Responsibilities

• Develops financial and accounting policies and procedures, maintains the books of the Province, administers applicable legislation and policy to ensure adequate controls and processing for all revenues, expenditures, assets and liabilities, and prepares the provincial financial statements and related financial reports.
• Manages banking and debit and credit card services for Government and provides transactional processing services for accounts payable and accounts receivable, as well as financial reporting and analysis of government-wide revenues and expenditures.

Expenditure and Revenue Control Section

Provide policy direction, accounting and security services over all forms of Government payments, accounts payable records, arrears processing, third party assignments and cheque replacements.

Public Accounts and Banking Services Section

Maintain the books of account, prepare the Public Accounts of the Province, conduct financial analysis of actual results and record and report tangible capital asset information; monitor, manage and coordinate Government – wide banking products and services; perform trust and special purpose accounting; provide policy guidance to ensure adherence to required accounting and reporting standards, the Financial Administration Act and other legislation.

Corporate Financial Reporting Section

Provides financial reporting and analysis of government-wide revenues and expenditures. This includes the creation and maintenance of transactional, balancing and statistical reports on financial transactions processed via Government’s Financial Management System. The Section also manages Government’s financial statement consolidation application which facilitates the preparation of the Public Accounts and other related financial reporting.

Accounts Payable And Receivable Processing Section

Provide transactional processing services for accounts payable and receivable. This includes data entry of invoices and debit and credit notes, monitoring of invoice processing timelines and invoice payment certifications, resolution of invoice exceptions, and issuance of accounts receivable invoices and statements to customers. Provide direction as to the manner in which invoices should be presented, guidance on the documentation required for processing, and general advice relating to accounts payable and receivable.

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