City of Surrey's 2022-2026 Financial Plan

FINANCE

business. It provides service and expertise in the areas of risk

PROCUREMENT SERVICES & CONTRACT MANAGEMENT Coordinates the procurement of high quality, cost-effective goods and services, while ensuring all City polices are followed and best practices implemented. This section follows applicable legislation and ensures appropriate public and competitive processes are applied to achieve best value. It provides professional expertise in the areas of Purchasing, Supply Chain Management and Contract Administration. RISK MANAGEMENT SERVICES Provides consulting services to City departments on how to identify, plan for, and manage risks in their daily

identification and treatment, insurance, claims, litigation, and loss control. By incorporating effective Risk Management practices, the City is able to identify, manage and reduce the overall cost of risk. TREASURY OPERATIONS Monitors cash flow and invests funds in a prudent manner, providing investment return and long-term security while meeting daily cash flow needs. This section is responsible for the City’s relationship with its financial institution and credit/debit card payment processor.

2021 ACCOMPLISHMENTS

INCLUSION

• Continued to provide remote payment options to reduce traffic flow to City Hall during the pandemic; and • Introduced a process of demand planning for procurement services by collaborating with business leads to forecast goods and services that they expect to procure.

ENVIRONMENT & NEIGHBOURHOODS

• Utilized social media opportunities to communicate with residents, resulting in better customer service for our taxpayers.

PUBLIC SAFETY

• Reviewed Enterprise Risk Management (“ERM”) best practices to explore opportunities to improve how the City is proactively managing its portfolio of risks; and

City of Surrey | 2022—2026 Financial Plan | General Operating Fund | Finance

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