SKG Financial Management Inc.
SKG Financial Management Inc.

SKG Financial Management Inc.

Vendor Biography

Budget and Financial Risk Management

·         10 years as financial planning manager for Parks, Forestry & Recreation Toronto with over 10,000 employees, $0.4 billion annual operating budget, 1,300 user fees, 3,500 cost centres, 16 functional areas, and 6 operating branches.

·         Managed the operating budget process through a decade of expansion with over 80% growth in total funding, over 90% growth in non-property tax funding and complement growth of 30%. The operating budget grew by over $200 million to meet council service level expectations while achieving over $25 million in efficiencies to meet budget targets.

·         Developed and implemented the Financial Accountability Framework adopted by senior management and rolled out system-wide for over 200 management reports. Supported the framework by implementing automated monthly variance reporting and forecasting system and associated processes and training.

·         Developed costing studies and user fee cost recovery models for public and private sector.

·         Developed performance measures and key performance measures to identify emerging issues and achievement of objectives.

·         Managed and advised on the development and implementation on the city-wide Financial Planning & Reporting System (FPARS) which links the program map, performance measures and service levels to budgeting and financial reporting.

·         Corporate governance experience implementing Sarbanes Oxley 404 for CIBC Mellon Trust and Global Securities.

Facilities/Procurement Management

·         Financial manager for over 4,000 hectares of managed parkland in 2,500 parks, and 140,000 square metres of managed space in over 200 recreation facilities.

·         Financial approver for significant contracts and purchase orders.

·         Developed and implemented purchasing funding approval process.

·         Contributed to the Regent Park district energy initiative to use a common heating and cooling services between the school, children’s service centre, pool and community centre.

·         Member of working group to develop the organizational and financial structure for the Toronto Pan Am Sports Centre (TPASC).

Team Building and Leadership

·         Created and developed the Financial Planning unit starting from 1 senior analyst to a complement of 8 staff to deliver financial management services for internal and external stakeholders.

·         Acted as founder, coordinator and advisor for many peer supported project working groups, committees and in-direct reports.

Management of Relationships with Internal and External Partners

·         Managed and responded to budget questioning from media, councillors, residents and committee members.

·         Facilitated and negotiated shared-use agreements with libraries, school boards and Toronto Lands Corporation.

·         Developed asset management indicators and public messaging as steering committee member for Municipal Finance Officers Associations (MFOA).

Policy Review and Governance

·         Developed and implemented a financial accountability framework that outlined the financial management responsibilities for divisional management. The framework and supporting financial system improved forecasting accuracy and reduced annual operating budget variances.

·         Advised on financial impacts from policy changes and service plans and developed long-term financial plans for committee and council approval.