- Reduce greenhouse gas emissions
- Assist First Nations in the development of community energy plans and implementation training
- Create renewable energy studies for First Nations;
- Assist with energy project implementation
- Build community capacity
- Inform First Nations and tribal councils about Ontario’s climate change mitigation policies
- Sharing of energy conservation information and best practices
- Services offered by the OFNTSC are free charge to First Nations and tribal councils in Ontario. Please note that there are costs associated to attend training sessions. Contact us today, to see how we can assist you.
Benefits Of Using The Ofntsc’s Operations & Maintenance Service
- Improved asset efficiency
- Enhanced maintenance management plans
- Reporting on time for government reporting systems
- Upgraded funding for asset life cycles
- Awareness of new approaches to asset management and principles
- In-depth understanding of asset life cycle; and extending life cycle
- Infrastructure maintained properly for future generational use
- O&M liaison for improvements on reporting guide (Support First Nations in their reporting requirements for impacts on Indigenous Services Canada)
- O&M asset management strategy, education and awareness (training to be provided to First Nations on funding, reporting tools and best practices)
Resources Available for Download
Asset Management is a combination of management, financials, economic, engineering, operational and best practices applied to physical assets with an objective of providing the required level of services in the most cost effective manner. Due to increased demands from new regulations and policies an asset management system could assist First Nations in facilitating data and the financial planning resulting in a positive institutional change to community assets management. Subsequently leading to improved services and performances, more accurate financial planning, reduces life cycle costs & expenditures and improve the communities return on investments.
OFNTSC is proposing a (3) day First Nation Asset Management Workshop that will offer participants Why Asset Management? The Principals of Asset Management, inventory tools, financial requirements and useful templates for implementing an asset management plan.
Workshop Schedule & Locations coming soon.
The Conditional Assessment & Housing Database (CAHD) is a computerized information management database that helps First Nations manages existing housing inventory and the condition. CAHD also captures detail information on various stages of new construction including inspections and progress payments.
For more information please contact a representative from OFNTSC
The following annual reports are outlined in this manual which is attached at the bottom of this page:
- CHANGES IN CAPITAL ASSETS ANNUAL REPORT,
- HOUSING AND INFRASTRUCTURE ASSETS ANNUAL REPORT,
- MUNICIPAL TYPE AGREEMENTS (MTA),
- ACRS PROJECTS ANNUAL REPORT
Tangible Capital Assets (TCA) are a significant economic resource of First Nations and a key component in delivery of many First Nations programs (PS 3150.02). Current financial statements do not provide any information about the nature and age of a First Nation’s TCA. This information is important in determining the maintenance and replacement requirements of a First Nations.
Effective January 1, 2009 the Public Sector Accounting Standards Board (“PSAB”) has issued new financial standards that is arguably the largest change in accounting rules in recent years. PSAB Section 3150 requires First Nations to record the value of their Tangible Capital Assets in their financial statements and amortize these assets commencing December 31, 2009.Effective January 1, 2009 the Public Sector Accounting Standards Board (“PSAB”) has issued new financial standards that is arguably the largest change in accounting rules in recent years. PSAB Section 3150 requires First Nations to record the value of their Tangible Capital Assets in their financial statements and amortize these assets commencing December 31, 2009.
Implementing PSAB’s Section 3150 also requires First Nations to;
Develop an a TCA inventory and amortization values
Develop capitalization and amortization policies
Develop capitalization thresholds and record amortization values
Develop methods to maintain data information and asset register
Conduct education sessions to users on new reporting requirements
OFNTSC has available useful tools that have been tailored to assist First Nations with understand the changes in the financial reporting. These tools included a Tangible Capital Asset Users Manual, a generic TCA Policy and an Excel spreadsheet that will inventory, track and calculate amortization values for TCA’s.
For those First Nations seeking additional information please view the attach resources material that are helpful guides on PS 3150 new financial reporting requirements.
If you have any questions in regards to the services offered by the OFNTSC, we invite you to make contact with one of our service centres. Please contact the Service Centre geographically located closest to you.
1159 Alloy Drive, Suite 202
Thunder Bay, ON, P7B 6M8
Toll Free: 1-888-892-8281
Email: firstname.lastname@example.org or email@example.com
195 Henry Street, Building #4, Unit #3
Brantford, ON, N3S 5C9
Telephone: (226) 493-0225
Toll Free: 1-888-535-3383
Fax: (416) 651- 1673
Mississaugas of the Credit:
78 First Line Road, New Credit Commercial Plaza
Unit 202, Box 8, Hagersville, ON, N0A 1H0
Telephone: (905) 768-3399
Toll Free: 1-888-535-3383
Fax: (905) 768-1999