Budgets
Quarterly Reporting
Bonus Fun Facts
Multi Year Planning
FAC
100

For what period is a budget for?

What is a Fiscal year - April to March

100

Q2 of the fiscal year

When is July to September

100
What is the end date of the Chief & Council term?

When is July 27, 2027

100

How many years is required for a Multi Year Financial Plan

How many are 5

100
Number of times the FAC meets

When is 4 times a year

200

What government is the main source of revenue in the First Nation budgets?

Who is Indigenous Services Canada

200

Report that displays point in time of financial activity

What is a balance sheet

200

The name of the actress in the movie Killers of the Flower Moon

Who is Lily Gladstone (Mollie)

200

What is the planning document referenced to develop a Multi Year Financial Plan?

What is a Strategic Plan/CCP

200

As needed for FAC review, a purchase for protecting assets of the Nation

What is an Insurance Policy/Renewal

300

What is a non cash expense in a budget?

What are admin fees

300

Staff who completes quarterly reports

Who is the Director of Finance/Comptroller

300

How many First Nations are in Canada?

What is 630

300
When planning for a new subdivision, where can this information be located?

What is a Capital Plan

300
The report that is reviewed annually

What is Audited Financial Statements

400

For budgeting payroll costs, provide 2 other lines items that is not salary.

What is pension expense and health benefits expense

400
Deadline to report to FAC for reporting

When is 45 days after quarter end

400

Indigenous Goalie of the Montreal Canadians

Who is Carrie Price
400

When developing a multi year financail plan, what should you include to account for changes in revenues and costs?

What is n escalator/cost of living/consumer price index/inflation

400

The FAC is provides this process to Chief & Council

What are recommendations for approvals

500

When a budget is completed, this is included in what long term financial planning document

What is a Multi Year Financial Plan

500

The revenue earned and and funds spent is compared against ..

What is the budget

500

Original six teams of the NHL

Who are the

Toronto Maple Leafs 

Montreal Canadians

Detroit Red Wings

Boston Bruins

New York Rangers

Chicago Blackhawks


500

What bank document should be factored in the multi year financial plan?

What is a long term debt/mortgage/loan

500
An auditor does what at the very beginning of the report
What is an opinion