Government of Canada informs Gesgapegiag on the significant financial improvement under the MAP

Jan 9, 2018

Government of Canada informs Gesgapegiag on the significant financial improvement under the MAP

Chief and Council would like to share the good news following an analysis done by the Government of Canada regarding the financial situation of Gesgapegiag. Please click on the PDF below to access the letter that was sent to Chief and Council by the Indigenous Services Canada regarding their significant financial improvement. The Micmacs of Gesgapegiag will be finishing their fourth year with only one year remaining on the Management Action Plan after March 31, 2018. Gesgapegiag is now above the threshold of two out of the three ratios used by Indigenous Service Canada. The third ratio has also improved significantly. Gesgapegiag's Financial Administration Law will continue to improve the financial situation of Gesgapegiag by using good financial practices, planning, and reporting. Another tool that Gesgapegiag will use is their Five-Year Strategic Plan. The Five-Year Strategic plan will ensure that heads of departments are working together and moving in the right direction as one. The positive and financially healthy momentum will continue!



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