FSIN’s Debt Continues To Grow
Thursday, February 14, 2008 at 15:00
The financial situation at the FSIN has not improved since its last legislative assembly.
In fact, it is slightly worse.
At the fall assembly, it was revealed the organization had a debt of $1.4 million.
Following the completion of a financial audit, that debt now sits at $1.6 million.
FSIN Vice-Chief Glen Pratt says the FSIN is not alone in its less-than-ideal financial situation.
Pratt says First Nations across the country are under-funded, even though governments have extra money.
Plans for a complete overview of the federation’s finances have been tabled to a special assembly, which will be held March 28th.