FINANCE DEPARTMENT Mission Statement: Finance Department mission statement is to provide useful and accurate financial information in a timely manner to all stakeholders, Adams Lake Indian Band Community and Chief and Council. Summary: The Finance Department is responsible for financial planning and budgeting, procurement, financial reporting. Adams Lake Indian Band Council and Management are assisted in maintaining the financial integrity of the Band under the Financial Law passed in 2017 and amended in 2019 by establishing comprehensive financial policy and internal control. Finance department is responsible for maintaining the financial integrity of the organization by ensuring compliance with the following policies approved by Chief and Council: • •
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Annual integrated planning process of budget, strategic plan, and annual financial reporting. Investment policy, purchasing procedures, budget variance reporting and analysis by each department to ALIB Finance and Audit Committee and as well to the Chief and Council on a quarterly basis. Monitoring and reviewing monthly financial statement and budget allocation with each department. Expense authorization policy. General and capital reserve funds. Following Council instructions on financial transparency in presenting annual budget and audited statements to the Community. Ensuring that all Adams Lake Indian Band significant financial transactions are reviewed by ALIB Finance and Audit Committee and their recommendations submitted to the Chief and Council.
Highlights of Year 2020-2021: •
Council approved Adams Lake Indian Band Comprehensive Financial Policy. • All Finance staff pursued professional development courses and workshops.
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Each member of Finance team obtained academic and accounting certifications in accounting/finance functions. Despite Covid 19 pandemic, the team were able to provide excellent financial services to the community in a timely manner. Obtained higher level of proficiency in their daily tasks and obtained various certificates relating to finance and accounting profession. ADAMS LAKE INDIAN BAND FINANCE TEAM:
Jacqueline ManuelAccounting Officer- Receivable Weyt-k, Jacqueline Manuel en-skwest; I am from the Adams Lake Indian Band and a proud member. I am happy to say I am the Accounts Receivables Officer for ALIB; I am responsible for Accounts Payables and Accounts Receivable and support other financial duties and various departments with their financial transactions. Having worked with the ALIB for three years, I have great working relations with the Chief, Councillors, and community members; and will continue to do so. I have successfully completed my Bookkeeping Certificate through Okanagan College, and currently working on my Certified Financial Accounting Certificate also through the Okanagan College. Kukstsemc for having me as a valued employee for ALIB, I will continue to strive for brilliance for our community. Alysa DeshimaAccounting Officer-Payroll: This year has had it challenges. The new paperless timesheet program was put on hold during Covid but has recently been set to move forward once again. The program is being developed so the implementation stage is taking a little longer. I work daily with technicians getting the program started. We hope to have the new program set to go in the next short while. It has been a great honor to work for the Adams Lake Indian Band, there is always something new around the corner.
Administration
ALIB Annual Report 2020-2021
