2016

April


Project

Financial Administration Law Documents Revision

Background

Improving the Financial Administration Law Standards and Sample FAL to better support First Nations.

Details

  • Minor changes in line with changes to the First Nations Fiscal Management Act that came into force on April 1, 2016.

Deliverables

  • 6th Edition of Financial Administration Law Review Procedures
  • 8th Edition of Financial Administration Law Standards
  • 8th Edition of Sample Financial Administration Law
  • 6th Edition of Sample Financial Administration Law Explanatory Notes
  • 6th Edition of Financial Administration Guide

Project

Financial Management System Documents Revision

Background

Improving the Financial Management System Standards to better support First Nations.

Details

  • Minor changes in line with changes to the First Nations Fiscal Management Act that came into force on April 1, 2016.

Deliverables

  • 6th Edition of Financial Management System Certification Procedures
  • 6th Edition of Financial Management System Standards

Project

Financial Performance Documents Revision

Background

Improving the Financial Performance Standards to better support First Nations.

Details

  • Minor changes in line with changes to the First Nations Fiscal Management Act that came into force on April 1, 2016.

Deliverables

  • 8th Edition of Financial Performance Certification Procedures
  • 7th Edition of Financial Performance Standards

Project

Local Revenue Financial Reporting Documents Creation

Background

These Standards build on the first draft of Financial Reporting Standards in March 2006.

Details

  • Clarify how First Nations should report local revenues raised under the FMA.
  • Published sample financial statements and disclosures.

Deliverables

  • 1st Edition of Local Revenue Financial Reporting Standards
  • 2nd Edition of Illustrative Local Revenue Financial Statements
  • 1st Edition of Illustrative Segment Note Disclosure
  • 1st Edition of Local Revenue Financial Reporting Standards Explanatory Note