FSIN Hoping To Be Debt-Free Within Two Years

FSIN Hoping To Be Debt-Free Within Two Years

Wednesday, July 29, 2009 at 14:57

 

 

The Federation of Saskatchewan Indian Nations says it’s well on its way to getting out of debt.

 

Two years ago, the FSIN revealed it had a debt of $1.6-million.

 

Since then, the federation has posted consecutive surpluses.

 

The surplus for the 2008-2009 fiscal year was $388,000.

 

FSIN Vice-Chief Morley Watson says that even with this improvement, the federation will remain on the Indian Affairs remedial management plan.

 

Watson says the FSIN has been able to post a surplus because of steps like closing its Fort Qu’Appelle office, holding assemblies at more cost-effective venues, and having fewer people doing more.

 

The federation’s debt now sits at just over $1-million.

 

Watson says FSIN officials hope to retire the debt in two to four years.