Finance Dept

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: • 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. • 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 Manuel-

Accounting 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.

Bernice AugustAccounting Officer-Payable: I have been working in the Accounts Payable position for two years now, with all the expansions the Band has been doing, and the past year with Covid Relief cheque runs, I have been keeping very busy. I am doing online classes to complete my Bachelor of Business Administration; and at the same time, I am completing the Certified Aboriginal Financial Manager. Stay Healthy, Happy and Helpful. Bernice August-Accounting Officer-Payable: Tanya ArnouseFinance Assistance

In 2018, I graduated with my Administrative Assistant Certificate and Business Fundamentals certificate from Thompson Rivers University. I am currently taking courses online for my Bachelor of Business from Okanagan College. This coming May I will be pursuing my Bookkeeping certificate from Okanagan College. I started working in the finance department end of June 2020 to October 2020 as Finance Assistant for Pierre’s Point and Sandy Point campgrounds. After the campgrounds were finished for the season, continued working at the finance department and I sure learned lots on how to use the adagio programs. This year I will be working again with Pierre’s Point and Sandy Point campgrounds as Finance Assistant when they open on May 1st,2021. John Adebanjo(CFO) Chief Financial Officer

John Adebanjo – Chartered Professional Accountant has been with ALIB for over two and a half years. He has over three decades of First Nation Accounting Experiences. John work closely with other directors and managers to prepare annual budgets and systematically calculate and forecasts community financial needs and capital projects. Apart from day-to-day finance functions, CFO involves with the nation governing body (Chief and Council and the Executive Director) in planning long term financial strategy of the community. Due to the support and professionalism of ALIB Finance team including Finance and Audit Committee oversight, ALIB has obtained unqualified audit opinion for two years in a row for Fiscal Year 2018/2019, and Year 2019/2020 and we are confident that Year 2020/2021 audited financial statement will achieve same high standards of unqualified audit opinion. Tracy Friesen-Finance Supervisor

Donna Lyons-Senor Accountant Both Tracy and Donna have contributed significantly to the success and achievements of finance department in this Fiscal year 2020/2021. Tracy Friesen had work for Adams Lake Indian for over four and a half years training and implementing high financial standards for the organization. Donna Lyons has been working in Finance since year 2017, She support all finance team members and work closely with our social assistant clerk ensuring accurate financial data and reporting. Finance department appreciate the contributions of Tracy and Donna.