Dozens of B.C. First Nations failed to file financial statements by deadline

Thirty-seven First Nations in B.C. could lose a portion of their federal funding after they missed the deadline to file financial statements, according to Aboriginal Affairs Canada.

But many of them said Wednesday they were scrambling to gather all their financial data and had asked the federal government for an extension on filing their audited financial accounts.

Aboriginal Affairs says 581 First Nations across Canada had until midnight Tuesday to file their financial information — including salaries and expenses of band members — under the First Nations Financial Transparency Act. As of Wednesday morning, 191 — or just under one-third — had failed to do so.

Read more: http://www.vancouversun.com/business/dozens+first+nations+failed+file+financial+statements+deadline/11336213/story.html#ixzz3kfsygD6U