The Council will assign daily financial tasks to the Housing Manager/Director while monitoring operations to ensure compliance with the First Nation’s financial policies. Chief and Council manage funding for housing programs and ensure annual audits for Band Members. The Housing Department will send quarterly financial reports to the Housing Board, the Chief, and the Council. Minutes will be taken at all decision-making meetings, and Chief and Council will oversee the Housing Board regarding the budget finances. 

AND/OR 

The Chief and Council will delegate daily financial operations to the Housing Manager/Director while supervising operations and making financial decisions within their budget allocated by the Chief and Council. For decisions beyond their authority, they must obtain approval from the Chief and Council. Although the Board/Committee is not responsible for securing annual funding, they will decide on budgets based on the allocation from the Chief and Council. The Chief and Council will ensure that yearly audits of Housing Programs are conducted by the Housing Management/Department and shared with the Board/Committee and membership. Meeting minutes are required for all gatherings of the Board/Committee, the Chief, and Council where decisions are made or implemented. 

AND/OR In housing operations, housing managers and directors must understand accounting principles to fulfill their responsibilities effectively. They should possess strong skills in record-keeping, financial reporting, and budgeting, as well as the ability to analyze financial information for informed decision-making regarding their housing units.

For effective financial planning, managers or directors should understand the key components of the housing department, including resources, obligations, earnings, and expenses. The Chief and Council, as stakeholders, play a crucial role in decision-making. A solid grasp of the Replacement Reserve for repairs and revenue from rent, including government assistance, is essential for drafting budgets. There are funds set aside for future costs, such as major repairs or replacing certain parts of the building. These reserves are maintained in separate accounts and are intended solely for these specific purposes. 

AND/OR 

·       The Housing Manager/Director and Board/Committee will create an annual budget and present it to the Chief and Council, which will include expenses for repairs and maintenance, new housing construction, septic and water systems, rent, salaries, insurance, administration, lot servicing, training, and loan payments.  

·       Revenues for the Housing Program budget will include housing subsidies, rental and loan payments, government assistance, Band contributions, training funds, and construction grants.