Imagine your community in five, 10, 100 years, and beyond. Do you see a thriving group of members who believe in your First Nation and how it is run? Our services support you in setting up good governance and finance practices that make it easier to get there.
FMB can support your First Nation:
develop and pass your Financial Administration Law (FAL) and bring your FAL to life.
get certified to strengthen confidence in your First Nation.
Develop your FAL
The first step is to develop a Financial Administration Law (FAL). A FAL is your First Nation’s commitment to good governance and finance practices. A FAL sets out the good governance and finance practices that can help your First Nation run smoothly for generations into the future.
Bring your FAL to life
Developing a FAL is just the start. You then need to bring it to life in your community to help achieve your goals. Bringing a FAL to life strengthens the confidence members, lenders, and others have in your First Nation.
Financial Performance Certification
The Financial Performance (FP) Certificate is an independent stamp of approval of a First Nation’s finance health. This is for First Nations who want to borrow money for the first-time through the First Nation Finance Authority (FNFA). You can get certified as soon as your FAL is approved by the FMB.
Financial Management System Certification
A Financial Management System (FMS) Certificate shows to your Council, community members, lenders, business partners, and others that you running your government and finances based on what is set out in your Financial Administration Law. It also allows you to apply for loans on the same terms as other governments in Canada and remain in good standing with the First Nations Finance Authority (FNFA).