City of Surrey Financial Plan 2020-2024
FINANCE
Ensured that all financial transactions and reporting met appropriate statutory requirements; Implemented a standardized application intake and assessment process to support the Council Initiatives Fund Utilization Policy; Integrated the City’s capital budget management and reporting with the City’s financial management system; and Implemented a financial dashboard for the Parks, Recreation and Culture Department.
FUTURE INITIATIVES, GOALS & OBJECTIVES
BUILT ENVIRONMENT & NEIGHBOURHOODS
Explore social media opportunities to communicate with residents, resulting in better customer service for our taxpayers.
ECONOMIC PROSPERITY & LIVELIHOODS
Continue to manage the City’s investment portfolio to maximize yield while maintaining safety and liquidity of investments; Review Enterprise Risk Management (ERM) best practices to ensure that the City is proactively managing its portfolio of risks; Continue to critically review budget templates to achieve standardization, consistency and accuracy of budget related information; Support and conduct research for the Mayor’s Innovative Revenue Task
Force with a primary goal of identifying innovative funding sources; and Work with Metro Vancouver's Regional Financial Advisory Committee ("RFAC") to establish a commercial sub-class in the Assessment Act and permit splitting of future development potential from the existing use value.
ECOSYSTEMS
Continue to encourage suppliers to convert from paper cheques to electronic payments.
Award Winning 2019—2023 Financial Plan
157
Made with FlippingBook - professional solution for displaying marketing and sales documents online