City of Surrey's 2021 - 2025 Financial Plan

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, with a focus 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:

FINANCIAL REPORTING & COMPLIANCE The Financial Reporting & Compliance section is responsible for statutory financial reporting, including the City’s Annual Financial Report and Local Government Data Entry (“LGDE”) forms. It is also responsible for preparing the annual five-year financial plan which establishes financial and programming priorities. In addition, responsibilities include administering the City’s Financial Management System, providing financial system support to all City staff, and managing the City’s Internal Audit and Commodity Tax functions. FINANCIAL SERVICES This section prepares the City’s budgets and various corporate and financial reports, including quarterly reports on the City’s financial performance, for the Senior Management Team and Council to demonstrate public accountability. It also monitors and analyzes expenditure and revenue trends throughout the fiscal year and assists other departments in

Procurement Services, also part of this section, coordinates the procurement of high quality, cost-effective goods and services, while ensuring all relevant policies and bylaws are followed and best practices implemented. They follow applicable legislation and ensure appropriate public and competitive responsible for the billing and collection of property taxes and billing for annual, metered and district energy utility clients. Revenue Services administers property tax deferment programs and home owner grant applications in coordination with the Provincial Property Taxation branch. This section provides services at City Hall, including the main reception and switchboard and is also responsible for collecting fees for dog licenses, false alarms, secondary suite fees, and parking tickets. Revenue Services oversees Accounts Payable and Contract Administration; their responsibilities include prompt supplier payments and providing oversight for the administration of contract payments. processes are applied. REVENUE SERVICES The Revenue Services section is

achieving their financial targets, ensuring the City meets its annual budget.

City of Surrey | 2021—2025 Financial Plan | General Operating Fund | Finance

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