Audit 2000

Formulation of Successful Remedial Management Plans„„„„„„„„„„„„„„Formulation of Successful Remedial Management PlansIntroduction of PresentersINAC Intervention PolicyProven RMP ApproachRMP Essential ComponentsExit Strategy and De-EscalationSuccess StoryRecap, Questions and Answers2„„„„Formulation of Successful Remedial Management PlansIntroductionRussell Paradoski and Jacques Marion– Worked as a team since 1998– Third Party Management & Co-Management– Engagements in 3 Provinces, Manitoba, Saskatchewan and Newfoundland/Labrador– Developed numerous successful RMP’s that have ’slead to debt retirement and de-escalation – Responsible for budgets of $2M - $20M annually3„„„„Formulation of Successful Remedial Management PlansIntroductionRollie Hamilton– Former First Nation Chief– Worked through the entire RMP, exit strategy and de-escalation processde– Rollie and his Council were key to their first Rollienation’s RMP development, implementation and ’successsuccess– Rollie is now a consultant with BDO working with Rolliefirst nations under intervention in Third Party and Co-Management engagements Co4„„Formulation of Successful Remedial Management PlansRemedial Management Plan DefinitionINAC Finance Procedure Manual – 5.6 – RMP is a plan, developed by Council and approved by the Minister, which reflects decisions and measures which are necessary to remedy or respond to a default under a Funding ...