10-Year Grant Funding
For Nations that have developed a mature management proficiency, moving into a 10-Year Grant funding arrangement with Indigenous Services Canada provides them with the certainty and flexibility of being able to design and deliver programming while focussing their accountability on their community.
The key to the successful implementation of the 10-Year Grant is being properly organized and prepared to take on new responsibilities on behalf of the Nation. LCI takes the view that although achieving the eligibility for the grant is important, preparing the organization and staff to thrive, is critical. Our process is to understand the needs of the Nation and with the input of leadership and management, work to fill any of the gaps that may exist. We want to ensure that the outcome of this initiative reflects the community values and supports the cultural well-being of each Nation.
The essential outcome of our process with you will be to fully prepare your Nation to be eligible to receive the 10-Year Grant funding agreement with Indigenous Services Canada.
For Nations that have developed a mature management proficiency, moving into a 10-Year Grant funding arrangement with Indigenous Services Canada provides them with the certainty and flexibility of being able to design and deliver programming while focussing their accountability on their community.
The key to the successful implementation of the 10-Year Grant is being properly organized and prepared to take on new responsibilities on behalf of the Nation. LCI takes the view that although achieving the eligibility for the grant is important, preparing the organization and staff to thrive, is critical. Our process is to understand the needs of the Nation and with the input of leadership and management, work to fill any of the gaps that may exist. We want to ensure that the outcome of this initiative reflects the community values and supports the cultural well-being of each Nation.
The essential outcome of our process with you will be to fully prepare your Nation to be eligible to receive the 10-Year Grant funding agreement with Indigenous Services Canada.
For Nations that have developed a mature management proficiency, moving into a 10-Year Grant funding arrangement with Indigenous Services Canada provides them with the certainty and flexibility of being able to design and deliver programming while focussing their accountability on their community.
The key to the successful implementation of the 10-Year Grant is being properly organized and prepared to take on new responsibilities on behalf of the Nation. LCI takes the view that although achieving the eligibility for the grant is important, preparing the organization and staff to thrive, is critical. Our process is to understand the needs of the Nation and with the input of leadership and management, work to fill any of the gaps that may exist. We want to ensure that the outcome of this initiative reflects the community values and supports the cultural well-being of each Nation.
The essential outcome of our process with you will be to fully prepare your Nation to be eligible to receive the 10-Year Grant funding agreement with Indigenous Services Canada.
Key Deliverables
Orientation to Council and Management on the opportunities and requirements of the 10-Year Grant funding methodology.
10-Year Grant Readiness Report, including Policy Inventory, Audit and Financial Reporting, Financial Management Systems, Organizational Preparedness, Financial Ratios and Gap Analysis.
Creation or update of the Nation’s Financial Administration Law; and may include detailed policy review, recommendations and/or development, committee terms of reference, engagement and reporting, Strategic Planning, Multi-year operating, capital and asset management planning and a Risk Management Plan.
Workplan, including schedule and budget to ensure eligibility and complete submission for the 10-Year Grant and FMB Certification.
As identified in the 10-Year Grant Readiness Report, feedback from leadership and stakeholders, the next phase may include an operational review and possible update of the Nation’s existing Financial Management System, training and compliance reporting, Finance and Audit Committee engagement and reporting, develop or update monthly, quarterly and annual reporting templates, implementation support of the Financial Management System.
The Final Phase will include a Final Financial Management Readiness Assessment, Financial Management System Review, FMB Financial Management System Certification Application, Financial Performance Ratios Review and Confirmation, FMB Financial Performance Certification Application, FMB Coordination, ISC application and liaison as required, Chief and Council, Committee Engagement and Reporting, as required