March
Project
Illustrative Local Revenue Financial Statements - Initial Development
Background
All First Nations that choose to raise local revenues under the First Nations Fiscal Management Act (FMA) must account for, and report on, their local revenues, separately from other moneys.
Details
- Developed sample Annual Financial Statements First Nations can use to report local revenues, as required by the FMB’s Local Revenue Financial Reporting Standards drafted in March 2006.
Deliverable
- 1st Edition of Illustrative Local Revenue Financial Statements