When a new Director of Finance is hired who lacks municipal experience, MFC will contact the CAO and offer access to this program. It is the hope that a program like this will assist the new municipal Director of Finance become more accustom to municipal government by speaking with a retired former Director of Finance to help understand the way municipalities function and operate.
Mentors will meet with the new Director of Finance for up to three hours, to a maximum of four meetings.
Topics for discussion will be:
- Fund Accounting
- Council Reports
- Director of Finance Responsibilities
- Budgeting Process
- CAO/Director of Finance Relationship
- Year End Working Papers
- Non-consolidated/Consolidated Financial Statements
The mentor is paid by the Corporation and is offered free to the municipality.