Fourth level
description
Transcript of Fourth level
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–Fourth level
FINANCIAL MANAGEMENT INSTITUTE OF CANADA – ONTARIO CHAPTER
CONTROLLERSHIP February 25, 2009
Presentation by Carl J. Zehr, FCGA
Mayor - City of Kitchener
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CONTROLLERSHIP
Accounting
Processes
Financial controls
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MODERN CONTROLLERSHIP
Controllership has to adapt
A new guiding philosophy
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MODERN CONTROLLERSHIP
From
“Command and Control”
To
A more contemporary approach
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Modern controllership is a key component of organizational culture.
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MODERN CONTROLLERSHIP
Performance
Information
Risk Management
Control systems and ethics
Ethical practices and values
Key elements:
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PERFORMANCE INFORMATION
Taxpayers expect more
Shift resources and spend limited funds
Achieve progress on community’s priorities and objectives
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PERFORMANCE INFORMATION
Municipal Performance Measurement Program (MPMP)
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Progress on priorities:
- Quality of life - Leadership and engagement- Diversity- Dynamic downtown- Development- Environment
But Citizens want to know about . . .
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BEYOND MPMP
130 Key Performance Indicators (KPI)
Kitchener
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Annual Report to Citizens
Annual Status Report
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RISK MANAGEMENT
Hazardous materialsPollutionProlific use and sharing of
electronic data
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RISK MANAGEMENT
Important component of modern controllershipis a critical component of good governance
Enterprise Risk Management Strategy
Am I confident that . . . ?
What if . . . ?
Have I put in place . . . ?
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RISK MANAGEMENT
RISK REGISTER
- maintained by project director or team
CORPORATE RISK REGISTER- maintained by Internal Auditor
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RISK MANAGMENT
Enterprise Risk Management Policy
Risk awareworkplace
Risk smart
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CONTROL SYSTEMS
Aligned with greatest risk
A flexible instrument
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CONTROL SYSTEMS
FraudPhysical resourcesFinancial reportingGoals and objectives Laws and regulations
Internal control over resources
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Everyone in an organization
is responsible for internal control systems and processes.
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ENTERPRISE RESOURCE PLANNING
General ledger
Purchasing
Materials management
Accounts payable
Accounts receivable
Work order management
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DELTA PROJECT
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DELTA PROJECT
Lower costs of operations
Reduction of financial errors
Timely, reliable financial information
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DELTA PROJECT
It’s about people
It’s the right thing to do
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ETHICS, ETHICAL PRACTICES AND VALUES
Keystone of modern controllership
Public trust
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ETHICS, ETHICAL PRACTICES AND VALUES
A way of doing business A way of corporate life
An integral part of everythinga person granted public trust does
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ETHICS, ETHICAL PRACTICES AND VALUES Accountability and
Transparency Committee
Staff Citizens Members of Council
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ETHICS, ETHICAL PRACTICES AND VALUES
Code of Conduct
Members of Council Local Boards Advisory Committees
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ETHICS, ETHICAL PRACTICES AND VALUES
Principles of integrity and honesty
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Developed entirely by staff,
for staff
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PEOPLE PLAN
“This is where we want to work
We are the people of this organization.
Not simply city workers – people. People who are honoured to serve
this community.
We are proud of what we do.
And what we do is every bit as important as how we do it.”
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ELEMENTS OF MODERN CONTROLLERSHIP
Performance informationRisk managementControl systems
Accountability remains critical
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Uphold the public trust
Deliver resultsManage risks Identify objectivesMeasure efforts
Report progress
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We are accountable, not only to today’s
citizens, but also to future generations.
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–Fourth level