Title
Q2 2020 Corporate and Financial Update
Proposed Motion
That the Corporate and Financial Update be received for information, as presented.
Body
Administration Recommendation
Administration supports the proposed motion.
Purpose
A corporate and financial update is being provided to Committee of the Whole, reflective of financial status, projects, activities, and key performance indicators.
Summary
A balanced scorecard was developed and presented to Council in 2017 and is being reviewed and updated. This scorecard outlines key performance indicators (KPIs) that are tracked throughout the organization. Many of these KPIs are currently being tracked, while others are in development or refinement. A number of KPIs that are currently being tracked have been reported in the Tactical Plan updates.
Tactical Plans have been developed in alignment with Council’s Long-Term Strategic Plan and are updated on a quarterly basis. These plans include highlights of programs, services, and other activities carried out by each department, and are intended to provide Council with information to understand key achievements and progress.
Financial Statements have also been prepared in order to update and report to Committee of the Whole on Parkland County's financial status.
Strategic Plan/Policy/Legal/Staff Implications:
This supports all areas of the Strategic Plan.
Financial Impact:
Cost: N/A
Source of Funding: N/A