The Sheshegwaning First Nation (SFN) has received a Financial Management System (FMS) Certificate from the First Nations Financial Management Board (FMB). This means their finance and administrative practices now meet FMB , which are based on internationally recognized standards of financial management.
Sheshegwaning has a vision to collectively strive to be a self-sufficient and prosperous community of balance, and healthy families. This vision is guided by Anishinabek culture and heritage. Chief and Council is fully engaged in fulfilling this goal. To do this they require good governance, good management, and most importantly a community that supports and believes in this vision. Important infrastructure and enterprises have been developed to achieve this goal including the United Chiefs and Councils of Manitoulin Building Supply, Manitoulin Hotel, Mnidoo Mnising Power, Odawa Stone, Odawa Island Farms. These will generate financial and social benefits for the Nation long into the future.
“Many seeds have been planted over the years to make this vision a reality. A solid foundation of governance has been developed through the passing laws such as our Financial Administration Law, gained through the First Nations Financial Management Board,” said Alana Endanawas, SFN Chief. “Our Nation is also very proud to achieve FMB’s Financial Management System Certification. We see this certification as holding the Sheshegwaning First Nation to the highest standards of financial practices, and as a significant accomplishment toward our long-term goals.”
The FMB acknowledges the strong leadership of the Sheshegwaning First Nation Chief and Council, and the dedication of their staff that were key to achieving FMS Certification. The FMB recognizes the Sheshegwaning First Nation on this major accomplishment!
Working with FMB and seeking FMS certification provides several benefits including:
- Increased transparency and accountability to members and future business partners
- Building skillset and reputation for strong finance and administrative governance practices
- Provides council members and staff the tools they need to better manage the Nation’s finances
- Increased stability and continuity through finance and governance practices
- Improved risk management
About Sheshegwaning First Nation
SFN is located on the northern shoreline of Manitoulin Island, approximately 112 kilometers west of Little Current. Accessible year-round by hard top road, the land base of Sheshegwaning is 10,124 acres. The people of Sheshegwaning are of the Odawa Nation of Anishnaabek. The official languages of Sheshegwaning are Nishnaabemwin and English. Sheshegwaning Edbendaagzijig (Citizens) number 419 as of April 2013, 111 of whom live on-reserve, not including permanent residents.
About FMB
The FMB is a First Nations-led nonprofit organization that supports First Nations in developing sound finance and administrative governance practices. The FMB was created under the First Nations Fiscal Management Act (FMA) in 2006. Services are fully optional and offered at no cost to First Nations. For more information on all products and services, visit fnfmb.com.