Name: JEZZA G.

PLANG
COMPANY REVIEW AND ANALYSIS

Company Overview: City Treasurer’s Office Kidapawan City

The City Treasurer’s Office is a government department responsible for

managing the financial affairs and resources of a city or municipality. Its primary role is
to ensure the proper collection, disbursement, management of the City funds, maintain
and updates the tax information system, implement fully the City revenue tax code and
provides local and national policy makers vital information matters relating to public
finance.

Moreover, the office stands as a steward of financial liquidity, orchestrating the

delicate ballet of cash management. Striking a balance between meeting immediate
financial obligation and optimizing the utilization of available funds, the City Treasurer’s
Office navigates the flow of revenues and expenditures. This role is illustrating the
prudent decision-making required to prevent cash shortages while maximizing the
potential of surplus funds

. In summary, the City Treasurer’s office plays a crucial role in maintaining the
financial health, stability, and accountability of the City. Its responsible encompass a
wide range of financial activities that impact the city’s operation, service and overall
well-being.
SWOT Analysis focusing on Corporate Social responsibility (CSR)
STRENGTH
Financial Expertise
The City Treasurer’s Office likely has
a team of professionals with deep
knowledge and expertise in financial
management, accounting and
treasury operations.
Financial Stewardship
The office plays a crucial role in
managing the city’s financial
resources, ensuring responsible
allocation, investment and utilization
of funds.
Data Management
The office handles a significant
amount of financial data, which can
be leveraged to make informed
decisions and improve financial
planning.
Regulatory Compliance
A strong understanding of financial
regulations and compliance helps the
office maintain transparency and
accountability in financial operations.
Risk Management
The office likely employs risk
management strategies to safeguard
the city’s financial assets and
investments
WEAKNESSES
Resource Limitations
Budget constraints may limit the office
to implement new technologies of hire
additional staff, potential impacting
efficiency.
Bureaucracy
Complex bureaucracy process could
hinder quick decision-making and
responsiveness to changing financial
needs.
Skill Gaps
The office might face challenges in
keeping up with rapidly evolving
financial technologies and practices.
Leading to skill gaps.
Limited Public Engagement
There could be limited communication
and engagement with the public,
resulting in a lack of awareness about
the office’s role and responsibilities.
 OPPOTUNITIES
Technological Advancements
Embracing financial technology
(fintech) solutions can enhance
efficiency in financial management,
reporting, and customer service.
Sustainability Initiatives
The office can explore sustainable
investment opportunities, aligning
financial decisions with environmental
and social goals.
Data Analytics
Leveraging data analytics can provide
insights into revenue patterns,
expenditures trends, and fiscal
planning, leading to more informed
decisions.
Collaboration
Collaborating with other city
departments and external
stakeholders can lead to integrated
financial strategies and shared
resources.
Public Education
The office has the opportunity to
educate its citizens about its role,
financial planning, and how tax
revenues are utilized for public
services.
THREATS
Economic Uncertainty
Economic fluctuations and
uncertainties can impact investment
returns and revenue projections,
affecting the city’s financial health.
Cybersecurity Risks
As custodians of financial data, the
office faces threats from cyber attacks
and date breaches, risking the
security of sensitive information.
Regulatory Changes
Frequent changes in financial
regulations and compliance
requirements could lead to challenges
in staying updated and aligned.
Public Trust
Any mishandling of funds or lack of
transparency can erode public trust in
the office’s financial management
practices.
Competing Priorities
The office’s priorities might conflict
with other city departments’ needs,
creating challenges in resource
allocation.
Area for Improvement:

Upgrade financial management systems to modern platforms for better

efficiency, accuracy and data security.
Enhance financial literacy programs for citizens to better understand city
finances.
Enhance risk assessment and mitigation strategies to safeguard city funds and
assets.

Alternative Courses of Action:

Implement cloud-based solutions for streamline data storage, analysis and

accessibility.
Create user friendly dashboard or reports that display city financial information
for public viewing.
Develop predictive modeling tools to anticipate financial risk and optimize
investment decision.

Recommendations:

Establish a dedicated risk management unit within the treasury department to

proactively identify and manage potential financial threats.
Launch workshop and seminars to educate residents budgeting process, fiscal
policies, and how their taxes are used.
Implement online payment options for taxes, fees, and other city-related services
to provide convenience for residence and businesses.