What Is It, Exactly, That Vancouver's Director Of Finance Does Everyday.....Part Deux

AllTheBailoutsThatFit
Lotusland


Part One of the CFO's job description is here.

Part Two, especially as it pertains to the CFO's absence from the Oct 14th meeting in which the $100 million dollar bailout of the developer of Vancouver's Olympic Village was unanimously passed 'in camera', was taken directly from the 'Vancouver Charter'. We found the bits highlighted in RED especially interesting:

Director of Finance

210. There shall be a Director of Finance appointed by the Council who shall have such duties and powers in addition to those provided by this Act as the Council may from time to time prescribe.

Duty to advise Council

211. The Director of Finance may, whenever he thinks fit, and shall, whenever required by the Council so to do, advise the Council on the financial position of the city or any phase thereof and make recommendations with respect to the administration, co-ordination, and efficiency of the city's affairs and the systems under which they are carried on.

To have control —

212. The Director of Finance shall exercise a general control and supervision

Over revenue

(a) over the collection and application of the revenues of the city of every description, and over the lawful expenditure thereof;

Debentures and sinking fund

(b) over the sale, realization, and redemption of debentures of the city, and over the sinking funds of the city;

(c) [Repealed 1985-89-2.]

All financial matters

(d) over all other financial affairs of the city.

How money disbursed

213. No money shall be disbursed by the city except on the warrant of the Director of Finance, to be drawn upon the Treasurer, specifying the fund out of which payment is to be made. Such warrant need not be signed by the Director of Finance if it is initialled by him, or by some person authorized by him for the purpose.

Examination of accounts before warrant issued

214. It shall be the duty of the Director of Finance to cause all accounts and claims against the city to be examined and verified before he draws a warrant for their payment.

Council to authorize disbursements

215. With the exception of small amounts necessary, in the opinion of the Director of Finance, to meet an emergency, he shall not draw his warrant for payment unless such payment has been authorized by the Council.

Provision for advance authorization

216. The Council may, for periods of not more than twelve months at a time, give the authorization referred to in section 215 in advance, but every warrant for a payment so authorized in advance shall be reported in writing by the Director of Finance to the City Clerk, for the information of the Council, within fifteen days after the end of the month in which the warrant is drawn.

Deduction where payee indebted to city

217. In drawing a warrant in favour of any person indebted to the city, or the assignee of such person, the Director of Finance may require the deduction of the amount of such person's indebtedness to the city.

Fund to be adequate

218. No warrant for payment shall be drawn unless there is sufficient money in the fund out of which the payment is to be made to meet the warrant.

Director of Finance to report on revenue and expenditure

219. The Director of Finance shall, as soon as practicable in each year, and in any event by the thirtieth day of April, cause to be prepared and shall submit to the Council a report setting out his estimate in detail of the anticipated revenues and expenditures of the city for that year.

And if anybody from the pro-media in this town ever actually gets to talk to Ms. Lo, we also think the stuff in red would be extremely interesting to ask her about (ie. with respect to whether or not she believes each was executed in full).

OK?

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Please note: I took out the dates of when each provision was passed and/or modified, purely as a space/eye strain saving de-pixelation measure.
Thanks to commenter Bob over at Harvey O's place for pointing us towards the relevent section of the charter.

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