Benefits for Nations

Some of our First Nations clients want to be able to get a loan through the First Nations Finance Authority (FNFA) at lower cost than loans from other finance institutions. This helps to pay for more projects in your community because the savings from the cheaper loan can be put back into the community. Loans can also support growth in your First Nation’s economy for generations into the future.

A set of administrative governance and finance practices adopted by Council means you can have more confidence that your First Nation is making good decisions. Through the adoption of sound practices, Council also commits to keeping members up-to-date with what’s being decided. By contrast, decisions made by individuals without the guidance of administrative governance and finance practices can cause conflicts and delays, which can make your First Nation less stable.

A Nation that runs smoothly and has a good reputation is a better place to live. When your First Nation’s Chief and Council and staff members are all working from the same set of rules, decisions are better informed. Things often get done faster. This can improve services and daily life for current and future citizens..

When less time is spent on making decisions because of the administrative governance and finance practices in place, more time can be spent on meeting your community’s needs. This makes planning for the future easier. And when your First Nation has a plan, it can focus on improving services, instead of having to spend a lot of time reacting to situations.

Certification makes it easier to borrow money through the FNFA. An FNFA loan can allow Nations to pay less interest over the long-term. This could help you pay for urgent and long-term planning projects.

If your First Nation’s Chief, Council and staff follow administrative governance and finance practices, they are more likely to be able to deliver the high-quality services that citizens want and deserve. This leads to a happier and healthier community.

Using rules that have been agreed by the Chief and Council and communicated to all staff leads to fewer questions and criticisms from staff and citizens, and makes life easier for everyone.

Administrative governance and finance practices improve how your First Nation is run in important ways. As well as helping Council make better decisions, it makes it easier to be transparent about how each decision is made.

Certification can reassure citizens, investors, lenders, and others that you are running your First Nation well. By showing how you have taken steps to stop or reduce problems that impact the Nation’s finance and social health, you can boost confidence in your First Nation.

Administrative governance and finance practices can help your First Nation prosper. When day-to-day operations run more smoothly, the Chief, Council, and staff have more time to deal with long-term, strategic projects and goals. These things will shape your First Nation’s future.

One benefit of working with the FMB is your First Nation being able to apply for a loan through the FNFA. This can help pay for projects on the same terms as other governments in Canada, which can save your First Nation money. This can free up money for other services and projects.

Administrative governance and finance practices means you don’t need to worry about working with decisions made by individuals. Everything is set down in writing and approved by Council. This not only reduces conflicts, but can also make it easier for you to tell new Councillors about how things work.

Working with the FMB lets you do more for your First Nation. You can help the Nation achieve its long-term goals for the community by making well-informed decisions based on a set of rules. We can support you to come up with solutions, instead of just reacting to problems.

If you work with the FMB to bring your Finance Administration Law (FAL) or By-laws (FAB) to life, you can pick up new skills and knowledge to help you make better decisions. You can look forward to playing a more active role in your First Nation’s future, and have more confidence in your response to challenges.

Administrative governance and finance practices create a roadmap for where your First Nation is going. When everyone is following the same map, you can get there quicker. We provide online tools to help you find important documents and track progress, from developing your FAL to getting certified.