City slow on filing finances

The City of Iqaluit will be late in filing its consolidated financial statements to the Government of Nunavut this year.

City staff have requested an extension from March 31 until June 30.

That’s because the city’s finance department continues to experience problems with new computer software installed over the last year. Difficulties with the software was one reason why the city’s 2006 budget was not prepared on time, either.

According to John Hussey, the city’s finance director, computer programmers are working on fixing the problem right now.

“We want to do it right,” Hussey said. “Otherwise, we’ll have a re-occurring problem.”