Financial Policy Development 101
By Tim Duhamel
Learn the basics of policy development and how to create effective policies that make a difference!
- Policy Defined
- Best Practices for Policy Development
- Policy Wheel
- The “Must Have” Financial Policies
- Clear and Concise Policies – tips for writing financial policies that hit the mark!
- Policy engagement and communication
- Corporate Policy Management
- Policy and Change Management
- Policy as a Project
- Three Key Financial Policies Reviewed – templates provided
- Strategy, Goals and Policy – reach organizational goals through effective policy
- Effective Communication of Financial Policy to Council and the Public
PD Credits: 1.5
Updated: Aug 20, 2020
About the Author
Tim Duhamel is the founder and President of Bloom Centre of
He is a municipal veteran whose career has spanned over 21 years.
His passion is creating educational material and conducting lectures for municipal professionals. He has lectured as far away as Kiev, Ukraine for the Federation of Canadian Municipalities.
About the Author
Hugh Bell is an associate of Bloom CME providing educational workshops
and consulting services.
In his 13 years as a Treasury and Risk Manager with Strathcona County, he developed several treasury policies including investment, debt, reserves, and risk management.
He is a past member of GFOA, recent graduate of the McGill executive mini MBA program, and has a CIM designation.
October 16, 2019
Learn about policy and best practices for policy development. Use the Policy Wheel to develop, deliver and assess your policy effectiveness. Learn the “Must Have” financial policies, clear and concise policies, policy engagement and communication, corporate policy management, and policy and change management.
Also covered: policy as a project – plan for policy development success, the three key financial policies reviewed, how to reach organizational goals through effective policy, and effective communication of financial policy to Council and the public.
Learn the basic meaning of policies and how they can shape positive outcomes
Best practice components for policy development and how to use them to guide quality creation
How to use the “policy wheel” to develop, deliver and assess your policy effectiveness
The must have financial policies for municipalities in the order of importance
How to write clear and concise financial policies – less can be more is essential
How to Involve stakeholders in the development of policy and communicate policy in an engaging way to improve organizational “buy in”
Learn the 5 key steps to managing policy in an effective way
Strategies and tips to bring ease to the change process and to communicate policy effectively
How to develop a project plan to tackle policy development – who, what, how, when
Three key financial policies reviewed – 1) Debt Management 2) Reserves 3) Year End Surplus
Learn effective policy that guides and enables
How-to’s of engaging policy communication