program which will include assessing and implementing enhanced reporting, dash boarding and analytical abilities to assist business areas in meeting City objectives;  Improve accuracy and consistency of departmental information;  Promote education to the public regarding water meters;  Ensure staff cross training is in place for critical roles in business units;  Develop video based training material that is repeatable; CORPORATE SUSTAINABILITY  Maximize return on investment portfolio while adhering to all governing policies and legislation;  Prepare and publish financial INFRASTRUCTURE statements garnering an unqualified audit opinion and address all audit findings;  Conduct special audits as directed by the Senior Management Team, Audit Committee and City Manager;  Provide expert internal audit services to other municipalities;

 Review select financial streams to assess controls and provide recommendations for improvement;  Perform annual review of current policies;  Continue with releasing the Annual Corporate Audit Plan;  Ensure sufficient reserves for equipment replacement costs; and  Provide continuous departmental Procurement Awareness Training.  Facilitate staff professional development and training;  Continue to provide training and support to City staff on finance related policies and procedures; and  Attend department managers’ meetings in various departments to discuss any finance or internal audit related matter.  Take proactive measures to ensure City systems have accurate and complete financial information; and  Assess and implement enhanced reporting, dash boarding and analytical abilities to enable modernized data driven decision capabilities to assist business areas in meeting City objectives.

the future lives here.

2018-2022 Financial Plan

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