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The FMB will be offering services in the following areas
to support First Nations in the development of a successful financial
administration system:
- Financial Administration Law –
a set of rules for the establishment and operation of a successful
financial management system. The FMB has been developing a sample
financial administration that First Nations could consider.
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- Financial Management System Certification
– the FMB will, at the request of a First Nation,
offer services to evaluate and confirm that a First Nation's financial
management system is operating in compliance with its financial
administration law.
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- Intervention – services to protect
First Nations participating in a First Nation Finance Authority
(FNFA) debenture and to maintain the integrity of the FNFA credit
rating.
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- Local Revenue Account Financial Reporting
– guidance on preparation of financial statements for revenues
generated using the authority of FSMA local revenue laws and expenditures
of those revenues.
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- Capacity Development – the FMB
will be working in partnership with organizations such as AFOA
Canada and the Tulo Centre of Indigenous Economics to identify
and deliver opportunities for capacity development. Capacity development
initiatives will enable First Nations to consider the services
of FMB and its related institutions when an economic opportunity
arises.
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