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The Finance Department oversees the financial planning, monitoring and reporting of District operations. This includes collecting all money paid to the municipality, paying for approved expenditures, managing cash flows, keeping accurate accounting records, providing statutory reports to provincial ministries and advising Council as required.
Each year, the Director works with the department heads and Council budget committees on the annual budget process. When this process is completed, the Finance Director presents varying options to Council regarding property tax rates, utility rates and user fees for the upcoming year. As part of this process, the District also holds an open house to inform residents of the Five Year Financial Plan.
The District also maintains financial transparency through annual audits. Every year, external auditors examine the financial system and annual statements, and report their findings to Council.