The Finance Department administers the public financial resources of the District. The primary function of the department is to provide financial management information to Council, staff, and the public. In addition, the Department is responsible for revenue collection, treasury and cash management, processing accounts payable and payroll, administration of the Elk Valley Property Tax Sharing Agreement, risk management, administration of the annual tax sale and statutory financial reporting to various provincial and federal bodies.
According to the Community Charter, the District is required to adopt a Five Year Financial Plan annually. Sparwood uses twenty year planning for its capital and reserve funds as a basis for the Five Year Plan. This long-term approach to financial planning allows Council and the community to consider the impact that current decisions will have on future financial matters. The Plan is updated each spring, prior to setting the tax rates, to reflect any changes that have occurred since the last Plan was adopted.
The Finance Department controls and supervises the municipality's financial affairs. This includes the billing and collection of taxes and utility charges, as well as all other monies paid to the municipality, and the implementation and maintenance of the appropriate financial systems and safeguards to manage expenditures, payroll and benefit administration. In addition, the department plays the lead role in developing and articulating the long term financial plan and related initiatives. The department also provides a stewardship role with respect to municipal assets, performs treasury functions, and reports on a wide array of financial matters to ensure accountability and clarity in all municipal business.
A considerable amount of resources are invested annually in the preparation, delivery and filing of the Five Year Financial Plan, audited financial statements and statutory reports. In its capacity as the custodian of financial systems the Finance Department provides internal support for all departments and financial advice and guidance to Council. The department also participates in developing and supporting corporate initiatives such as strategic planning, human resources, risk management and information systems.
Oversees the contract for providing technology services, advice, solutions and guidance to support District operations and provide appropriate technology, information, and applications to deliver business services efficiently and effectively.
Responsible for assisting the District in meeting its stated objectives by reviewing business processes, policies and procedures for efficiency, controls and compliance. Investigates internal and external breaches of control.
More Finance Links...
General Email: firstname.lastname@example.org
Director of Finance
Deputy Director of Finance
Rowena Godfrey: email@example.com
Valerie Lento: firstname.lastname@example.org
Accounts Payable Clerk
Tammy Stratton: email@example.com