First Nations Tax Commission Commission de Ia fiscalite des premieres nations The First Nations Tax Commission, pursuant to the First Nations Fiscal Management Act, hereby approves the following law made by the ?Akisqnuk First Nation in the Province of British Columbia, Akisqnuk First Nation Annual Expenditure Law, 2020 Dated at Kamloops, British Columbia this 17th day of June, 2020. On behalf of the First Nations Tax Commission y) ules- Chief Commissioner irst Nations Tax Commission
DocuSign Envelope ID: EFCB1C30-D36F-4527-ABFD-8A1EFF2BAC44 AKISQNUK FIRST NATION ANNUAL EXPENDITURE LAW, 2020 WHEREAS: A. Pursuant to section 5 of the First Nations Fiscal Management Act, the council of a first nation may make laws respecting taxation for local purposes of reserve lands and interests or rights in reserve lands, including laws authorizing the expenditure of local revenues; B. The Council of the First Nation has made a property assessment law and a property taxation law; C. Subsection 10 (2) of the First Nations Fiscal Management Act requires a fust nation that has made a property taxation law or a law under paragraph 5(1)(a.1) to make, at least once each year, a law establishing a budget for the expenditure of revenues raised under those laws; and D. The Council oft he First Nation wishes to establish an annual budget for the expenditure of revenues raised in the current taxation year, and wishes to authorize expenditures made in accordance with section 13 .1 of the Act; NOW THEREFORE the Council of the Akisqnuk First Nation duly enacts as follows: 1. This Law may be cited as the Akisqnuk First Nation Annual Expenditure Law, 2020. 2. In this Law: "Act" means the First Nations Fiscal Management Act, S.C. 2005, c. 9, and the regulations made under that Act; "annual budget" means a budget setting out the projected local revenues and projected expenditures of those local revenues during a budget year, and setting out expenditures made in accordance with section 13 .I of the Act; "Assessment Law" means the Akisqnuk First Nation Property Assessment Law, 201 6; "Council" has the meaning given to that term in the Act; "First Nation" means the Akisqnuk First Nation, being a band named in the schedule to the Act; "Law" means this annual expenditure law enacted under paragraph 5(I)(b) of the Act as required by subsection I 0(2) of the Act; "local revenues" means money raised by the First Nation under a local revenue law and payments made to the First Nation in lieu of a tax imposed by a law made under paragraph 5(1)(a) of the Act; "property taxation law'' means a law enacted by the First Nation under paragraph 5(1)(a) of the Act; and "Taxation Law'' means the Akisqnuk First Nation Property Taxation Law, 2016. 3. The First Nation's annual budget for the budget year beginning April 1, 2020, and ending March 31, 2021, is attached as a Schedule and the expenditures provided for in the Schedule are authorized. 4. Expenditures of local revenues must be made only in accordance with the annual budget or in accordance with section 13.1 of the Act. 5. The expenditures made in the current year before this Law is enacted are included in the annual budget and are authorized by this Law. 6. Where the First Nation wishes to authorize an expenditure not authorized in this Law, or change the amount of an expenditure authorized, Council must amend this Law in accordance with Council procedure and the requirements of the Act. 7. The grant amounts set out in the annual budget are hereby approved as expenditures in accordance with the Taxation Law.
DocuSign Envelope 10: EFCB1C30-D36F-4527-ABFD-8A1EFF2BAC44 8. This Law authorizes the expenditure of contingency amounts as necessary within any of the categories of expenditures set out in the Schedule. 9. Except where otherwise defmed, words and expressions used in this Law have the meanings given to them in the Assessment Law and the Taxation Law. 10. Where a provision in this Law is expressed in the present tense, the provision applies to the circumstances as they arise. 11. This Law must be construed as being remedial and must be given such fair, large and liberal construction and interpretation as best ensures the attainment of its objectives. 12.(1) The Schedule attached to this Law, including the Appendices, forms part of and is an integral part of this Law. (2) A reference to the Schedule is a reference to the Schedule to this Law. 13. This Law comes into force and effect on the day after it is approved by the First Nations Tax Commission. THIS LAW IS HEREBY DULY ENACTED by Council on the 29th day of May, 2020, at Windermere, in the Province of British Columbia. A quorum of Council consists of three (3) members of Council. Councillor Theresa Kains ~·~~ Councillor Jason Nicholas 536 ~o'\M'Ct1t8t·Don Sam 963 ' J -lQ 'O F0 u 19 n 7 c 3G t ft t -. o 2 .. r D arcy p· t s h er 2
DocuSign Envelope ID: EFCB1 C30-D36F-4527 -ABFD-8A 1E FF2BAC44 SCHEDULE ANNUAL BUDGET PART 1: REVENUES I. Local revenues to be collected in budget year: a. Property Tax Revenues $354,920 TOTAL REVENUES $354,920 PART 2: EXPENDITURES I. General Government Expenditures a. Executive and Legislative $ IOO,OOO b. General Administrative 25,000 c. Other General Government I5,000 2. Protection Services a. Comprehensive Service Agreement (RDEK) $90,000 3. Transportation a. Roads and Streets $7,500 b. Snow and Ice Removal IO,OOO 4. Community Development a. Education $22,000 b. Economic Development Program I5,000 c. Housing 33,000 5. Other Services a. Health $7,000 6. Grants: a. Home owner grant equivalents: $ I5,000 7. Contingency Amount $ 5420 8. Transfers into the Capital Reserve Fund by Revenues included in Part I $IO,OOO TOTAL EXPENDITURES $354,920 PART 3: ACCUMULATED SURPLUS/DEFICIT I. Accumulated Surplus - Local revenues carried forward from the previous budget year $ 0.00 BALANCE $ 0.00 3
DocuSign Envelope 10: EFCB 1C 30-D36F-4527 -ABFD-SA 1E FF2BAC44 Note: The following are the service agreements with third-party service providers, and the amounts indicated are the amounts payable by the First Nation under each agreement during the budget year: a. Regional District of East Kootenay for: Fire and other protection, waste disposal, hospital and other $90,000 Note: This Budget includes the attached two appendices. 4
DocuSign Envelope ID: EFCB1C30-D36F-4527-ABFD-8A1EFF2BAC44 Appendix 1 Reserve Fund Balances for Revenues Included in Part 1 of the Schedule 1. Capital Reserve Fund Beginning balance as of April 1, 2020 : $ 17,322 Transfers in a. from current year revenues: $ 10,000 Interest earned in current year: $ 1 Ending balance as of March 31, 2021: $27,323 5
DocuSign Envelope 10: EFCB1C30-D36F-4527-ABFD-8A1EFF2BAC44 Appendix 2 IBE Water System Replacement Service Tax Budget and Debt Repayment Reserve Fund Balance A. Service Tax Current Year Budget Revenues: 1. Service Tax Revenues to be collected in current year: 2. Moneys from Service Tax Reserve Fund to be expended in current year: Total Service Tax Revenues: Expenditures: 1. Financing Payments to First Nations Finance Authority 2. Transfers into Service Tax Reserve Fund: ffiE Water System Replacement Total Service Tax Expenditures: Balance: B. Service Tax Reserve Fund Balance Beginning balance as of April I, 2020 : Transfers out to current year service tax revenues: Transfers in from current year service tax revenues: Interest earned in current year: Ending balance as of March 31, 2021: 6 $ 127,008 $ 0.00 $127,008 $ 120,387 $ 6.621 $127,008 $ 0.00 $ 112,636 $ 0.00 $ 6,621 $ 10 $ 119,267
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