About Us

Financial Services is committed to providing the leadership, advice and support to meet the college’s financial needs.

Some of our activities include:

Accounts Payable

• Process all invoices for goods and services acquired by the college
• Reimburse staff for travel and other expense claims
• Reconcile vendor statements
• Administer Visa Purchasing Card and Diner’s MasterCard program; including new card issue, limit increases, and transaction monitoring

Accounts Receivable

• Analyze and adjust students’ accounts
• Issue trade invoices
• Balance and record revenue
• Manage collections for all College operations.

Finance

• Analyze financial information and issue month end and year end financial statements and reports
• Maintain and reconcile the general ledger
• Monitor and maintain appropriate cash flow
• Maintain records on scholarship, bursary and endowment funds

Budget and Planning

• Manage the budget and projection (mid-year budget revision) processes
• Prepare reports for the Council on Post Secondary Education
• Apply program costing model to provide useful and reliable information to users

Financial Accounting and Business Solutions (FABS)

Financial Accounting and Business Solutions (FABS) contains two areas:  Financial Reporting and Project Administration.

Financial Reporting maintains the College’s General Ledger to ensure financial transactions are recorded properly and that Generally Accepted Accounting Principles are followed. Provide College Board of Governors and Managers with accurate, timely monthly financial statements and prepare the year end published statements. Assist Managers with variance explanations and provide accounting related advice as required.

Project Administration is a function of Financial Accounting and Business Solutions (Controller’s Office) to assist College Managers to ensure that College best practices are followed and College objectives are achieved.

Our services include; providing advice and support, coordinating due diligence activities with Corporate Legal and Insurance Services, ensuring a standardized/consistent approach to project costing and agreements across departments.