Municipal Financial Department Basics
By Tim Duhamel, Stephanie Porter
Finance departments are critical for any municipality’s success. This webinar provides significant insights and tips for financial department improvements.
- Finance Department Basics – a top to bottom review of what is required for success
- Finance Department Structure – an overview of optimal department structures, roles, and deliverables with recommendations for improvement is included
- Finance Business Plan – Mission, Goals, and Objectives
- Key deliverables explained
- Annual Finance Cycle – including reporting and budgeting
- Finance Department Relationships
PD Credits: 1.5
Category: Municipal Foundations
Updated: Mar 25, 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
Stephanie Porter is a Chartered Professional Accountant (CPA, CA) and
external auditor with Metrix Group LLP.
She has a passion for education and is a course developer and instructor for the University of Alberta in addition to her work at Bloom.
She is the lead Associate of curriculum development and instruction for Bloom’s reporting and audit stream.
Learn about finance department basics, structure, mission, values, long-term objectives, the finance business plan, key deliverables, and the annual finance cycle, including reporting and budgeting.
Finance department relationships with stakeholders, Council, the public, and other municipal departments will also be covered.
Learn how a well organized and managed finance department is a necessary requirement for the success of any municipality and a top to bottom review of what is required for success
An overview of optimal department structures, roles, and deliverables with recommendations for improvement is included
Learn how to link your finance department business plan to your municipality’s strategic plan in support of overall corporate goals
Key deliverables: reporting, budgeting, treasury, risk management, payables, and receivables, with an overview of each function, their value, and how they interact will be provided
Annual Finance Cycle – tips for planning, communication, effectiveness and efficiency
Improving Finance Department relationships with stakeholders, Council, the public, and other municipal departments