First Nations risk losing funding if they fail to file financial info by midnight

First Nations have until midnight to file their financial information or risk losing a portion of federal government funding, according to Aboriginal Affairs.

Under the First Nations Financial Transparency Act, which came into effect last year, First Nations must submit their audited financial statements for the past fiscal year to the government, including salaries and expenses of chiefs and councillors.

Aboriginal Affairs says there are 617 First Nations in Canada but the act only applies to 581. The remaining First Nations have self-government agreements and are exempt.

http://www.cbc.ca/news/aboriginal/first-nations-risk-losing-funding-if-they-fail-to-file-financial-info-by-midnight-1.3207867