Advisory Services > Financial Reporting and Compliance
Advisory Services > Financial Reporting and Compliance
PSD Citywide assists organizations in complying with a variety of asset and financial reporting requirements like asset identification, data entry, and adjusting entries, supporting better financial reporting and long-term planning. Our expertise extends to optimizing your Chart of Accounts, reviewing capital assets, and supporting water/wastewater financial planning to meet regulatory requirements – all while enhancing data integrity and system integration for improved Asset Management.
These services are backed by our team of Asset Management specialists, as well as our Data and GIS Services practice, further supporting informed planning and long-term success as it relates to all of your assets.
We offer strategic support for developing Capital Improvement Plans (CIPs), integrating financial planning with infrastructure needs to prioritize projects effectively. Our services include assessing funding strategies, aligning them with long-term goals, and ensuring compliance with regulatory requirements for sustainable capital investment.
We provide comprehensive policy development services to ensure compliance and strategic alignment with several standards, offering tailored solutions for financial reporting and Asset Management. Our expertise also extends to creating Debt Management, Tax/User Rate, and Development Charge policies, helping organizations optimize financial planning, regulatory compliance, and long-term sustainability.
Our CFO and Treasurer Support services focus on streamlining year-end financial processes, including the preparation of financial statements, and conducting bank and sub-ledger reconciliation reviews. By addressing critical tasks, we provide support for financial reporting and compliance requirements, assisting CFOs and Treasurers in managing their year-end responsibilities more efficiently.
We assist organizations with Asset Retirement Obligation (ARO) compliance, including the implementation of transitional plans, ARO identification, data entry, and validation to meet regulatory requirements. Our services also include preparing financial statement disclosures, amending policies to align with the new standards, and conducting annual reviews to ensure accurate adjustments and updates for year-end reporting.
We help municipalities develop comprehensive Long-Term Financial Plans (LTFP) for water and wastewater services, ensuring financial stability and regulatory compliance. Our services include data analysis, financial forecasting, capital reinvestment strategies, and rate studies to create a sustainable plan for future infrastructure and service delivery.
The District of Squamish uncovered a $15 million discrepancy in their records caused by inaccurate asset data. By adopting modern Asset Management software and partnering with external advisory services, they resolved the errors and achieved greater accuracy in their financial reports. Read the case study to discover how their proactive approach improved data integrity and ensured financial transparency.
In the public sector, Asset Management is often viewed as something that only large cities with big budgets and dedicated departments can effectively implement. Small communities, however, have just as
Asset Management is a crucial practice for municipalities looking to ensure the long-term sustainability and performance of their public infrastructure. While best practices in Asset Management are well-established, implementing them
In Canada, all governments are legislated to produce financial statements that must be audited each year. This is required to reinforce transparency, evaluate the actual finances against budget, and support
In the public sector, Asset Management is often viewed as something that only large cities with big budgets and dedicated departments can effectively implement. Small communities, however, have just as
Asset Management is a crucial practice for municipalities looking to ensure the long-term sustainability and performance of their public infrastructure. While best practices in Asset Management are well-established, implementing them
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