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Nunavut Tunngavik Annual General Meeting Closes

(November 24, 2011 – Cambridge Bay, Nunavut) The Nunavut Tunngavik Inc. Annual General Meeting of members wrapped up in Cambridge Bay today. NTI President Cathy Towtongie called the meeting productive and efficient.

“Our meetings went very well. Members approved the annual funding request from the Nunavut Trust, reviewed and approved the audited financial statements and the 2011 NTI Annual Report, and approved the Resource Revenue Policy,” said Towtongie. During the discussion of NTI’s audited financial statements, Towtongie said the auditors commended the organization on the excellent state of its financial management.

The Resource Revenue Policy established a consensus-based model amongst NTI and the Regional Inuit Associations to manage resource revenue from Inuit owned lands, and calls for the creation of a Resource Revenue Trust to manage and distribute resource revenue.

NTI’s members will meet in Iqaluit next year in October for their annual meeting.

The approved funding request from Nunavut Trust for 2011/12 is listed below.

Nunavut Tunngavik Inc. $ 19,261,378
Kitikmeot Inuit Association 4,722,343
Kivalliq Inuit Association 4,174,264
Qikiqtani Inuit Association 5,487,089
Inuit Heritage Trust 1,324,577
Beneficiary Benefits Plan 220,975
Community Liaison Officers 2,605,310
Additional Spending Requests:
NIRC-Economic Initiatives Funding 1,453,198
NIRC – Sivummut Funding 300,000
Kivalliq Inuit Association 363,772
2,116,970
Subtotal 39,912,906
Elders Benefit Plan 2,160,000
 
TOTAL FUNDS REQUESTED FROM NUNAVUT TRUST $ 42,072,906


For further information:
Nunavut Tunngavik Incorporated
Tel:
Toll-free: