Currently there are 97 recipients under a financial management plan, FMP: 86 recipient controlled, seven co-management and four third-party managed. No Indian band or tribal council has their band issued cheques co-signed by Indian Affairs officials.
DIAND requires First Nations or their organizations, with a cumulative deficit greater than 8 per cent of their total revenues, to have in place a FMP to address the situation. The manner in which this FMP is managed depends upon the severity of the situation:
Recipient controlled: Where the FMP is exclusively managed by a recipient who is deemed to have the required administrative skills to address the difficulty;
Co-managed: Where the recipient is deemed not to have the required skills and recommends to DIAND the name of an independent qualified person or organization to be responsible for the financial affairs of the recipient; and
Third party managed: Where the recipient is deemed not to have the required skills and the health and safety of the community is at risk, DIAND appoints an independent qualified person or organization to administer the day to day affairs of the recipient.
The names of Indian bands and tribal councils who are under a co-management regime cannot be released as this information is confidential third party financial information under section 20(1)(b) of the Access to Information Act.
Question No. 44-