The mandate of the department is to help maintain the financial and technological integrity of the Nation’s government. The department’s primary role is to assist Council in strengthening the effectiveness, efficiency and accountability of our overall operations. The department also provides support and advice to other departments in the areas of finance and technology and provides support to individual Nation members in the areas of taxation, insurance and technology support.
Income Tax Returns
It is a requirement of the Government of Canada that all income-earners file an annual tax return. Failure to file a return will result in the stoppage of certain payments, like HST Credit payments, Child Tax Credit payments and Old Age income supplement payments.
To ensure that Squamish members get all of the payments to which they are entitled, the Nation’s Finance staff prepares tax returns for elders and members on Income Assistance.
One of the responsibilities of the Finance department is to manage the Nation’s insurance portfolio, and that includes insurance for Member housing on reserve. During the last year, Finance staff assisted a number of Nation members with their insurance claims, making certain that valid claims are processed as efficiently as possible.
Member & Department Services:
One of the most important Finance department functions is the payment function. Every month we produce over 4,000 payments for members, vendors and employees.
Our technology group supports the work of the Nation by managing the Nation’s technical infrastructure in North Vancouver and Squamish, including a 22-location computer network serving multiple users. As well, the group provides help to Nation members who need minor repairs to their personal computers.
Financial Planning & Oversight
We provide Chiefs & Council with a financial planning function through the annual budgeting process. Throughout the year, we meet regularly with Council and department heads to review and identify areas of financial concern.
The department provides regular financial reporting to: Chiefs and Council and the Band Manger; various other departments; our banks; and to outside funding agencies and governments.
Regular reporting includes:
- Annual financial statements
- Regular reports to Council
- Regular reports to department heads
- Regular reports to funding agencies in accordance with contracts
- Other financial reports as requested
Services to other Related Entities
Squamish Nation has ownership interest in a number of related companies, partnerships, societies and other nonprofit organizations. The department provides a variety of service to these entities including accounting, revenue collection, payment, reporting & audit.
Revenue and Receivables Services
The department makes sure that all revenues owed to the Nation are invoiced, collected and recorded, including:
- Amounts receivable from government agencies and other funders
- Amounts receivable for rents and leases
- Amounts receivable for property taxes on reserve
- All other receipts, ensuring they are deposited in the bank and recorded correctly