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Finance and
Administration Committee provides the strategic direction and acts
as an advisory body to Regional Council. The Region has an annual
budget of over $1.4 billion and over 3,000 employees
With 34,500
new residents annually, the Finance and Administration Committee
ensures that Council’s growth-pays-for-growth policy is adhered
to and ensures that growth is not a tax burden on the existing taxpayers
or future residents.
Goal:
Provide effective fiscal management, administration and planning
of resources.
Achievements:
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One
of the lowest cost of administration in all of Ontario (MPMP
results). |
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Maximize
investment returns, to provide additional revenues at a low
risk. |
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Investment
returns exceeded portfolio benchmark by over 50 basis points
in 2003, the 5th year in a row results have exceeded the benchmark. |
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Development
Charges collection dollars up 36% over 2002 to approximately
$150 million. |
Goal:
Lead the search for program efficiencies and continuous improvement
opportunities.
Achievements:
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Efficiencies
and program reductions reduced $9.2 million through the 2004
budget development process. |
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Incorporated
a balanced approach to evaluating program delivery by developing
performance measures for service levels, efficiency, customer
service, and community outcomes, for all direct service business
units. |
Goal:
Deliver sustainable financial policies to support corporate strategic
initiatives and the Region’s Vision 2026.
Achievements:
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Council
adopted an updated Development Charges By-law to enhance the
Region’s ability to meet future infrastructure challenges.
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Qualified
for and awarded $100 million in low-interest loans from through
the Ontario Municipal Economic Infrastructure Financing Authority
(OMEIFA), to aid the financing of major rapid transit, water
and sewer projects. |
Goal:
Provide continued funding to partners to enhance the region’s
environment and human services.
Achievements:
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Provided
$3.8 million in 2003 to the Conservation authorities for water
improvements, land conservation, and education. |
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Contributed
$7.3 million in 2003 new construction at local area hospitals
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Goal: Contribute to the Region’s strategic
visions and initiatives.
Achievements:
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Partnered
with local municipalities to deliver management training. The
Region generated $100,000 in revenue and the local municipalities
were able to attend training that might not be feasible or affordable
to them. |
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Conducted
an employee satisfaction survey to focus on areas which are
important to employees and enable the Region to attract and
retain employees and enhance service to our customers. |
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Decreased
the average time for a case to get to trial from 10 months in
2001 to 6 months in 2003 through the First Attendance Program.
This improvement in case scheduling has dramatically reduced
the possibility of charges being withdrawn for lack of court
time. |
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