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A P R I L 2021 ME S S E NG E R
A Message from Treasurer Sherry Cunningham M e s s a g e f r o m t h e T r e a s u r e r
Hello Fellow Community Members: Metis Settlements General Council 2021 Funding/ Budget: On March 24, 2021, the MSGC Assembly approved a Financial Allocation Policy (FAP) and Budget for MSGC Central Office. Policy approval procedures are contained in the Metis Settlements Act and accompanying policies. Basically, in the case of
FAPs, Central Office develops a draft budget/accompanying FAP. These documents are then discussed with the Assembly prior to December 31 of each calendar year. Once Settlement consensus or majority agreement is obtained, First and Second Readings of the FAP take place. Third Reading then takes place after the policy has been posted in each community for the required number of days as contained in the MSA. Sometimes obtaining consensus and/or majority takes a bit longer than anticipated. The discussions this year took a bit longer than usual for a variety of reasons. Several concerns were expressed regarding the balance of the Future Fund, no assurance of Federal Funding etc. When there is a delay in obtaining FAP approval, it has been the practice of MSGC to request the Honourable Minister of Indigenous Relations to bring the policy into force and effect prior to the expiration of the 90- day veto period. It is never the desire to use funds from the Future Fund for operational purposes, however, until other funding can be obtained, MSGC Central office has no other source of revenue to continue operations. MSGC Investment Committee: The MSGC Investment Committee meets on a quarterly basis to discuss and review the performance of the Future Fund. The Investment Committee has appointed an Investment Consultant and two Money Managers who ensure that prudent investments are done in accordance with the Management and Administration Guidelines as approved by the MSGC Assembly. Reports are provided to Committee members on a monthly basis and an annual report is provided to the Assembly at the LTA (Long Term Agreement) Tech Team Meetings – Regular Meetings of the LTA Tech Team take place on a monthly basis. Attendees fromMSGC and the Government of Alberta participate in these discussions. These meetings basically involve updates on each of the LTA Schedules as well as a review of action items contained under the Annual Plan/Budget. LTA Implementation Team Meetings – Scheduled meetings of the LTA ImplementationTeamgenerallytakeplaceonaquarterlybasis.EachSettlement appoints one representativewho participates in discussions regarding the LTA. MSGC Annual Meeting. Long-Term Agreement:
O u r L a n d . O u r C u l t u r e . O u r F u t u r e .
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