b'SUCCESS FROM THE IMPLEMENTATION OF THEFIRST NATIONS FISCAL MANAGEMENT ACT (FMA) The First Nations Financial Management Board (FMB) is an optional, non-prot, First Nations-ledTemagami First Nation are proud to achieve this extraordinary institution. The FMB mandate was established in 2006 by the First Nations Fiscal ManagementFinancial Management System Certication; a nancial standard that solidies accountability, good governance, economic Act (FMA). Upon request, the FMB provides First Nations with support in developing sounddevelopment and a strong foundation for our nation for years nance and administrative governance practices. The FMBs professional services are oered freeto come. With the assistance of the FMB and all the hard work from sta\x06 and leadership, this achievement delivers condence to First Nations.and transparency back to our people.Arnold Paul, Chief \x1f302 First Nations have opted into the FMA Temagami First Nation\x1f214 have a Financial Administration Law (FAL)\x1f175 have a Financial Performance (FP) Certicate There were three reasons why Rama sought this certication. \x1f172 are working towards a Financial Management System (FMS) Certicate The rst was the ability to secure a long term guaranteed interest rate. This allows us to better plan capital investments knowing \x1f42 have received their FMS Certicate the long term nancing costs of a project. FMS Certication shows the community and other stakeholders that we meet the \x1f100+ First Nations are eligible for the 10-Year Grant highest standards when it comes to nancial management and \x1f governance. Finally, we felt that this certication would enable$898M have been borrowed through the First Nations Finance Authority (FNFA) us to identify and manage risk proactively.Rick Morano, Chief Financial Ocer Chippewas of Rama First NationPlanning for Future Generations!The whole certication process was driven by our community REAL OUTCOMES & BENEFITS: through our last strategic plan and is a strong validation of our commitment to sound and e\x06ective nancial management. We The FMB supports First Nations with long-term planning and vision beyond the 7th generation. look forward to the great opportunities that this creates for our communitys future.As a result of the FMA, more First Nations across Canada are implementing their social andWarren Tabobondung, Chief economic development plans. Outcomes include: New schools, land purchases, road and utilityWasauksing First Nation projects, wellness centres, green energy projects, housing developments, social programs, machinery and clean water projects.Interested in learning more about FMB? Call us at 1-877-925-6665 or send a message to mail@fnfmb.comFNFMB_AFN_Double_Ad_2020-09.indd 1 2020-09-25 2:37:41 PM'