Finance The Finance Department is responsible for the financial administration of the City involving general accounting, payroll, accounts receivable and payable processing, as well as the collection of property taxes and other fees and charges. We oversee the annual budget process, corporate borrowing and investing, purchasing, insurance coverage and claims, and manage reserve and surplus balances. We produce the City’s annual financial statements as well as other legislated financial reports. Our staff support other City Departments by preparing historical financial data analysis, developing projections and forecasts, and assisting with grant applications and reporting. Finance staff support the 311 call system as well as manage a large volume of in-person enquiries at City Hall.
Mission Statement: With a focus on outstanding performance in areas of financial planning, management and reporting, accountability, and customer service, the Finance Department supports Council, individual departments, and residents of the City, by providing sound, strategic financial planning, accurate and timely financial information, and always searching for ways to improve service to our customers.
Page 16
2019 OBJECTIVE Complete budget software roll-out - capital module and integrate with updates.
STRATEGY • The Finance Team held multiple training sessions for all departments and budget users on the Capital Budget Module.
OUTCOME • In 2019 the new budget software was used by all departments to create the 2020-2024 Financial Plan.
CITY OF CRANBROOK 2019 ANNUAL REPORT
