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The Finance and Administration Committee provides strategic
direction
and acts as an advisory body to Regional Council
ensuring efficient
and effective management of the Region’s
finances. The Committee
oversees financial management,
procurement, human resources, information
technology,
physical resources, legal, records management and court
administration services.
The Finance and Administration Committee presented Regional
Council
with the 2006 Business Plan and Budget that was
approved in December
2005, the earliest budget approval in
York Region history.
fiscal management
Goal: Provide effective fiscal management, administration and planning of York Region’s resources and deliver sustainable financial policies to support corporate strategic initiatives
Achievements:
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Maximized investment returns to provide additional revenues at low risk |
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Investment returns exceeded portfolio benchmark by over 50 basis points, reflecting consistently strong
investment management |
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Development Charge collections of $114.3 million |
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Among the lowest administration costs for Ontario municipalities |
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Maintained AAA credit rating by both Moody’s Investors Service and Standard & Poors |
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Approved the development of a Long Range Fiscal Planning Strategy with the objective of maintaining a superior credit rating and to ensure that the repair and replacement of assets is adequately provided for |
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Worked with the Province to achieve enabling legislation for infrastructure funding under the Tax Increment Financing Act, 2006 |
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Played a key role in the Ontario Municipal Benchmarking Initiative (OMBI) Capital Asset pilot project, which resulted in the publication of a draft Municipal Guide to Accounting for Tangible Capital Assets |
program efficiencies
Goal: Lead the search for program efficiencies and continuous improvement opportunities
Achievements:
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Identified program reductions and efficiencies of $7.5 million in the 2006 budget development process |
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Incorporated a balanced approach to evaluating program delivery by utilizing key performance indicators (KPIs) for service levels, efficiency, customer service and program outcomes |
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Integrated an in-house collections team within Court Services to realize outstanding fines; $500,000 collected within first six months of implementation |
specialized programs
Goal: Provide continued funding to partners to enhance York Region’s environment and human services
Achievements:
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Provided $3.7 million to conservation authorities for water initiatives, land conservation and education |
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Contributed $7.3 million for capital redevelopment projects at local area hospitals |
technology resources
Goal: Effective management of finance and administration activities with an emphasis on innovative and cost-effective continuous improvement initiatives
Achievements:
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Implemented a converged-network services contract to consolidate various telephone and data networks and to upgrade technical capabilities |
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1,700 York Regional staff transitioned to the new local area network services |
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Installation of new voicemail equipment to support 2,000 employees |
greater performance
Goal: Contribute to York Region’s strategic visions and initiatives
Achievements:
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York Region named as one of the Top 100 employers in Canada and one of the Top 50 employers in the GTA based on York Region’s employee programs, positioning York Region to attract and retain high quality employees |
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Developed a Sustainable Building Policy resulting in all new Regional buildings over 500 sq. metres receiving Leadership in Energy and Environmental Design (LEED) Silver Certification |
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Developed a Sustainable Building Policy resulting in all new Regional buildings over 500 sq. metres receiving Leadership in Energy and Environmental Design (LEED) Silver Certification
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1,700 Regional staff transitioned to new local area network services |
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