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Finance Department
In strict accordance
and adherence to newly instituted philosophy and policy of accountability
and prudence the mandate of the Finance department is to over- see the
entire financial operations and major function areas of the local government
in a manner that ensures the integrity of all the financial resources
of the Mikisew Cree First Nation. The positive result of this type of
financial control and management is that Mikisew Cree First Nation has
an established record of living within it’s means and the distinction
of a fiscally responsible local government.
In general terms, the role and functions of the Finance department are
described as follows:
Responds to all queries
and performs financially related action items for all levels of the local
government.
To assist in the preparation of budgets as required by resource agencies
for funding purposes under various program areas.
Under the direction of or with the CEO, the department and program managers,
prepare the outlines for the annual budgets and incorporate them in the
monthly financial and management reports.
Administer the distribution of funds to all levels and to monitor the
expenditures against respective budgets and recommend cost controls where
necessary. Also, to ensure all levels are accountable for expenditures
and adhering to financial policies, procedures and guidelines.
Prepare month reconciliation’s, financial statements for all levels
and incorporate these into a monthly financial management report.
Provide financial information, consultative and accounting support to
all levels as required or requested.
Reviews investment portfolios for security, accountability and maximum
rate of return and reports such to the Leadership and CEO.
To administer the accounts receivable, payable, payroll, capital accounting
and General Ledger functions and ensure recording and reporting of all
financial information and activities.
To ensure an annual audit is conducted by a qualified auditor of all
Ledgers and financial records of the local government.
To act as the internal auditor.
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