Finance

Malahat Nation is paving the future of self governance by moving away from the jurisdiction of the Indian Act and scheduling under the Fiscal Management Act. The FMA provides Malahat Nation authority outside of the Indian Act over our finance Administrative Laws, Local Revenues and Financial Reporting for infrastructure and economic development. The FMA provides Malahat Nation with access to the services of the FMA institutions which are the First Nations Financial Management Board (FMB), the First Nations Finance Authority (FNFA) and the First Nations Tax Commission (FNTC).

Recent Posts

20/21 Annual Report

The Annual Report is intended to communicate to our community the progress towards and achievement of strategic and operational goals set out in the Strategic Plan. The Strategic Plan is an annual document comprised of a 5 year planning period, and outlines both the short- and long-term goals set by Malahat Nation based on the needs of the community.

20/21 Audited Financial Statements

Thank you to all the community members who attended the Council meeting on July 29, 2021. The 2020-21 Audited Financial Statements were reviewed and approved by Council, and are now published here. These statements, along with Council’s Annual Report, will be presented to the community at the AGM scheduled for September 30, 2021. We will provide more information about location and time as we get closer to the AGM date.

Proposed 2021 Rates Law

Malahat Nation is proposing their own property taxation laws in order to raise funds to pay for the costs of providing government services such as garbage removal, septic and road maintenance. Member’s homes on Nation lands will not be taxed.

These laws are final drafts and have been informally reviewed but have not yet been approved by Malahat Chief & Council.

Proposed 2021 Expenditure Law

Malahat Nation is proposing their own property taxation laws in order to raise funds to pay for the costs of providing government services such as garbage removal, septic and road maintenance. Member’s homes on Nation lands will not be taxed.

These laws are final drafts and have been informally reviewed but have not yet been approved by Malahat Chief & Council.

Financial Administration Law

In 2014 Malahat Nation implemented its Financial Administrative Law. The FAL is a set of governance and finance policies that helps Councils and staff make informed decisions. Malahat Nation lives by its FAL and is committed to good governance and financial practices. The policies and procedures set out in the FAL clarify expectations about our administrative responsibilities to Malahat Nation’s employees, members and other related persons;. A finance and Audit Committee has been established to make recommendations to Council on financial and investment decisions to promote positive financial outcomes.