About Financial Services
Hundreds of millions of dollars in public funds flow through the Corporation of The Regional Municipality of Peel each year.
We oversee essential financial functions, including financial controls, transactions, reporting, cash management, investments, debt management, and long-term financial planning.
Our team ensures Peel Region’s fiscal health through strategic management and responsible stewardship.
Our 9 distinct financial service groups support Peel’s economic growth and sustainability.
Accounting Services serves as the Corporation's shared service centre.
It oversees:
- Accounts Payable - (vendor payments and employee reimbursements).
- Accounts Receivable - (general invoicing excluding water bills).
- General Ledger support.
- Annual external audit and financial reports.
- Management reporting.
Business and Capital Planning is responsible for:
- 3- and 10-year financial plans.
- budgeting (both current and capital).
- financial policy compliance.
- fiscal planning.
- performance analysis.
- reserve management.
Development Financing is responsible for:
- development charges.
- growth management.
- the coordination of the Regional Financial Model supporting the Regional Official Plan.
Enterprise Asset Management is an integral part of Peel’s strategic and long-term planning practices. It’s responsible for:
- Internal reporting supporting the Capital Planning process.
- Public reporting to demonstrate transparency.
- Achieving Council-approved levels of service and meeting regulatory requirements.
Finance Systems Development and Support:
- Leads the sustainability and integrity of all financial systems within the Finance Department, including developing a Finance Technology Plan and maintaining an inventory of systems.
- Provides functional training, support, and planning for system improvements.
- Provides training for PeopleSoft Financials (Purchasing) users after major updates, ensuring clients stay updated and proficient with the latest functionalities.
Financial Planning and Strategic Analysis provides financial and economic analysis and policy development activities at the corporate level and serves as a liaison with external organizations. Activities include economic research, benchmarking and performance measurement, and intergovernmental affairs.
Financial Policy and Taxation is responsible for:
- Peel Region’s property taxation program.
- Peel Region’s tax policies.
- The administration of the Canada Community Building Fund program.
LMIS is responsible for:
- Purchasing insurance for Peel Region.
- Claims and litigation management.
- Loss control surveys.
- Risk assessments.
- The provision of insurance certificates.
Treasury:
- Oversees Peel Region's debt management program including investor relations, investment program, cash management and banking services.
- Provides risk management and strategic advice across the various programs to support long-term fiscal sustainability and financial flexibility.