THE TEAM
Jared graduated from the University of Waterloo with a Master of Accounting (MAcc) degree and quickly found a place in municipal finance. He gained firsthand expertise with municipal-specific funding topics, such as full cost recovery modelling for user fees, forecasting development charge (DC) collections, managing reserves / reserve funds, issuing debt, and of course applying for grants.
Jared calls the Niagara Region home and has lived in Ontario his entire life. His professional credentials include a Chartered Professional Accountant (CPA) designation and a Professional Certificate in Asset Management Planning.
Jared Carter, CPA
Founder
OUR STORY
Jared founded MuniciPaid in 2024, seeing a gap in the market based on two core beliefs about the municipal world he was operating within.
1
A pivotal shift in the funding relationship between municipalities & senior governments was occurring.
​In the early 2020's, pressures were mounting on municipal staffs and Councils, with a prime priority focused on upsizing infrastructure to enable housing. There were calls for novel public-private funding relationships, new mandates financial strategies to close asset management shortfalls, additional restrictions on development charges, pushes for improved waste management & stormwater standards, and a palpable increase in Mayors imploring their MPs & MPPs for more and/or different funding programs. It was clear that municipalities were about to experience a lot more costs, and in the absence of a harsher stance on decreasing service levels, Treasurers needed to be ready for a lot more funding programs to become available too.
2
Municipal finance departments were viewed as a support service instead of a value-added service.
​The service levels of finance departments were generally limited to delivering budgets, processing invoices, passing assurance engagements, commenting on Council reports, and administering property tax bills. As a result, they were staffed as such. A single funding program can take 100+ staff hours to navigate, and most Treasurers don’t have enough resources to allocate towards a fulsome approach for securing funding. The market lacked a practical facilitator; someone who knows what it’s like to work on a municipal finance team but actually has an established process and the required time on their hands to facilitate the funding process on their behalf.