Webinar on APC 2019 Report: Highlighting Successful Atlantic Indigenous Businesses
Indigenous businesses in Atlantic Canada are making a sizeable contribution to the regional economy and are expanding rapidly, but financial obstacles remain a significant barrier to their future growth.
A wonderful resource that describes the land use planning operations of the nation, zoning classification, community planning and design, clear outcomes and development. A great example for others to use as a template for planning in their community.
Reporting to the First Nation on money paid to and money expensed by each Councillor is part of sound governance practices and reinforces Council’s accountability to its members. This report is to be completed yearly.
The FAL requires that Council create a policy on this that includes the steps for:
An external audit is the process of having someone independent review an organization’s financial statements and form a view as to whether or not they reflect the actual state of the money and property of the organization.
The independent reviewer (known as the auditor ) must follow certain standards known as auditing standards. The external audit provides reassurance to the First Nation and other readers of the financial statements that what they are reading reflects reality.
There are certain key tasks that need to get done in every First Nation. These involve managing the overall day-to-day operations of the First Nation that include specific tasks around finances and reporting.
The FAL requires that these be assigned to specific individuals to make sure that they get done.
Therefore Council must create a policy outlining the duties and roles of the First Nation’s officers which include the senior manager, the senior financial officer and the tax administrator (if the First Nation is collecting local revenues).