GWA’SALA - ‘NAKWAXDA’ XW NATION BOX 998 ● 154 TSULQUATE RESERVE ● PORT HARDY, BRITISH COLUMBIA, CANADA ● V0N 2P0 PHONE: (250) 949-8343 ● FAX: (250) 949-7402 ● WEB: WWW.GWANAK.INFO
OWN SOURCE REVENUE POLICY OBJECTIVE To promote fiscal accountability of the Nation in managing own source revenues for the membership. This will also permit more structured budgeting for the various programs.
POLICY EFFECTIVE DATE This policy shall be in effect from the date approved by motion of Chief and Council and shall remain in effect until such time as it is revised or rescinded by motion of Chief and Council.
FUND The Chief and Council shall allocate an annual budget based on availability of funds. The Chief and Council may, at their discretion, allocate the annual budget incrementally over the course of the year. The Chief and Council may delegate the administration of this fund to a committee.
FORMULA The Gwa’sala-‘Nakwaxda’xw Nation wishes to apply the following percentages of OSR to manage the funds: Council
25%
To fund Chief and Council honoraria and travel
Band Administration
10%
To fund special projects for which there are no program dollars
Housing Maintenance
20%
To fund housing maintenance, i.e. chimney cleaning, pest infestation, vandalism
Emergency Preparedness
15%
To fund emergency preparedness equipment, planning, etc.
Donation
05%
To fund the recreational, social, ceremonial and cultural activities of the community
Contingency
15%
To fund emergency contingencies in case of a community emergency
Elders Support/Services
10%
To elder needs that are not covered by another program.
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