Here's some information about the City of Coquitlam's Finance Department, formatted in HTML and tailored for a concise presentation: ```html

City of Coquitlam Finance Department

The City of Coquitlam's Finance Department plays a vital role in ensuring the financial health and stability of the municipality. It is responsible for managing the city's financial resources, providing strategic financial advice, and ensuring compliance with all relevant regulations and accounting standards.

Key Responsibilities

• Financial Planning and Budgeting: The department leads the development and implementation of the city's annual budget, aligning resource allocation with strategic priorities and long-term financial sustainability. This includes forecasting revenues, managing expenditures, and monitoring performance against budget targets.
• Financial Reporting: Accurate and transparent financial reporting is a core function. The department prepares and publishes annual financial statements in accordance with Canadian Public Sector Accounting Standards (PSAS), providing stakeholders with a clear understanding of the city's financial position and performance.
• Treasury Management: Effective treasury management is crucial for maximizing investment returns while minimizing financial risk. The department manages the city's cash flow, investments, and debt, ensuring prudent financial stewardship.
• Taxation and Revenue Collection: The Finance Department is responsible for the collection of property taxes, business licenses, and other revenues. They strive to provide efficient and customer-friendly services to taxpayers.
• Procurement and Accounts Payable: The department oversees the procurement process, ensuring fair and competitive bidding for goods and services. It also manages accounts payable, processing invoices and making payments to vendors in a timely manner.
• Risk Management: Identifying and mitigating financial risks is a key priority. The department develops and implements risk management strategies to protect the city's assets and financial resources.

Strategic Focus

The Finance Department is committed to providing excellent service to both internal and external stakeholders. This includes:

• Financial Sustainability: Maintaining a strong financial position to ensure the city can continue to provide high-quality services to its residents.
• Transparency and Accountability: Providing clear and accessible information about the city's finances to the public.
• Innovation and Efficiency: Continuously seeking opportunities to improve processes and enhance efficiency.
• Strong Internal Controls: Maintaining robust internal controls to safeguard the city's assets and prevent fraud.

Contact Information

For inquiries regarding the City of Coquitlam's finances, please visit the city's website or contact the Finance Department directly.

```