The Finance Department is responsible for:
- Financial planning and control with a focus on long-term strategic outlook for the Municipality delivered through six main areas of accountability
- Treasury portfolio management of all investments, cash assets, banking relationships and debt management
- Risk management - all insurance purchases, claims management and risk control
- Financial policy and strategic analysis - research and development including tax policy, economic analysis and performance benchmarking
- Financial management system coordination - systems development and maintenance
- Financial planning and budgets - providing financial planning, monitoring and reporting for the Municipality
Financial services include accounts payable, accounts receivable, taxes, payroll, procurement and general ledger.
Financial Condition Index
The Financial Condition Index helps municipal councils and Nova Scotians make sense of municipal financial information by providing a variety of sources of information in a single document. The index is organized into three financial dimensions that focus on where municipalities get their revenue, how they spend their money, and how they manage their finances. The index was developed jointly by the Province of Nova Scotia, the Union of Nova Scotia Municipalities, and the Association of Municipal Administrators. Thresholds are based on jurisdictional scans, literature reviews, and municipal consultations.
To see how the Town of Pictou measures up, please visit the Department of Municipal Affairs (2020).