Finance & Budgets
The Nation’s Budget & Planning Policy establishes a robust set of processes, responsibilities, and budgeting requirements that demand detailed analysis, planning, and justification for all spending within the Sḵwx̱wú7mesh Úxwumixw (Squamish Nation).
Nexwsxwníw̓ ntm ta Úxwumixw (Council) and Administration are pleased to provide Nation Members with the Nation’s current fiscal year budget. Links to several attachments are provided below.
A few key considerations while reviewing this information:
- We are pleased to provide membership with an unprecedented level of information in the name of transparency and accountability. This information is not intended to be shared with non-Members, please ensure that this information is kept confidential.
- Sḵwx̱wú7mesh Úxwumixw provides a wide variety of programs and services to Members both on-and off-reserve. Many of our programs/services are available to all Members, but some are targeted to specific age groups or Members with specific needs. You will see many programs/services that you and your families can enjoy, but there may be some that you are not eligible for.
- The Nation is continuing to expand its program/service offerings. Launching these new offerings often requires significant planning and resources that may take more than one year to complete and acquire. Therefore there may be some programs that you see with a budget attached to them but they’re actually not yet active. It’s these programs that the Nation is planning for and accumulating resources in preparation to launch.
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A new budgeting process approved in November 2019 is a step forward in increasing transparency, trust, and understanding of budgeting choices and community benefits for Sḵwx̱wú7mesh Úxwumixw.
Gone are the days of ‘turn-key’ or ‘roll-forward’ budgets. In November 2019, Nexwsxwníw̓ ntm ta Úxwumixw (Council) approved a new Budget & Planning Policy (Please note that you must be logged in to access the link above).
The new model establishes a robust set of processes, responsibilities, and budgeting requirements that demand detailed analysis, planning, and justification for all spending.
Directors and Nexwsxwníw̓ ntm ta Úxwumixw (Council) are held accountable for budget development and ongoing monitoring with oversight from the Finance & Audit Committee and Nexwsxwníw̓ ntm ta Úxwumixw. All Directors and some managers attended a full-day budgeting course organized by the Director of Finance and hosted by MNP (a national accounting firm). On an annual basis, they are required to attend refresher training sessions.
Community engagement is key to the effectiveness of the new process. We want to hear from all Members, both on- and off-reserve, with special attention given to Elders, youth, and advisory committees. In order to increase understanding of the new process, the first step will be to provide information on the new process to better understand how budget allocations are made. Second, we will provide the draft budget, and will invite Member input through a series of different engagement opportunities.
All on- and off-reserve Members of Sḵwx̱wú7mesh Úxwumixw are invited to participate in shaping the direction of the budget. Email email@example.com for more information.
Input and feedback from Members will help improve the Nation’s understanding of the community’s needs, values, and priorities.
Financial Reports & Statements
Sḵwx̱wú7mesh Úxwumixw is pleased to offer financial reports and statements, informing membership of the financial position of the Nation, our subsidiaries, and the results of our operations.
Each statement has been prepared by management in accordance with the Canadian public sector accounting standards, reviewed and approved by Council, and audited by PricewaterhouseCoopers LLP.
These statements show comprehensive and detailed reports on the Nation’s operation, activities and achievements, ensuring full transparency and accountability to our membership.