Jump to Navigation

Finance

Policies and Procedures [First Nations Financial Management Board, FNFMB]

Publisher: 
First Nations Financial Management Board
Year of publication: 
2019

As part of a sound governance structure, Council will need to create a policy that describes how all policies and procedures of the First Nation will be created and put into practice.

Under the FAL, only Council can approve financial administration policies and Council must keep a current list of these. Also, all financial administration policies of the First Nation must

Governance [First Nations Financial Management Board, FNFMB]

Publisher: 
First Nations Financial Management Board
Year of publication: 
2019

Governance is the process of how your First Nation manages decision-making. Governance describes who has power, who makes decisions, how others make their voices heard, and what goes into reports and financial statements. The policies and activities of a First Nation flow from its governance structure.

Sample Governance Policy (DOCX)

Tools and Templates [First Nations Financial Management Board, FNFMB]

Publisher: 
First Nations Financial Management Board
Year of publication: 
2019

Policies and procedures make sure everyone is on the same page on how things get done at a Nation.

They provide confidence to members that everyone is treated fairly and equally and may protect a Nation against possible legal action and loss of money and property.

The FMB has developed 4 sample policies to assist First Nations with bringing their FAL to life and becoming FMS certified.

While these sample policies and procedures meet the FMB's Standards, they should be adapted to fit the specific needs of your First Nation as well as your FAL.

Careers [First Nations Financial Management Board, FNFMB]

Publisher: 
First Nations Financial Management Board
Year of publication: 
2019

Work with us
As First Nations continue to look to the FMB for support in setting up good governance and finance practices, we need to make sure we can meet the needs of our clients. Our people are the most important way for the FMB to do this. Our First-Nations-led, team-driven culture allows for opportunities to grow, learn, and make a difference to First Nations across Canada.

We are an inclusive organization that values diversity. We treat all employees equally, regardless of culture, background, age, gender, sexual orientation, or disabilities.

Intervention [First Nations Financial Management Board, FNFMB]

Publisher: 
First Nations Financial Management Board
Year of publication: 
2019

If a First Nation defaults on a First Nations Finance Authority (FNFA) Borrowing Agreement or fails to comply with local revenues laws as governed by the First Nations Tax Commission, the FMB has the authority under the First Nations Fiscal Management Act (FMA) to step in to provide support.

Intervention is a support process that enables the FMB to investigate, understand, manage, and resolve any problems relating to:

Our Authority [First Nations Financial Management Board, FNFMB]

Publisher: 
First Nations Financial Management Board
Year of publication: 
2019

The First Nations Fiscal Management Act (FMA) is optional First Nations legislation. It came into effect on April 1, 2006. The FMA established three First Nation institutions to develop practical, modern-day tools already used by other levels of government in Canada, and provide these tools to First Nations governments.

Section 49 and 55 of the First Nations Fiscal Management Act [First Nations Financial Management Board, FNFMB]

Publisher: 
First Nations Financial Management Board
Year of publication: 
2019

Section 49 and 55 of the First Nations Fiscal Management Act (FMA) establishes the following legislative mandate for the FMB:

First Nations Fiscal Management Act [First Nations Financial Management Board, FNFMB]

Publisher: 
First Nations Financial Management Board
Year of publication: 
2019

The First Nations Fiscal Management Act (FMA) is a law that provides First Nations with support and tools to strengthen your community and build your economy. First Nations can choose whether or not to participate in the FMA.

All of our First Nations clients must be scheduled under the First Nations Fiscal Management Act (FMA).

Home [First Nations Financial Management Board, FNFMB]

Publisher: 
First Nations Financial Management Board
Year of publication: 
2019

The First Nations Financial Management Board (FMB) supports First Nations across Canada to build good governance and finance practices.

About FMB

We are a non-profit, First Nation organization.
Our services come at no cost to First Nations.
We only provide services when asked to by our First Nations clients.
We are independent of the Crown.

Why the FMB was formed

Enterprise Risk Management [A Hundred Answers]

Publisher: 
A Hundred Answers
Year of publication: 
2015

“Our ERM approach and methodology aligns with our strategic planning approach with recognition that these two processes are tightly linked. We also leverage enablers, such as balanced scorecards, as well as industry frameworks and best practices to deliver high-value, business-focused outcomes for our clients, including risk universes and risk analytics.”

Pages

Subscribe to RSS - Finance


Main menu 2

by Dr. Radut