July 30, 2015
KATZIE FIRST NATION 2015 AUDIT STATEMENT
On November 23, 2011, Bill C-27, First Nations Financial Transparency Act was introduced in the House of Commons. The Act received Royal Assent on March 27, 2013 and it will result in basic financial information being published beginning in July 2014. First Nations Financial Transparency Act requires that First Nations, defined as an Indian band under the Indian Act, make their audited consolidated financial statements and a Schedule of Remuneration and Expenses available to their members as well as publish it on a website. These financial documents include:
· audited consolidated financial statements
As well, starting in 2014-2015 and in compliance with the legislation, the Minister of Aboriginal Affairs and Northern Development will be required to publish, on the departmental website, the audited consolidated financial statement and the schedule of remuneration and expenses for each First Nation, when received.
This legislation was part of the Government's commitment in the 2011 Speech from the Throne to support democratic, transparent and accountable First Nation governments by requiring the public disclosure of remuneration and expenses of chiefs and councilors and First Nations' audited consolidated financial statements.
You can read the complete First Nations Financial Transparency Act on the Department of Justice's website.
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For further comment on this news release, contact Katzie First Nation, 604-465-8961 during office hours. For more background information on the Katzie First Nation and its treaty negotiations, visit www.katzie.ca.
Updated: October, 2002