The First Nations Financial Management Board was established as a shared governance corporation by the First Nations Fiscal and Statistical Management Act, which came into effect on April 1, 2006.
The purposes of the Board are to:
- assist First Nations in:
- developing the capacity to meet their financial management requirements;
- their dealings with other governments respecting financial management, including matters of accountability and shared fiscal responsibility;
- the development, implementation and improvement of financial relationships with financial institutions, business partners and other governments;
- provide:
- review and audit of First Nation financial management;
- assessment and certification of First Nation financial management and financial performance;
- financial monitoring of First Nation financial management and financial performance;
- co-management and third-party management services;
- advice, policy research and review and evaluative services on the development of fiscal arrangements between First Nation governments and other governments; and
- development and support to the application of general credit rating criteria to First Nations.
The Board is governed by a minimum of nine and a maximum of 15 directors, including a Chair. Three of the directors are appointed by the Aboriginal Financial Officers Association of Canada. The Chair and the remaining directors are appointed by the Governor in Council.
First Nations Financial Management Board
100 Park Royal South, Suite 905
West Vancouver, British Columbia V7T 1A2
