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.
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.
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:
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.
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).
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.
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