Finance Committee Update and Budget Presentation
Tla’Amin Forestry Revenue For future generations • Land rich, cash-poor treaty • 3.3 million in revenue last year • Longterm planning for forestry resources (last beyond the cut year) • Pause spending on forestry revenue until community consultation can be carried out • Additional regulations and policy may be required • Modest appropriation to this year’s capital projects
Processes to buy and sell assets • New policy to govern the procurement and disposal of Nation assets • Will ensure that major capital purchases are carried out in a competitive, neutral and cost effective manner • Will ensure that the Nation gets maximum value from sale of assets Strengthening our processes to gain maximum value while retaining • Can include clauses providing opportunities for citizens Nation members advantage in the bidding process
Tla’Amin Operating Budget 2018/2019
Tla’Amin Capital Budget 2018/2019
What is a Capital Budget? • Money for the acquisition or maintenance of fixed assets such as land, buildings, and equipment. • Driven by Nation priorities • A 5 year capital budget was developed from the priorities of leadership and program managers • Year1 projects total 1.5 million
Sources of Funding • Annual Capital Funding • PY surplus • INAC- applications • Forestry appropriation
Capital Budget Highlights
Wastewater Connection 250k
Public Works Yard 250k Public works operates, constructs, and maintains the engineering infrastructure essential for a high quality of life in Tla’Amin. A public works yard will secure Nation assets and provide for safe conditions for the Tla’Amin workers
Fleet Management 220k Moving to a lifecycle fleet replacement model
Playground 150k *Actual products may not appear as shown
Community Wellness 200 k
Other highlights • Master drainage plan (100 k) • Paving the health parking lot (85 k) • New community signage (15 k)
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