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About the Branch

The Financial Services Branch provides leadership to ensure that the organization is financially sound, accountable and transparent in managing public funds. This is accomplished through sound fiscal policy, development of financial strategies and recommendations to address challenges and to take advantage of opportunities to effectively fund services, programs and infrastructure. The program manages operating and capital financial transactions, treasury, investment, and corporate accounting and reporting functions.

Branch Organization

Corporate Accounting - Capital

Mandate

Corporate Accounting - Capital provides all general accounting and reporting as well as accounting, analysis and debt management to support capital programs. Along with the Corporate Accounting - Operating section, this area supports financial data governance and the stewardship role for the City’s financial system.

Services

This section leads legislative financial reporting by facilitating the external audit process and reporting to Audit Committee, City Council and external stakeholders. It coordinates quarterly corporate performance reporting, and provides strategic advice to support related decision-making. This group also oversees financial reporting requirements and changes in internal and external accounting standards.

Corporate Accounting - Operating

Mandate

Corporate Accounting - Operating provides all general accounting and reporting with respect to operating programs. Along with the Corporate Accounting - Capital section, this area supports financial data governance and the stewardship role for the City’s financial system.

Services

This section leads legislative financial reporting by facilitating the external audit process and reporting to Audit Committee, City Council and external stakeholders. It coordinates quarterly corporate performance reporting, and provides strategic advice to support related decision-making. This group also oversees financial reporting requirements and changes in internal and external accounting standards.

Investment Management

Mandate

Annual earnings and dividends from City investments flow to the Capital Budget to provide additional revenue and diversify the City’s revenue base. The Investment Management program oversees and administers the City’s investment function while adhering to good governance and industry best practice with guidance from the Investment Committee under the regulations outlined in the Municipal Government Act.

Services

The Investment Management area administers the City investment function through either direct internal fund management or oversight of external fund managers. It follows the corporate Investment Policy and procedures which outline the asset allocation policies, investment principles and guidelines, and risk management controls.

Treasury Management

Mandate

The Treasury Management section administers corporate policy and monitors corporate compliance for financial transactions to ensure that the City is accountable in transparent in its management of public funds.

Services

Treasury Management is responsible for the oversight of the City’s cash handling and processing operations, accounts payable and accounts receivable, remittance processing, credit management and collections and bylaw ticket administration. This section manages transaction volumes and addresses any changes to legislative requirements, industry standards or City services.

For More Information

Financial Services

5th Floor, Chancery Hall
3 Sir Winston Churchill Square
Edmonton, AB
T5J 2C3

Telephone

In Edmonton: 311
Outside Edmonton: 780-442-5311

Fax 780-420-4884
Email 311@edmonton.ca

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