Committee on Canadian Issues Best Practices and Advisories: Treasury and Investment Management  GFOA BEST PRACTICES that have been approved by the Committee on Canadian Issues as applicable in Canada A GFOA best practice identifies specific policies and procedures as contributing to improved government management. It aims to promote and facilitate positive change rather than merely to codify current accepted practice. Partial implementation is encouraged as progress toward a recognized goal.
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- Acceptance of Credit Cards (January 2007)
- Revenue Policy: Cash Receipts Controls (January 2007)
- Electronic Commerce and Cash Management (June 2007)
- Debt Service Payment Settlement Procedures (2009)
- Payment Consolidation Services (2009)
- Web Site Presentation of Official Financial Documents (2010)
- Accepting Payment Cards and Selection of Payment Card Service Providers (2007, 2010, and 2012)
- Using Mutual Funds by Cash Management Purposes (2003, 2006 and 2010)
- Procurement of Banking Services (2000, 2010 and 2011)
- Government Relationships with Securities Dealers (2004 and 2010)
- Purchasing Card Programs (2000, 2004, 2010 and 2012)
- Selection and On-Going Review of Investment Advisors for Non-Pension Fund Investment Portfolios (2004, 2010, and 2012)
- Use of Lockbox Services (2004, 2008 and 2010)
- Managing Market Risk in Investment Portfolios (2006, 2010 and 2012)
- Creating a Revenue Control and Management Policy (2010 and 2012)
- Mark-to-Market Practices for Government Investment Portfolios (2000, 2005 and 2010)
- Revenue Control and Management Policy: Accounts Receivable Controls (2007 and 2010)
- Diversification of Investments in a Portfolio (2000, 2006 and 2010)
- Use of Cash Flow Forecasts in Treasury Operations (2007, 2010 and 2012) (TIM)
- Using Electronic Signatures (2008)
- Adopting Policies for the Frequency of Purchased Securities Valuation in Repurchase Agreements (2008)
- Considerations for Using Local Government Investment Pools (LGIPs) (2010)
- Establishing Policies for Repurchase Agreements & Reverse Repurchase Agreements (2008 and 2010)
- Bank Account Fraud Prevention (2011)
- Investment of Bond Proceeds (2002 and 2011)
- Creating an Investment Policy (2011) (NEW)
- Using Remote Deposit Capture (2011) (NEW)
- Using Safekeeping and Third-Party Custodian Services (2011) (NEW)
GFOA ADVISORIES that have been approved by the Committee on Canadian Issues as applicable in Canada
A GFOA advisory identifies specific policies and procedures necessary to minimize a government’s exposure to potential loss in connection with its financial management activities. It is not to be interpreted as GFOA sanctioning the underlying activity that gives rise to the exposure.
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