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Financial Management Expertise
Visions Financial has the experience and capability to assist your community or organization with its overall financial management. Michael Bonshor, VFS Principal brings many years of high level financial management expertise and a Certified Management Accountant (CMA) designation.
Visions Financial is a proponent of sound financial management as a pillar of First Nations community development.
V.F.S. provides customized financial management support and services that are designed to meet the changing and challenging financial needs of their clients.
Successful financial management plans are accomplished by conducting an evaluation and analysis of the client’s current, future and potential financial position, and consultation to assist in developing a plan that is realistic and effective to meet the goals of the organization.
V.F.S. is experienced in assisting First Nations Councils, management, project managers and financial officers with:
 | budget development with implementation assistance |
| effective and efficient financial monitoring & reporting systems |
| assistance with financial compliance and procedures |
| recommendation and assistance with accounting software selection |
| preparation of proposal based financial projections for the purpose of seeking financing, program support, including corporate and industry partnerships |
V.F.S. has extensive knowledge and experience dealing with financial service providers, funding agents, leasing companies, and municipal governments and agencies.
Fiscal planning
V.F.S. provides assistance with developing, preparing and consultation with fiscal planning activities. Fiscal planning helps the governing/managing body layout the overall budget of the organization, based on an analysis of the revenues and expenditures and includes both capital and operational expenditures.
V.F.S. provides leadership and guidance through the fiscal planning process which includes meeting with the management and financial staff, and preparing in detail the budgets for each department and program. The end result is a complete and detailed fiscal plan that provides the key mechanism for allocating and managing budgets both program and operational, and ensuring that the process for approval of expenditures is met.
| Even if this is the only plan you have the time or capacity to develop, it will still provide the blueprint to your operation and provide guidance and perspective to the overall goals and objectives of the organizations and you will have a valuable document to refer to throughout the year. |
Previous engagements include:
| Aboriginal Financial Officers Association of Canada - Ottawa
Developed 4 workshops based on previously developed discussion papers. Workshops include: Debt Management and Understanding Financial Information/Audits, Business Planning and Project & Risk Management |
| Developed 6 discussion papers in a number of areas including: Debt Management and Understanding Financial Information to be incorporated into their web-based Knowledge Sharing Initiative |
| Effective First Nations Financial Governance: Developed and presented this two day workshop for the Alberta & BC AFOA - 2006 Leadership Forum. Workshop focuses on issues and opportunities that face First Nations in the area of community governance and financial management. |
Workshops & Presentations
Michael Bonshor, through Visions Financial has presented to a number of organizations in the area of First Nation and Aboriginal business development and financial management. Client list includes:
| Royal Roads University - Victoria |
| INAC Alternative Energy Forum |
| AFOA Canada National Conference |
| AFOA BC |
| Surrey Aboriginal Cultural Society |
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