Finance

The Finance department is responsible for the overall financial management of the FVRD. In this role, the Finance department provides financial reporting and controls, upholds the fiduciary responsibility to manage the assets of the regional district, and provides guidance for overall financial stability.

Financial Reporting

The FVRD provides in excess of 100 separate services, each requiring a separate financial plan. Funds cannot be transferred between these services. Funding for these services is mainly derived from grants, user fees/sale of services, surplus monies from previous years and requisitions. The Financial Plan Bylaw, which must be adopted by March 31 of each year, contains plans for a five-year period for each service.

2016 Statement of Financial Information.pdf [PDF - 155 KB]

2016 Consolidated Financial Statements.pdf [PDF - 235 KB]

2015 Statement of Financial Information.pdf [PDF - 425 KB]

2015 Consolidated Financial Statements.pdf [PDF - 185 KB]

2014 Schedules to Financial Information Act [PDF - 178 KB]

2014 Consolidated Financial Statements [PDF - 249 KB]

2014 Remuneration & Expenses [PDF - 38 KB]

Risk Management

The Finance department is also responsible for the safeguarding of the financial and physical assets of the FVRD through various policies, procedures, risk transfer and insurance policies. At present, the FVRD insures property valued in excess of $30,000,000.