ROLE OF CHIEF AND COUNCIL
Chief and Council’s primary role under the Trust Agreement includes;
Approve applications initially approved by the Community Fund Trustees by obtaining a Council Resolution for projects greater than $82,315 but less than $274,385 (adjusts annually with inflation)
Appoint Trustee Nominating Committee
Remove Trustees (Upon receipt of resolution of remaining Trustees)
Authorize and approve additions of Trust Property
ROLE OF FINANCIAL TRUSTEES
The financial administration of the Trust Property is the sole responsibility of the Financial Trustees. All legal right, title and interest in the Trust Property is vested exclusively in the Financial Trustees. The Financial Trustees shall also, among other things:
engage professional financial management services to assist them in performing duties under the Agreement;
call and hold general meetings of Members
make the Per Capita Distribution
apply or distribute the Trust Property in accordance with Funding Directions issued by the Community Fund Trustees;
maintain records and prepare financial statements and reports
attend meetings where required under this agreement.
ROLE OF COMMUNITY FUND TRUSTEES
The Community Fund Trustees shall have no responsibility under the Agreement for the financial administration of the Trust Property. The Community Fund Trustees shall , among other things:
identify and determine proposed applications of the Trust Property
approve proposed applications of the Trust Property that are less than $82,315 dollars
recommend for approval to Council proposed applications of the Trust Property that are $82,315 dollars or more but less than $274,385 (Band Council Resolution Required)
recommend for approval to the Members proposed applications of the Trust Property that are $274,385 dollars or more (Membership Vote)
provide the Financial Trustees with Funding Directions
maintain records and prepare reports
attend meetings where required under the Agreement.