FINANCIAL
DEPARTMENT
Director Of Finance
Mr W Munkuli
Core Values
Quality
We strive to protect the financial integrity of the Town Council in a changing regulatory and technological environment.
Integrity
The Finance Department commits to conforming to the highest level of ethical standards. The services and decisions we offer will be honest, fair, and impartial.
Leadership
The Department leads by example while encouraging growth and advancement in the organization. The department provides direction through experience and desires to be acknowledged as the "Go-To Organization" for critical decision-making needs.
The Council’s finance department is headed by a Finance Director, who is in turn deputised by a Town Accountants. Below the Town accountant are two Accounting Assistants, (Revenue and Expenditure.
Departmental Mission Statement
In a spirit of excellence, integrity, and dedication, the Finance Department is committed to providing timely, accurate, clear and complete information and support to other city departments, citizens, and the community at large.
Teamwork
Finance aims to make the best decisions collectively and in the best interest of the Town. As a team, we capitalize on the strengths of each member. In this way, we "Advance the Flame" and provide superior support for staff members and residents.
Teamwork
Departmental Goals
We are a team that collects, records, interprets, reports and maintains the council’s financial information while providing quality customer service to our clients.
Our goal is to provide a full range of financial information: from detailed information, such as how to process a transaction, to overview information, such as how to interpret the financial reports.
The departmental goals are summarised as follows:
- Developing and implementing efficient and effective financial policies, plans and reporting systems that assure the Town’s long-term financial health.
- Providing excellent customer service to all our clients.
- Protecting the Town’s financial resources from unauthorized use.
- Effectively using the Town’s financial information technology resources in improving productivity, customer service and access to critical information.
This involves preparing and implementing policies and plans for effectively managing the council’s financial resources and preserving its long-term financial health; advising the Town Secretary, Council, and management staff on financial matters; coordinating the preparation of the Town’s financial plans and budgets; and reviewing Council agenda reports and other policy documents for financial impacts.
This involves developing a department that effectively builds and uses the talents and skills of each team member in achieving the department’s mission, vision and objectives.
This also involves communicating the Town’s mission, vision and goals to all departmental team members and assuring that they guide actions and outcomes; developing departmental and employee work programs and monitoring performance; coordinating activities with other departments; maintaining a positive work environment and achieving a high level of employee morale; and representing department programs before the Council, public, staff and other public agencies.
This involves coordinating financial activities; preparing and administering departmental budgets and financial reports; supervising department personnel; and maintaining financial records.
The accounting function coordinates the preparation of the Town’s budgets, issues financial reports, and administers the disbursement of council funds in accordance with adopted policies and internal control procedures.
The accounting function coordinates the preparation of the Town’s budgets, issues financial reports, and administers the disbursement of council funds in accordance with adopted policies and internal control procedures.
Maintaining the organization’s accounts payable system, processing the Town accounts payable and issuing cheques to vendors; filing special and annual reports required by regulatory agencies; reviewing internal controls and adhering to established payable procedures; maintaining suppliers files; reviewing and auditing selected pay authorizations.
Maintaining the general ledger system and chart of accounts; preparing daily cash deposits and reports; reconciling monthly bank statements; providing accounting services; establishing accounting policies, systems and practices; reviewing selected financial documents for compliance with council policies and procedures; maintaining historical records of the Town’s financial performance.