Integrated planning is a process for establishing the First Nation’s priorities and linking them to operations and spending.
A First Nation does integrated planning to make sure that it has enough resources to deliver quality services to its members at a reasonable cost. This will support the First Nation in achieving its goals.
Under the FAL, Council must create a policy to outline its planning and budgeting process that explains:
- when and how often plans should be created and what these plans should include. These plans must include strategic plans, multi-year financial plans , capital project plans, life-cycle asset management plans, and annual budgets
- what parts of these plans overlap or are related to one another
- who is responsible for creating, organizing, approving, changing, updating, and speaking about each of the plans
- how the members of the First Nation will participate in or be told about the plans, the budget , budget deficits, and any significant non-budgeted spending, as is required under the FAL
This policy must specify that the First Nation’s planning and reporting year ( fiscal year ) begins on April 1st and ends on March 31st of the next calendar year.