Tsleil-Waututh First Nation requires that its organizational departments
develop a framework for budget and management accountability as one of
several steps towards achieving self-government and meeting the immediate
needs and interests of the Tsleil-Waututh community.
As a result, the economic development function within the
Tsleil-Waututh government was required to become more formalized, leading
to the creation of the Economic Development Department.
priorities for this formalization of economic development activities were
to define and implement, an organizational structure, a management
accountability framework and an annual budget process.
Further, to address immediate Council concerns over accountability,
an operational plan for reporting was outlined.
economic development function at Tsleil-Waututh First Nation had over the
years incrementally evolved into the Takaya Developments company.
Starting from little capital and investment capacity, the evolution
of Takaya Developments was a response to the extra-community business
needs of the marketplace.
economic development team saw a need to communicate its extraordinary
success to the community and the Takaya Developments structure needed to
be more focused on meeting the needs of business.
The Tsleil-Waututh required an economic development department with
distinct responsibility for overseeing Tsleil-Waututh businesses
(including Takaya Developments), reporting on Tsleil-Waututh businesses,
making applications for government grants and assistance, outlining fiscal
priorities and delivering and maintaining annual budgets.
The Tsleil-Waututh Economic Development Department is directly accountable to Chief and Council and delivers a stringent budget and management accountability to Council, Management Board and the Tsleil-Waututh community at-large.