Naskapi and the Cree-Naskapi Commission Act

Marginal note:Books of account and financial records

• 91 (1) A band shall keep books of account and financial records that

  • (a) contain, as a minimum,

    • (i) an account of all moneys received and disbursed,

    • (ii) an account of revenues and expenditures,

    • (iii) a record of accounts payable and receivable,

    • (iv) an account of assets and liabilities, and

    • (v) an account of all other transactions that may affect the financial position of the band;

  • (b) conform with generally accepted accounting principles; and

  • (c) permit a comparison between

    • (i) revenues and expenditures as shown in the books of account and financial records, and

    • (ii) the projected revenues and expenditures as shown in the budget and any supplementary budget.

• Marginal note:Access to books and records

  (2) The Minister, a council member or elector of a band, or any person authorized in writing by the Minister or by a council member or elector may, at any reasonable time, inspect the books of account and financial records of the band, and any person who

  • (a) obstructs such person, or

  • (b) having control or possession of such books or records, fails to give all reasonable assistance to such person

  is guilty of an offence.