Six Nations in surplus now but headed to deficit at year end

Despite a plethora of funding agreements complicating the budget Six Nations is operating in a surplus. Jennifer Court, director of financial planning and analysis presented the second quarter financial statement to Six Nations Elected Council (SNEC) at the General Finance committee meeting on December 4. The second quarter ended on September 30, 2023. SNEC’s 2024 budget is $150.6 million with a budgeted deficit of $11 million before either the Ontario First Nation Partnership (OFNLP) or Brantford Casino dollars kicks in. Court said with those funds factored in the budget looks more like $156.2 million with a $2 million deficit. Court said despite some departments like health services, which has a budget of $46.9 million which looks like it’s operating at a deficit of $883,000, they are using surplus and own…

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