The Financial Performance (FP) Certificate is an independent stamp of approval of a First Nation’s good finance health. An FP Certificate also allows you to apply to the First Nations Finance Authority (FNFA) for a loan at low cost.
First Nations that have borrowed from the FNFA before, or that want to borrow several times, should also consider Financial Management System (FMS) Certification.
Who can get certified?
Financial Performance Certification is open to all First Nations that:
- have developed a Financial Administration Law (FAL).
- intend to borrow money through the FNFA.
Why get certified?
The FP Certificate says that your First Nation meets certain standards of financial performance. Getting certified lets you:
- get an independent review of the your First Nation’s finances.
- see where you might need to improve the way your First Nation manages its finances to help you achieve Financial Management System Certification.
- show to community members, lenders, business partners, and others that your First Nation is in good finance health.
- improve your access to money because Financial Performance Certification is needed to be eligible to access a loan from the FNFA.
How it works
We can support your First Nation to work toward a FP Certificate while developing your FAL. You will receive a Financial Performance Certificate only when the FMB has approved your FAL.