Finance

The Finance Department provides accounting services, financial analysis and advice to Town Council and Town Departments.

This includes guiding the short and long term financial strategies of the Corporation, developing budgets, levying and collecting taxes, purchasing, insurance/risk management, accounting and managing the financial assets of the Corporation.

The Finance Department is comprised of four sections:

Administration

• provides administrative support to all sections of Finance
• management of the Town's insurance portfolio    

Budgets & Accounting Services

• coordination of the annual Operating and Capital budgets, Long Range Capital Forecast and  Four Year General Levy Forecast          
• cash management for the Town, including investments and debt payments
• preparation of all mandated financial reporting and municipal performance measurements
• accounts payable, accounts receivable, general accounting and payroll

Tax Billing & Collection

• issue interim, final and supplementary tax bills
• process tax payments including the Pre-Authorized Payment Plan
• collect taxes for the Town, Region of Durham and Province of Ontario (for education)
• administer Business Vacancy and Charitable Rebate programs
• maintain tax roll information, including ownership changes

Purchasing

• encourage competition among suppliers in order to maximize savings for taxpayers
• provide service and product delivery, quality, efficiency and effectiveness
• ensure fairness among bidders
• establish openness, accountability and transparency, while protecting the financial and operational best interests of the Town
• have regard for the accessibility for persons with disabilities to the Goods/Services and Construction purchased by the Town