AANDC Audit Report for 2014-2015 (opens .pdf file) ….. MFN receives commendation on the three favourable financial indicators which show the First Nation can expect to be able to meet all of its operational requirements in both the short and long term. Another stable financial year for MFN. Chief and Council approved the Audited Financial Statements …
Category: Financial Reports
ABORIGINAL AFFAIRS AND NORTHERN DEVELOPMENT CANADA PROVIDES A GENERAL ASSESSMENT ON MFN FOR 2014-2015…The General Assessment (GA) is a tool that is currently used to provide a recipient-focused, risk based approach to transfer payment management and provides a standardized process for assessing capacity to deliver programs and services. MFN has once again received a “low …
In compliance with the First Nations Financial Transparency Act, which became effective for March 31, 2014 fiscal periods, First Nations must publish: Audited Consolidated Financial Statements (ACFS) on their internet sites. First Nations must publish a schedule of remuneration and expenses for Chief and Council on their internet sites.
INAC gives favourable final review of MFN audited Financial Statements 2011-2012 Each year MFN reports to its members in keeping with its policies of accountability and transparency, the official results of full financial review and report by Indian Affairs.
INAC Final Review Audited Financial Statements for 2011-2012
Under the funding agreement between Michipicoten First Nation and INAC, we have been assessed as a “low risk” First Nation in our overall performance under the agreement with Indian and Northern Affairs, clearly indicating that, Michipicoten First Nation, under its Chief and Council and Administration, has the capacity and commitment to operate and manage its affairs effectively.