Risk Analysis:

All City of Windsor Finance policies are subject to periodic review and revision. Failure to periodically update Finance policies would increase likelihood of the Corporation having ineffective or obsolete business practices in place. This would expose the Corporation to increased risk of loss due to fraud or theft. Periodic review and revision of Finance policies effectively mitigates this risk.

Climate Change Risks

Climate Change Mitigation:

N/A.

Climate Change Adaptation:

Financial Matters:

The implementation of the above revised policies will continue to enhance financial controls thereby improving the financial well-being of the Corporation.

Consultations:

Steven Kriemadis – Financial Administrator – Capital Assets

Vincenza Mihalo – Executive Director Human Resources

Marisa Connelly – Employee Service Centre Manager

Deirdre Brode – HR Policy and Procedures Coordinator

Larissa McCorkell – Senior Manager of Administration/Executive Assistant to the CAO

Conclusion:

That the attached amendments to the Finance policies be approved, and that the related procedures and forms be amended accordingly.

Approvals:

Name	Title
Stephen Cipkar	Manager of Financial Accounting
Dan Seguin	Deputy Treasurer – Financial Accounting
Joe Mancina	Chief Financial Officer & City Treasurer
Onorio Colucci	Chief Administrative Officer