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Dates of creation area
Date(s)
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1947-1954, 1978-2012 (Creation)
- Creator
- Northwest Territories. Department of Finance (1975- )
Physical description area
Physical description
6.4 m of textual records
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Administrative history
The Department of Finance was established in 1975. The Department reports to the Minister of Finance and has overall responsibility for the management of the Treasury, the development of fiscal policies for the GNWT and the regulation of the insurance and liquor industries. While the Department of Finance is not directly involved in the delivery of programs and services to the public, it provides support to the executive branch and program departments through the acqusition and management of financial resources.
The Treasury is responsible for managing the government's cash position, conducting the government banking and investing activities, tax administration, risk management and insurance industry regulation. Fiscal policy is reponsible for the provision research, analysis and recommendations for the fiscal policies of the government. Additionally it monitors economic conditions as they affect the government's fiscal policy including federal and NWT tax policies, intergovernmental fiscal relations and formula financing arrangements. The Department of Finance manages the sale, distribution and consumption of liquor in the NWT via the Liquor Revolving Fund, the Liquor Licensing Board, Liquor Licensing and Enforcement and the Liquor Commission.
In 2009/10 the functions of the Financial Management Board and Secretariat were transferred from the Department of the Executive back to the Department of Finance. Changes to the Financial Adminstration Act established the Minister of Finance as the Chair Financial Management Board, with the Deputy Minister of Finance becoming the Secretary of the Financial Management Board.
Custodial history
Scope and content
This fonds includes records from the Directorate, including Ministerial and Deputy Minister Chronos and briefing books. It also includes records concerning the financial impact of division, including: proposals, workbooks, records of committees and executive summaries prepared by consultants. Also included in Directorate records are files relating to the purchase and transfer of the Northern Canada Power Commission to the GNWT.
Also within this fonds are records from the Finance and Fiscal Policy Division. The files include records related to the financial negotiations between the federal government and the related stakeholders involved in the division of the Northwest Territories and the creation of Nunavut in 1999. Records also include files of the Division Special Committee Working Group and the Northern Representatives (NERN) Committee, transfer of financial responsibility of Arctic Airports and fire management programs from the federal to territorial government, files tracking the changes and negotiations regarding property, education and income taxation, as well as economic policy issue files.
Records from the Corporate Affairs Division include files related to financial aspects of self-government agreements, amendments to the Liquor Act and Financial Administration Act, GNWT debt and borrowing, and a 1997 strategic plan for the department.
Records from the Management Accounting Services division include an organizational review of the payroll and employee benefits functions and a report on the provision of payroll services to Boards of Education.
Records from the Internal Audit Bureau include meeting packages of the Audit Committee, which provides oversight for the Bureau.
As well, there are records from the NWT Liquor Commission, consisting of seven annual reports (38th to 44th, dated 1992-1998) from the Commission; correspondence regarding various issues with the public, appointments and revocations, and management of liquor warehouse and retail stores; reports related to surveys and planning; and correspondence and memos related to the transfer of administration of the liquor system to the territorial government. Records from the Liquor Licensing and Enforcement division include correspondence and notes from a public meeting in Yellowknife and a newsletter produced by the Liquor Licensing Board for licensees.
The fonds also includes records from the Finance Information Systems Steering Committee (1979).
Notes area
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Restrictions on access
Access restricted under the Access to Information and Protection of Privacy Act.
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Accession level finding aid available.
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Rights
Copyright held by the Government of the Northwest Territories.