About: Finance
The Department of Finance seeks to ensure that the financial, information technology, and human resources required by Government are available, allocated in accordance with Government priorities, and used in an efficient and accountable way. The Ministry provides administrative, analytical and policy support to Treasury Board.
Some of the priorities in this mandate are to:
- Work with all departments to meet budgetary objectives
- Lead the stewardship of government finance, including effective expenditure management and close revenue tracking against fiscal plan targets
- Ensure overall financial accountability and attention to structural changes that affect the PEI economy and the fiscal plan
Structure and Employees
The Department of Finance is responsible for financial accounting, Provincial and Federal revenue, debt management, corporate administration and human resources, as well as pensions and benefits.
View employee listThis section provides financial, human resource and administrative services to the department and the Treasury Board Secretariat.
View employee listThe Debt and Investment Management Section is responsible for the day-to-day banking of the province, managing sinking fund assets, and monitoring/assessing the performance of the Pension Fund managers. It is also responsible for financial research, investment strategies for the sinking fund, development of debt management strategies, co-ordinating the issuance of public debt, arranging project financing, asset/liability management of crown corporations, debt, and strategies for cash management.
View employee listThe section is responsible for fiscal, tax, statistical, and economic policy advice and provides liaison with the federal government and the provinces on federal/provincial fiscal arrangements. The most prominent aspects of federal/provincial fiscal arrangements are Equalization, Canada Health and Social Transfer, Income Tax Collection Agreements, Reciprocal Taxation Agreement and Fiscal Stabilization. The section maintains the function of statistical focal point for PEI, actively participating with Statistics Canada on statistical matters and responding to inquiries for statistical information.
View employee listThe Office of the Comptroller’s primary responsibility is to operate and maintain the province’s corporate accounting system, and to produce the Public Accounts of the province. It administers the corporate procurement service for departments and crown agencies, embracing the principle of competitive procurement. It manages the collection of revenues and all expenditure payments with the exception of the bi-weekly payroll. It provides support and advice in matters relating to financial management. Its primary mission is to streamline accounting processes and present financial statements that are as transparent as possible to the Legislature and the public.
View employee listThis division provides a centralized administrative location for the government's employee benefit programs. Programs and services include financial management and policy development of pension and group insurance programs and administration of pension programs to active and retired government employees, judges and Members of the Legislative Assembly.
View employee listThe Taxation and Property Records Division ensures fairness and equity in the application and collection of provincial tax and fee revenues, and equity and uniformity in the production of provincial, municipal and fire district real property assessment rolls.
The division is also mandated to develop, implement, and maintain land related information systems and programs in areas including the Office of the Registrar of Deeds, civic addressing, provincial property lines, corporate geomatics, and official provincial place names (toponymy).
The mandate of the division requires that services be coordinated and integrated both with federal, provincial and municipal governments and the private sector.
View employee list
Executive level staff for the Department of Finance, including the Minister, Deputy Minister and administrative and communications staff.
View employee listThe Treasury Board Secretariat provides support to Treasury Board, as well as financial management for government, government-wide information technology services, risk management and document publishing.
View employee listAdministrative staff for the Treasury Board Secretariat.
View employee listThe Corporate Finance Section provides financial support for each department. The Section prepares departmental estimates, forecasts and processes actual revenue and expenditure transactions.
View employee listThe role of the Fiscal Management Division is to provide excellence in the management of government financial resources by ensuring that public funds are properly budgeted and monitored. The division also provides financial analysis and administrative support for Treasury Board.
View employee listThe IT Shared Services branch of Finance was formed on April 1, 2006, as the result of a Cabinet decision to consolidate all IT resources across government within a single work unit. To satisfy the mandate of the branch, ITSS provides a broad range of services to Government departments and agencies. ITSS is divided into four divisions.
View employee listRisk Management and Insurance is responsible for the insurance requirements (liability, property, auto and crime) of all government departments, agencies, commissions, regional school boards, regional health authorities, and most crown corporations. The program is responsible for settling insured losses incurred by entities participating in the program including settlement of third party losses against such entities. The program is also responsible for risk management issues, with the objective to eliminate or minimize the potential for loss over all insured entities.
View employee listAgencies, Boards and Commissions
- Advisory Council on the Status of Women
- Classification Appeals Committee
- PEI Lotteries Commission
- Atlantic Provinces Harness Racing Commission
- PEI Liquor Control Commission
- PEI Master Trust Investment Advisory Board
- Public Service Commission
- Self-Insurance and Risk Management Fund Committee
