Financial Policies
Financial Policies provide guidelines for financial decision-making and are central to a strategic, long-term approach to financial management.
The Region of Durham has adopted financial policies to guide our financial management practices, clarify strategic intent, promote long-term thinking, manage risks and set decision-making boundaries.
Listed below are the Region’s primary financial policies:
- Budget Management Policy
- Purchasing By-Law
- Statement of Investment Policy
- Letter of Credit Acceptance Policy
- Surety Bond Acceptance Policy
Long-Term Financial Planning Framework
The Region of Durham has adopted a new Long-Term Financial Planning Framework that provides an integrated and coordinated focus on funding Regional Council’s new priorities, accommodating growth, and investing in infrastructure and service levels, with stable taxes and user rates. The plan brings together our financial planning process and financial policies, which are guided by three core principles of financial flexibility, sustainability, and affordability. A detailed reserve fund policy was also established through Report #2019-F-33. For further information, please contact the Commissioner of Finance using the email link or contact information below.
Durham Region Community Investment Grant Policy
Local healthcare and post-secondary education institutions may be eligible for financial assistance toward capital infrastructure projects under the Durham Region Community Investment Grant Policy, as approved by Council through Report #2019-F-34. Eligible projects could receive funding of up to 7.5 per cent of total capital infrastructure costs, subject to compliance with the terms and conditions set out in the policy. Special one-time infrastructure projects that are not associated with local healthcare or post-secondary institutions may also be considered for financial assistance, provided that they meet the Region’s strategic objectives and provide a Region-wide benefit. Further details on the Durham Region Community Grant Policy can be found in Report #2019-F-34, or by contacting the Commissioner of Finance using the email link or contact information below.
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