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City of Salmon Arm
Box 40
500 2 Ave. NE
Salmon Arm, BC V1E 4N2
Ph: 250.803.4000
Fx: 250.803.4041
Hours: 8:30am - 4:00pm
Financial Services
Division Responsibilities
The Financial Services Division is involved in almost every aspect of municipal activities. Consequently, Financial Services is not only a busy division, but a complex one. Customer service plays a key role, as does strategic planning.

Providing Financial Expertise
The division provides financial expertise, information, guidance and advice on day-to-day operational matters to internal (Council, managers and departments) and external (taxpayers, developers, etc.) customers. The division also develops financial policies and procedures that assist Council and guide staff in shaping the direction of the organization.

Providing Full Disclosure About Financial Affairs
Staff provide accurate and full disclosure about the financial affairs of the city as set out in the Community Charter and Local Government Act. This information includes:
  • Annual financial statements
  • Annual municipal reporting forms
  • Investments
  • Long-term financial plans
  • Operational and capital budgets
  • Public bodies reports
  • Setting of annual property tax and water and sewer rates

Administering Various Legislation
This division is responsible for the administration of various legislation, such as the Provincial Home Owner Grant Act, Tax Deferment Act, School Tax Act, etc. This division is active in the preparation and dissemination of information, providing both technical and financial advice to the organization. Monthly reporting is provided by a team of qualified and educated professionals who participate in related skill advancement sessions on an ongoing basis.

Producing Long-Term Growth Management Strategies
Long-term growth management strategies such as the Long Term Financial Plan, Five-Year Capital Plan and the Long-Term Equipment and Infrastructure Replacement plans are developed and implemented to better plan for our community.

Developing and Implementing Financial Controls
The Financial Services Division develops and implements financial controls that safeguard city assets (such as the collection and expenditure of funds) and prevent fraud and error.

Staff
This division is staffed by four accounting clerks, an accountant and a financial services manager. They are responsible for processing invoices, payroll for approximately 125 full- and part-time staff, calculation and collection of property taxes and utilities, preparation of annual budgets and more.