| OUR PURPOSE
To provide the tools and guidance that will instill confidence in First
Nations’ financial management and reporting systems to support economic
and community development.
OUR MANDATE
The First Nations Fiscal and Statistical Management Act (FSMA)
establishes the following mandate for the FMB (s. 49 & s.55):
- To assist First Nations in developing the capacity to meet their
financial management requirements;
- To develop and support the application of general credit rating criteria
to First Nations;
- To provide review and audit services respecting First Nation financial
management;
- To provide assessment and certification services respecting First
Nation financial management and financial performance;
- To provide financial monitoring services respecting First Nation
financial management and financial performance;
- To provide co-management and third party management services (respecting
local revenues);
- To assist First Nations in their dealings with other governments respecting
financial management, including matters of accountability and shared
fiscal responsibility;
- To assist First Nations in the development, implementation and improvement
of financial relationships with financial institutions, business partners
and other governments, to enable the economic and social development
of First Nations;
- To provide advice, policy research, and review and evaluative services
on the development of fiscal arrangements between First Nations’
governments and other governments; and,
- To establish standards (s. 55) respecting:
• The form and content of First Nation financial administration
laws (FSMA s.9) and for approving such laws that comply with the standards
• certification of First Nation financial management systems (FSMA
s. 50)
• financial reporting (FSMA s. 14)
OUR BOARD OF DIRECTORS
The Board of Directors bring a wealth of experience and perspectives about
First Nation financial management to the FMB. The Board of Directors are:
- Harold Calla - Chair
- Elona Arnett
- Ricky Fontaine
- Gary Nott
- Jim Prodger
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- Barrie Robb
- Donna Morin
- Marilyn Osecap – Vice Chair
- Ernie Daniels
- Aditya Jha
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