Financial Services

Accounting Services:

• Prepares annual audited Consolidated Financial Statements and, Schedules and annual Provincial Financial Information Returns including MPMP
• Produces departmental and corporate financial management reports
• Processes and issues payments for the City's operating, capital and statutory liabilities
• Ensures that the City's purchases and expenses are accurately recorded in the automated financial systems and that these expenditures are paid on a timely basis
• Ensures that the City's miscellaneous charges are billed, recorded and collected on a timely basis

Property Tax and Assessment:

• Prepares and issues property tax bills to over 116,000 Residential, Commercial and Industrial property owners under the jurisdiction of the Municipal and Assessment Acts
• Provides for property tax collection and maintains the property assessment and tax database
• Provides for the timely resolution of tax adjustments from the Assessment Review Board and tax appeal applications under the Municipal Act
• Monitors and reviews the City’s property assessment data from the Municipal Property Assessment Corporation (MPAC)

Water, Wastewater and Stormwater:

• Co-ordinates and develops the water, wastewater and stormwater annual budgets
• Establishes the water and wastewater user rates and the stormwater charge
• Reports financial operating results and unmetered / non-revenue water information bi-monthly
• Liaises with the City’s billing agent, Alectra Utilities, on billing and collection policy and customer issues
• Ministry of the Environment regulatory reporting under Ontario’s Water Taking Regulation (O. Reg. 387/04)
• Ministry of the Environment 6 Year Financial Plan Regulation (O. Reg. 453/07)