Long Plain among best managed First Nations
Long Plain First Nation has been awarded a Financial Performance Certificate from the First Nations Financial Management Board (FNFMB), recognizing the community as having one of the best managed governments among Canadian First Nations.
“This achievement is the culmination of the efforts of many dedicated individuals,” says Long Plain First Nation Chief Dennis Meeches. “We believe that we owe it to our members to operate with transparency and accountability to ensure that their trust in us has been well placed.”
The recognition is a way for First Nations to demonstrate their financial management expertise and credibility to their own members, other governments, investors and lenders. It also allows the First Nation to access capital market financing via the First Nations Finance Authority (FNFA).
Long Plain First Nation plans to construct a hotel, truck stop and office building on its urban reserves located in Portage la Prairie and Winnipeg. A feasible endeavour now that the LPFN has access to long-term, below bank prime rate financing through the FNFA.
“The First Nations Finance Authority looks forward to working with Long Plain First Nation to help them build their own future on their terms,” says Ernie Daniels, FNFA president and CEO.
The Financial Performance Certificate is an independent stamp of approval of a First Nation’s good financial health. The Vancouver, B.C., based FNFMB reviewed the band’s financial performance over a five-year period ending March 31, 2017.