Sliammon Recieves First Nations Financial Management Board Certification

Original Source
First Nations Financial Management Board

Sliammon reaches long pursued goal of certification with sights set on community project
WEST VANCOUVER, BC (March 21, 2014) – The First Nations Financial Management Board (FNFMB) congratulates Sliammon on their financial performance certification by the FNFMB. Sliammon is now eligible to become a borrowing member of the First Nations Finance Authority and access low-cost debt to finance economic development opportunities for their community.

While each First Nation that works through certification is unique, the end goal remains the same – strengthened financial management practices and access to financing readily available to other governments in Canada. For Sliammon, the road to certification was not an overnight process. In fact, the certification journey has been an involved one for leadership and administration that began soon after the First Nations Fiscal Management Act (FMA) came into force and has spanned many years. The perseverance, dedication and commitment showcased in attaining certification is a true testament to the leadership and determination of Sliammon.

“We are extremely excited that we will now be able to move forward with much needed infrastructure development within our community. FNFMB Certification has presented our Nation with an option that it has never had before – the ability to access long-term loans at rates below prime. We have had plans for a new administration building for years. We can now put our plans into action,” said Sliammon Chief Clint Williams.

“Sliammon leadership has demonstrated a real commitment to strengthening their financial management practices and this is evident in their recent financial performance certification,” said FNFMB Executive Chair, Harold Calla. “Their commitment has provided them with the opportunity to now move forward with economic development projects.”

The FMA is federal legislation designed to provide access to affordable financing for First Nations governments who choose to opt in to the legislation.

The FNFMB is a non-profit institution that assists First Nations choosing to go through the certification process. FNFMB certifies financial performance and financial management systems of First Nations based on FNFMB standards, which are consistent with internationally recognized frameworks for internal control.

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For further information:

Harold Calla
Executive Chair
First Nations Financial Management Board
Telephone: (604) 925-6665
Cell: (604) 313-2699

Aboriginal Business and Entrepreneurship Skills Training

DevCorp will be hosting Aboriginal Business and Entrepreneurship Skills Training (BEST) in our community! BEST provides training and support for people in the community to start and run their own business.

Information Session: Saturday, January 18th, 2014, 6:00pm at the Salish Center (dinner provided).

Course Commences: Monday, January 27th, 2014 at Tla’amin Community Health Services, Tuximay Building.

The program will be as follows:

10 regular evening classes: Monday to Friday from January 27th to February 07th, 6:30 to 9:30 p.m. Each session 3 hours.

2 make-up/review/one-on-one classes (optional) for those who need it: Monday and Tuesday, February 10th and 11th, from 9:00 a.m. to 3:00 p.m. both days.

The course is FREE and open to aboriginal peoples. To register or find out more contact Elaine Tom @ Sliammon Development Corporation, (604) 483-7777 or email devcorp@shawcable.com.

Aboriginal BEST Training More Information

BEST Individual Registration Form

SDC Economic Governance Restructuring

Sliammon and SDC have undergone a restructuring exercise to reform and strengthen Sliammon’s economic governance structure. In accordance with the Tla’amin Economic Development Strategy, all Sliammon business ventures have been realigned for consistent reporting. The project has provided the necessary separation of band politics from the business operations of the Nation, and created a more suitable management structure for the corporation and its current and future subsidiaries.

That being said, SDC and its group of companies and partnerships are still subject to Tla’amin Nation laws and regulations. This project has enabled SDC to put its best foot forward when conducting business. Businesses have been structured as limited partnerships (LP’s) to minimize tax and liability exposure. The new structure will also improve accountability, transparency, monitoring, and reporting by all business entities.

The SDC board has also engaged in a strengthening exercise that has enhanced and realigned strategy, communication, and financial reporting for the group of companies and partnerships. Through this, roles have been further defined and reporting consolidated to boost communication and efficiency.

About Us

Incorporated in 1995 and originally called the Sliammon Development Corporation, the SDC was created to engage in and oversee economic development for the Tla’amin Nation.

After the effective date of the Tla’amin Treaty, SDC was re-organized and Tla’amin Management Services LP became the business arm of the Tla’amin Nation.

With over 20 years of experience in conducting business, particularly in land development, forestry, aquaculture, retail, hospitality and tourism, the Tla’amin Nation looks forward to working with you!