By Gary McKinnnon

Council approves new Financial Leadership Framework

Jun 13, 2017 | 6:19 AM

RED DEER- A new financial framework that will help guide The City in making financial decisions was approved on Monday by City Council.

The framework will enable The City to explore more innovative service delivery options, provide financial information in more accessible and understandable ways and ensure the financial decisions, both big and small, are made with an understanding of the full range of options available.

The framework will be implemented over the next several years.

“The benefit of this framework is two-fold. It will certainly serve us in making sound financial decisions and recommendations to City Council,” said Paul Goranson, Director of Corporate Services. “But it will also result in improved financial reporting and communication with citizens and our community.”

Approval of the framework came on the heels of City Council’s Strategic Direction 2015-2018, which called for The City to explore financial sustainability in a new way.

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“The Financial Leadership Framework is part of Council’s Strategic Plan which identifies financial sustainability as a priority”, said Mayor Tara Veer, “Creating a solid financial base allows us to continue to responsibly invest in our infrastructure, build strong community relationships through our commitment to transparency and accountability, and provide quality of life opportunities for citizens.”

Financial Leadership is one of the three themes identified in City Council’s Strategic Direction 2015-2018.

To learn more about the Strategic Plan visit www.reddeer.ca

(Gary McKinnon – The City of Red Deer)

by Gary McKinnnon

Council approves new Financial Leadership Framework

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