Hear from First Nations leaders as they share their success stories of implementing strong economic and social development plans. Discover tools your First Nation can leverage, at no cost, to plan your financial future. Learn how to build or enhance strong finance and administrative governance practices. And find out how to access affordable long-term capital. Plus, your chance to win numerous door prizes.
First Nations Financial Management Board (FMB) is an independent, not-for-profit First Nations organization that supports First Nations in strengthening their governance and financial practices.
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WHO WE ARE
The First Nations Financial Management Board “The FMB” is Canada’s only legislated body that develops and publishes First Nations Financial Management and Financial Performance Standards and upon request certifies First Nations compliance to those standards. The FMB is an Aboriginal institution that provides a suite of financial management tools and services to First Nations governments seeking to strengthen their fiscal stewardship and accountability regime and develop necessary capacity to meet their expanding fiscal and financial management requirements.
The FMB is one of the First Nation institutions created through the Fiscal Management Act (FMA). This federal legislation is designed primarily to provide participating First Nations with the tools and capacity needed to facilitate their participation in long-term pooled borrowing through the Capital Markets – on a similar basis as other governments in Canada – to support their social and economic development objectives.
To support the FMA’s primary initiative, The FMB has established the following standards and corresponding services:
- Financial Administration Law Standards and Approval
- Financial Performance Standards and Certification
- Financial Management System Standards and Certification
First Nations in Canada have access to the full range of FMB services to support their own financial management and accountability development after developing a Financial Administration Law. These services are completely optional and apply only to those First Nations who choose to make use of them.