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 standard

  • 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

• Romeo Crow Chief

• Michele Baptiste

• Gary Nott

• Jim Prodger

• Barrie Robb

• Donna Morin

• Marilyn Osecap – Vice Chair

• Aditya Jha

   

Related FNFMB Information:

First Nations Fiscal and Statistical Management Act