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financial services department

 

Financial Services

Provides corporate financial management, accounting services, financial reporting and provides for property tax billing, collection and assessment services under the jurisdiction of various provincial statutes. Also provides water and wastewater financial reporting and services.

Accounting

  • 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.

Taxation and Property Assessment

  • Prepares and issues property tax bills to over 75,000 Residential, Commercial and Industrial property owners under the jurisdiction of the Municipal and Assessment Acts.
  • Provides for property tax collection and maintains the property tax database.
  • Provides for the timely resolution of tax adjustments from the Assessment Review Board and applications under the Municipal Act.
  • Monitors and reviews the City’s property assessment data from the Municipal Property Assessment Corporation (MPAC).

Water and Wastewater

  • Co-ordinates and develops the water and wasterwater annual budget.
  • Establishes and recommends water and wasterwater user rates.
  • Reports financial operating results and water loss information bi-monthly.
  • Liaises with the City’s billing agent, Power Stream, on billing and collection policy and customer issues.

Location:

City Hall
Level 300
2141 Major Mackenzie Drive
Vaughan
L6A 1T1

 

 

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