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