FSIN Outlines Plan To Climb Out Of Debt
Friday, June 06, 2008 at 15:12
The FSIN is taking more steps to get rid of its $1 million debt.
The federation is currently under Indian Affairs’ Remedial Management Plan, which means the organization has the capacity to deal with its problem and has a low level of intervention from INAC.
The FSIN executive and treasury board have new rules to follow.
Yesterday at the FSIN legislative assembly in Saskatoon, Vice-Chief Glen Pratt outlined some of the steps the board will be taking.
The board hopes to put $250,000 towards the debt each year for the next seven years, which Pratt says should eliminate the debt.
He also says reports must be given to the treasury board for any expenditure over $7,500, and all contracts must be approved by the board before any work begins.