After once again running into the red, the regional Inuit org says new cash coming
The Qikiqtani Inuit Association says the deficit it posted in its general fund over the past fiscal year is the result of it being shortchanged by Nunavut Tunngavik Inc. However, the regional Inuit organization says additional cash contributions from NTI that started this fiscal year should help prevent future shortfalls.
The QIA posted a deficit in its general fund, which it uses to pay for core operations, of $544,000 for 2016-17. The general fund posted a smaller deficit, of $366,927, the previous year.
(However, for both years the organization remained in the black if you count revenues earned from mining royalties and its economic development arm. For 2016-17, they posted an overall surplus of about $3 million.)