March 22, 2026
Municipal Information Network

Municipal Finance 101 - E-Learning Course

Organization:
MFOA - Municipal Finance Officers' Association
Location:
Toronto, Ontario, Canada
Start Date:
February 12, 2020
End Date:
December 31, 2020
Description
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Municipal Finance 101 e-Learning is a customizable course that covers the fundamentals of municipal finance, including legislation that impacts the role of Ontario finance officers. The course provides comprehensive theoretical and practical knowledge to help finance offers manage their responsibilities on a day-to-day basis.

Participants will be able to customize their learning experience by choosing topics that are relevant to their interests and needs. Complete 12 of the 14 modules outlined below.

Mandatory:

  • Module 01 Municipal & Legislative Overview*
  • Module 02 Municipal Debt
  • Module 03 Assessment & Property Tax
  • Module 04 Budget Overview
  • Module 05 Financial Reporting
  • Module 06 Long-Term Financial Planning
  • Module 07 Operating and Capital Budget
  • Module 08 User Fees
  • Module 09 Asset Management
  • Module 10 Reserves & Reserve Funds

Electives (participants choose two topics that are most relevant to them):

  • Module 11 Water & Wastewater
  • Module 12 Internal Controls
  • Module 13 Performance Measurement
  • Module 14 Development Charges

Who Should Participate?

  • New municipal finance employees
  • Provincial employees seeking a greater understanding of municipal finance issues and functions
  • Municipal managers and councillors wanting insight into the role finance plays in the success of their organizations
  • Stakeholders involved in public sector financial management

What the Course Delivers:

  • Overview of the municipal sector; background, structure, service responsibilities
  • Discuss the key sections of the Municipal Act that pertains to finance
  • Intergovernmental Finance; role and review of the transfer system
  • The fundamentals of accounting and financial reporting, PSAB compliance
  • Best practices and principles of long-term financial planning and capital planning
  • Service cost and pricing strategies; user fees vs. taxation, cost recovery, asset management
  • and much more!